Gain a better understanding of what it costs to attend U-M (hint: it's more affordable than you might think). Review tuition and other associated student costs, along with information about financial aid.
U-M scholarships & fellowships
U-M first-year students receive financial aid.
|Michigan Residents||Non-Michigan Residents|
|Lower Division Tuition
(0-54 credits towards program)
|Upper Division Tuition
(55+ credits towards program)
The 2021-2022 tuition rates were approved by the University of Michigan Board of Regents in June 2021. 2022-2023 tuition rates will be posted in July 2022. All tuition rates are subject to Regents’ approval and change.
Mandatory fees: $164 (per full term for full-time enrolled students)
International Student Services Fee: $500 per term enrolled for students studying under F or J visa status
Cost of Attendance Guidance
Estimated costs for financial aid purposes (Fall 2021 - Winter 2022).
Books & Supplies: $1,048
Food and Housing: $12,592
Personal Expenses (including health insurance): $2,390
Loan Fees: $64
The cost of attendance budget was finalized by the University of Michigan Regents in June 2021. The estimated 2022-2023 cost of attendance budget will be posted in July 2022. Actual credits taken will vary by semester.
Tuition Dates & Deadlines
TERM TUITION DUE DATES
Fall 2021: August 31, 2021
Winter 2022: January 31, 2022
Spring 2022: April 30, 2022
Spring/Summer 2022: April 30, 2022
Summer 2022: June 30, 2022
Due dates are subject to change - see finance.umich.edu/finops/student/billing
Bills are sent approximately two weeks prior to the due date. You must be enrolled in a term to be billed for tuition and fees.
The Ross School of Business Office of Financial Aid is a satellite office of the central University of Michigan Office of Financial Aid. The office assists with all aspects of financial aid, from initial application to entering loan repayment.