News Story

Thanks to robust need-based aid and the Go Blue Guarantee, the state’s most prestigious university is also one of its most affordable, often costing less out of pocket than most other public universities in Michigan.

When comparing the net price — the average out-of-pocket amount a family pays for a student’s first year after grant and scholarship aid is applied — the University of Michigan-Ann Arbor offers either the lowest cost or the second lowest cost among 15 public institutions in Michigan for the majority of Michiganders.

Because U-M pledges to meet the full demonstrated need for in-state undergraduate students, the university helps ensure that Michigan families have access to a  world-class education, regardless of family income.

The Go Blue Guarantee, U-M’s signature aid program, provides free tuition for Michigan families with annual incomes up to $125,000 and assets of no more than $125,000. Tuition is one part of the total cost of attendance. U-M’s comprehensive need-based financial aid also provides resources to help cover the cost of room and board for students whose need extends beyond tuition.

While the sticker price for the cost of attendance at UM-Ann Arbor is higher than other Michigan public universities, the net price (full cost of attendance minus grant and scholarship financial aid) is the lowest in the state for Michigan families with annual incomes below $48,000.

And for families with incomes between $75,001 and $110,000, UM-Ann Arbor remains accessible with an average net price below $11,000 a year. In that income bracket, only UM-Flint is more affordable, with an average net price below $10,000.