Quick question - does anyone know roughly how much tuition at University of Michigan comes to? I'm trying to plan my finances and would appreciate any knowledge!
For the 2024-2025 academic year, the tuition rates at the University of Michigan (UMich) will depend on your residency status since UMich has different rates for in-state and out-of-state students.
In-state students attending UMich for undergraduate studies can expect to pay roughly $17,000 in tuition per academic year, while out-of-state students will pay significantly more—approximately $61,000 per year. Remember, these figures only cover tuition, and additional costs such as room and board, books, and personal expenses are not included.
Keep in mind that financial aid can significantly reduce these costs. UMich uses the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. To get an approximate idea of what your aid package might look like, you could use UMich's net price calculator available on their website.
Remember, these are just estimates and costs can vary slightly from year to year due to inflation and other factors. It's always a good idea to check UMich's website for the most accurate and up-to-date information before making any financial plans.
CollegeVine’s Q&A seeks to offer informed perspectives on commonly asked admissions questions. Every answer is refined and validated by our team of admissions experts to ensure it resonates with trusted knowledge in the field.