Tuition and Costs
For more information, visit the Financial Aid section of this website, or go to Financial Aid’s website.
2007–2008 Fall/Winter (September–April)
TUITION & FEES:
| Michigan Residents (In-State) |
|||
| Fr/So* | Jr/Sr** | Grad*** | |
| Tuition & Fees | $10,448 | $11,776 | $15,892 |
| Room & Board | $8,190 | $8,190 | $10,884 |
| Books & Supplies | $1,020 | $1,020 | $1,160 |
| Personal & Miscellaneous |
$2,000 | $2,000 | $3,936 |
| Total Budget | $21,658 | $22,986 | $31,872 |
| * Fr/So = Cost per year for freshmen and sophomores ** Jr/Sr = Cost per year for juniors and seniors *** Grad = Cost per year for graduate students |
|||
Please note: These are estimated tuition and fees for 2007–2008. Rates listed are based on a full-time credit hour load, defined by the University as 12–18 credit hours per term for undergraduate students. Students who elect fewer than 12 credit hours are charged on a per-credit-hour basis. If you elect more than 18 hours you must also pay for the additional credit hours.
Tuition and fees may be higher or lower, depending on a student’s program of study. Current full- and part-time tuition and fees for all U-M schools and colleges are available from the Office of the Registrar.
For residency questions, contact the Office of the Registrar. Also see Student Financial Operations for information on payment schedules and installment payment plans.
SCHOLARSHIPS
There are many scholarship opportunities available for transfer students. You can read the full list of scholarships on the Financial Aid scholarships web page.
There are also a number of private scholarship opportunities available, offered by variety of corporate, professional, trade, government, civic, religious, social, and fraternal organizations. These scholarships range from small honoraria to thousands of dollars. See the Private Scholarship Search page for more information.
One thing to remember about any scholarship: it’s never too early to start researching what’s out there!
ROOM & BOARD
A detailed schedule of room and board options and rates is available from the University of Michigan Housing Information Office.
Housing costs can vary significantly based on the living arrangements you select. University residence halls offer a variety of room types and meal plans. The Office of Financial Aid uses the standard “double occupancy” rate in the budget to determine aid eligibility. However, you could pay as much as $10,692 for a single room or as little as $6,580 for an economy triple (both estimated rates include the standard meal contract).
Off-Campus Housing: The Ann Arbor community offers many options for living arrangements. The financial aid budget allows up to an estimated $1,028 per month for undergraduates for rent, utilities, and food. We suggest you evaluate carefully the costs you might incur by living off-campus.
Commuting: If you can live at home and commute to campus you will reduce your room and board costs significantly. The allowance for room and board in the financial aid budget for commuting students is $2,264 for the academic year to acknowledge ongoing family household expenses (food, utilities, etc.), and transportation costs.
BOOKS & SUPPLIES
Costs vary by program, course load, and classes selected. Book and supply costs for students in the School of Art and Design, Architecture and Urban Planning, Dental Hygiene, and Business Administration are typically higher than the estimates listed here. You can get exact figures by contacting the Office of Financial Aid. You may be able to reduce your costs significantly by buying used books and by using the university’s extensive library and reserve book system.
PERSONAL & MISCELLANEOUS
This category represents every other student expense—transportation, meals not covered under the standard meal contract, long-distance phone calls, clothes, personal hygiene, entertainment, etc. It is the most variable and personal component of anyone’s budget.
The financial aid budget allows about $62 per week. Personal spending can make or break a college budget! The most important thing is to set yourself an allowance, keep track of your expenses, and stick to your budget. Keep in mind: If you live off-campus, you may save money by having roommates. The “four Cs”—cars, clothes, credit cards, and calls—can bust your budget!
