Tuition & Financial Aid

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.

$524.9M

U-M scholarships & fellowships
(2016-2017)

2of3

U-M first-year students receive financial aid.

Tuition

  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.


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


Cost of Attendance Guidance

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.


Tuition Dates & Deadlines

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.

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.    

Affording Your BBA

Learn more about Michigan Ross programs, updates, and events.
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