Take the Next Step
Sign up for Ross Email
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.
Tuition & Financial Aid
$684.8M
U-M scholarships & fellowships
(2019-2020)
2of3
U-M first-year students receive financial aid.
Tuition
| Michigan Residents | Non-Michigan Residents | |
|---|---|---|
| Lower Division Tuition (0-54 credits towards program) |
$16,818 | $53,800 |
| Upper Division Tuition (55+ credits towards program) |
$21,278 | $60,230 |
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.
Fees
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.
Scholarships & Support
A world-class education should be accessible and affordable. That's why we're committed to offering a wide variety of scholarships and aid packages to support your cost of attendance. Learn more about all of the ways we help students fund their education.
Learn more about Michigan Ross programs, updates, and events.