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)
$15,852 $49,856
Upper Division Tuition
(55+ credits towards program)
$20,082 $55,828

The 2018-19 tuition rates were approved by the University of Michigan Board of Regents in June 2018. Estimated 2019-20 tuition rates will be posted in July 2019.

Dual-degree programs may take longer and are likely to impact tuition and other fees. All tuition rates are subject to Regents’ approval and change. To view tuition and fee updates, please visit the Office of the Registrar.

Other Costs

In addition to tuition, all BBA students may borrow funds to cover the following approved costs.

(Per Academic Year)

  • Registration Fees: $328
  • Books: $1,048
  • Food and Housing: $11,534
  • Personal Expenses: $2,400
  • Loan Fees: $56

The above cost of attendance budget was finalized by the University of Michigan Regents in June 2018. The estimated 2019 - 2020 cost of attendance budget will be posted in July 2019.

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.

 
 
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