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.
U-M scholarships & fellowships
U-M first-year students receive financial aid.
|Michigan Residents||Non-Michigan Residents|
|Lower Division Tuition
(0-54 credits towards program)
|Upper Division Tuition
(55+ credits towards program)
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
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.