How much financial aid does the University of Michigan give?
Financial Aid Breakdown for Full-time Incoming Freshman
| Aid Type | % Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid | 65% | $21,174 |
| Federal Grants | 17% | $5,521 |
| Pell grants | 17% | $4,903 |
| Other federal grants | 6% | $1,539 |
Does University of Michigan Dearborn offer scholarships?
UM-Dearborn proudly offers thousands of scholarships each year to deserving students. Scholarships are awarded based on academic achievement, leadership, community service, financial need, special talents, or other criteria.
Does University of Michigan require FAFSA?
If you are applying to attend U-M beginning in the fall term, the U-M Office of Financial Aid must receive a valid Free Application for Federal Student Aid (FAFSA), CSS Profile, and all other documents before the deadline of March 31 to consider you for available aid programs.
Does University of Michigan give financial aid to out of state students?
Non-resident students have higher tuition charges because the University of Michigan is a publicly supported state institution and a portion of the cost to Michigan residents is subsidized by the state. Demonstrated, institutional financial aid is available for students and families.
Is U of M worth the money?
Within Michigan, U-M is a Great Quality for a Great Price. University of Michigan – Ann Arbor is ranked #1 out of #42 in Michigan for quality and #1 out of #41 for Michigan value. This makes it a great quality and a great value in the state.
Does the University of Michigan give good financial aid?
63% of Students Get ANY Aid This is 23% LOWER than the average for Public schools, which is 86%. This could be bad news – fewer students getting aid could mean students are paying more at University of Michigan than they would at other similar schools.
How much is U of M Dearborn tuition?
In-state tuition 13,552 USD, Out-of-state tuition 27,520 USD (2019 – 20)University of Michigan-Dearborn / Undergraduate tuition and fees
Does UOFM give scholarships?
At U-M, scholarships are awarded based on several criteria including academic achievement, personal talents, interests, leadership qualities, financial need, or a combination of these. Funding often reflects the university’s commitment to achieving a diverse student body.
Does FAFSA have to be repaid?
The FAFSA is the Free Application for Federal Student Aid. This free application form is used to apply for federal student aid, as well as financial aid from state governments and most colleges and universities. FAFSA is not the financial aid itself, so you do not have to pay it back.
How do I apply for financial aid in Michigan?
To qualify for financial aid; including, Federal aid, State aid, Institutional aid, and many scholarships, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is FREE and can be completed online at www.fafsa.gov.
Is Umich generous with financial aid?
63% of Students Get ANY Aid This is 23% LOWER than the average for Public schools, which is 86%.
Can I afford University of Michigan?
Keep in mind that if your family income is less than $65,000 and assets are below $50,000, University of Michigan will pay full undergraduate tuition and fees for up to four years, as long as you are an in-state student and are earning your first bachelor’s degree.
What is the difference between U of M Ann Arbor and Dearborn?
UM-Ann Arbor has a Carnegie designation as a “very high research activity” doctoral institution. UM-Flint is classified as a doctoral/professional university. UM-Dearborn has a master’s colleges & universities Carnegie classification.
Is U of M Dearborn a good school?
UM Dearborn is an above-average public university located in Dearborn, Michigan in the Detroit Area. It is a mid-size institution with an enrollment of 5,012 undergraduate students. Admissions is somewhat competitive as the UM Dearborn acceptance rate is 62%.
Do you have to pay back financial aid?
Students have to pay back financial aid if it is in the form of a loan, but they do not have to pay back grants, scholarships or money awarded through a work-study program. Students eligible for grants or scholarships should exhaust those options before taking out any loans, experts say.
Can I transfer from University of Michigan Dearborn to Ann Arbor?
Transfer strength: Among students seeking transfer into UM-Ann Arbor, a larger percentage of UM-Flint and UM-Dearborn applicants are accepted as compared to student from other institutions. UM-Flint and UM-Dearborn students are able to transfer a higher percentage of “equivalent course” credits than other institutions.