Think you can’t afford Michigan Ross? Think again. Once you factor in generous aid packages, U-M often costs less than smaller colleges. Our students represent a wide range of income levels — showing our dedication to making education accessible to everyone.
U-M scholarships & fellowships
(2016-2017)
U-M first-year students receive financial aid.
| Michigan Residents | Non-Michigan Residents | |
|---|---|---|
| Lower Division Tuition (0-54 credits towards program) |
$16,474 | $52,718 |
| Upper Division Tuition (55+ credits towards program) |
$20,870 | $59,032 |
The 2020 - 2021 tuition rates were approved by the University of Michigan Board of Regents in June 2020. 2021 - 2022 tuition rates will be posted in July 2021. All tuition rates are subject to Regents’ approval and change.
Dual-degree programs may take longer and are likely to impact tuition and other fees.
Mandatory fees: $214 (per full semester for full-time enrolled students)
International Student Services Fee: $500 per semester enrolled for students studying under F or J visa status
Estimated costs for financial aid purposes (Fall 2020 - Winter 2021).
Books & Supplies: $1,048
Food and Housing: $12,034
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 2020. The estimated 2021 - 2022 cost of attendance budget will be posted in July 2021. Actual credits taken will vary by semester.
TERM TUITION DUE DATES
Fall 2020: August 31, 2020
Winter 2021: January 19, 2021*
Spring, Spring/Summer 2021: April 30, 2021
Summer 2021: June 30, 2021
Fall 2020: August 31, 2021
*Winter 2021 due date may be 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.
Financial aid comes in forms of grants and scholarships that are not repaid, loans that must be repaid, or federal Work-Study awards, which allow you to earn a paycheck while attending college. If you think you will need financial help to attend the University of Michigan, we encourage you apply for financial aid by completing a Free Application for Federal Student Aid (FAFSA) (each year) and CSS Financial Aid PROFILE (during your first year only) before March 31st.
The FAFSA and CSS Financial Aid PROFILE will be used to consider the student for all need-based federal and institutional aid, such as the Go Blue Guarantee. Financial aid is provided through the University of Michigan Office of Financial Aid, which offers many publications to help answer your questions. For questions regarding BBA financial aid, please contact the University of Michigan Central Financial Aid Office at financial.aid@umich.edu or 734-763-6600.
All incoming BBA students are automatically considered for scholarships — there is no separate scholarship application. However, you can complete My Scholarship Profile on Wolverine Access. This does not guarantee that you qualify for specific scholarships, but it ensures that you will be considered.
Ross scholarship selections are based on criteria set by our donors and average around $5,000. Many scholarships are need-based, so we encourage U.S. citizens and permanent residents to complete the Free Application for Federal Student Aid (FAFSA) studentaid.ed.gov/sa/.
The Ross Financial Aid office posts scholarship opportunities throughout the year. Targeted email notifications will be sent to students when scholarship opportunities are available.
For additional information or questions regarding BBA scholarships, please contact the Ross Financial Aid Office at rossfinaid@umich.edu.
U.P. Scholars: For Superior StudentsThe 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.
