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.

$684.8M

U-M scholarships & fellowships
(2019-2020)

2of3

U-M first-year students receive financial aid.

Tuition

  Michigan Residents Non-Michigan Residents/International
Lower Division Tuition
(0-54 credits towards program)
$17,404 $55,934
Upper Division Tuition
(55+ credits towards program)
$22,018 $55,934

The 2022-2023 tuition rates were approved by the University of Michigan Board of Regents in June 2022. 2023-2024 tuition rates will be posted in July 2023. All tuition rates are subject to Regents’ approval and change.


Fees

Mandatory fees: $166.19  (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: $1,092

Food and Housing: $13,170

Personal Expenses (including health insurance): $2,494

Loan Fees: $64

The cost of attendance budget was finalized by the University of Michigan Regents in June 2022. The estimated 2023-2024 cost of attendance budget will be posted in July 2023. Actual credits taken will vary by semester.


Tuition Dates & Deadlines

TERM TUITION DUE DATES

Fall 2022: August 31, 2022 

Winter 2023: January 4, 2023

 

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.    

Affording Your BBA

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