University Of Michigan-Ann Arbor's published cost of attendance is $33,345 per year, including $17,228 in in-state tuition, $58,072 for out-of-state students, $13,856 for room and board, and $1,126 for books and supplies. The average student pays $14,832 after financial aid, representing savings of $18,513 from the sticker price.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $33,345 |
| Tuition and Fees | $58,072 |
| Room and Board | $13,856 |
| Books and Supplies | $1,126 |
| Average Financial Aid (Grants and Scholarships) | -$18,513 |
| Average Net Price (What Families Pay) | $14,832 |
| Family Income | Net Price |
|---|---|
| $0–30k | $4,926 |
| $30–48k | $5,389 |
| $48–75k | $8,756 |
| $75–110k | $16,042 |
| $110k+ | $26,787 |
University Of Michigan-Ann Arbor's published cost of attendance is $33,345 per year, including $17,228 in in-state tuition, $58,072 for out-of-state students, $13,856 for room and board, and $1,126 for books and supplies. The average student pays $14,832 after financial aid, representing savings of $18,513 from the sticker price. This net price falls just $758 above the peer median of $15,590, indicating competitive affordability relative to similar institutions.
The university's financial aid effectiveness reduces costs substantially across all income levels, with net prices ranging from $4,926 for the lowest-income students to $26,787 for families earning over $110,000. Out-of-state families face significantly higher costs before aid, though financial assistance helps moderate the final price. The $18,513 average financial aid savings demonstrates the institution's commitment to affordability despite its selective admissions profile.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
University Of Michigan-Ann Arbor graduates carry a median debt of $19,500, just $500 below the peer median of $20,000, indicating competitive debt levels relative to similar institutions. Debt ranges from $9,530 at the 25th percentile to $25,700 at the 75th percentile, demonstrating variation in borrowing patterns across students.
The debt-to-earnings ratio of 0.23 indicates manageable debt relative to post-graduation income, with annual loan payments representing less than one-quarter of typical graduate earnings. Debt performance ranks at the 72nd percentile nationally, reflecting above-average debt management outcomes.
Parent PLUS borrowing averages $29,859 with monthly payments of $393, representing additional family borrowing beyond student loans. The combination of moderate student debt levels with strong earnings outcomes creates favorable conditions for post-graduation financial stability and loan repayment across most programs.
How cost compares to graduate earnings and value added.
University Of Michigan-Ann Arbor delivers strong return on educational investment through the combination of managed costs and excellent earnings outcomes. Graduates earn $6,138 beyond expectations relative to similar students, ranking at the 77.4th percentile nationally for value-added performance.
Median earnings of $83,648 exceed the peer median by $23,105 annually, providing substantial earnings premium that justifies educational costs. The favorable debt-to-earnings ratio of 0.23 indicates sustainable debt levels relative to income potential.
Return on investment ranks at the 97th percentile nationally, placing University Of Michigan-Ann Arbor among top institutions for long-term financial outcomes. The university represents strong value particularly for in-state students, who benefit from lower tuition rates while accessing the same high-quality education and career outcomes as out-of-state peers.
University Of Michigan-Ann Arbor enrolls 17.6% Pell-eligible students, indicating moderate representation of lower-income families despite selective admissions. The $18,513 gap between sticker price and average net price reflects substantial financial aid awards across the student body.
Net prices by income tier demonstrate targeted aid strategies, with families earning under $48,000 receiving aid that reduces costs to under $5,400 annually. The university's aid approach balances access with selectivity, providing meaningful cost reductions for lower- and middle-income families while maintaining revenue from higher-income families.
Financial aid concentration toward lower-income tiers supports the institution's ability to enroll economically diverse students despite competitive admissions. The moderate Pell share combined with strong aid targeting suggests effective financial aid policies that extend access beyond the highest-income families while maintaining institutional financial stability.
