Tuition & Financial Aid

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.

$524.9M

U-M scholarships & fellowships
(2016-2017)

2of3

U-M undergrads receive financial aid.

Tuition

  Michigan Residents Non-Michigan Residents
Lower Division Tuition
(0-54 credits towards program)
$16,166 $51,736
Upper Division Tuition
(55+ credits towards program)
$20,480 $57,932

The 2019 - 2020 tuition rates were approved by the University of Michigan Board of Regents in June 2019. 2020 - 2021 tuition rates will be posted in July 2020. 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.


Fees

Mandatory fees: $164  (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


Cost of Attendance Guidance

Estimated costs for financial aid purposes (Fall 2019 - Winter 2020).

Books & Supplies: $1,048

Food and Housing: $11,996

Personal Expenses (including health insurance): $2,398

Loan Fees: $56

The cost of attendance budget was finalized by the University of Michigan Regents in June 2019. The estimated 2020 - 2021 cost of attendance budget will be posted in July 2020. Actual credits taken will vary by semester.


Tuition Dates & Deadlines

TERM TUITION DUE DATES

Fall 2019: August 31, 2019

Winter 2020: January 8, 2020

Spring, Spring/Summer 2020: April 20, 2020

Summer 2020: June 30, 2020

Fall 2020: August 31, 2020

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

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.  


Ross Scholarships

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 Students

The U.P. Scholars Program is a new donor-funded initiative that offers substantial financial support to students from the Upper Peninsula. Scholars also receive access to peer mentorship, workshops, and leadership development.

U.P. Scholars

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. 

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