| Screen last updated on: December 2016 |
The financial aid information below is valid for the 2014 academic year.
|
| Financial aid officer: |
Katherine Allen,
Director of Financial Aid |
| Contacting the office: |
313 593-5300
313 593-5313 (fax)
umd-ask-ofa@umich.edu |
| FAFSA number: |
002326 |
|
| Undergraduate tuition: |
$11,574; $23,790 out-of-state |
| Additional required fees: |
$954 |
| Book fees: |
$1,300 |
| Miscellaneous expenses: |
$3,306 |
| Other expenses: |
Transportation and miscellaneous. |
|
| Required form |
Priority date |
Rolling? |
Closing date |
| FAFSA | March 1 | yes | N/A |
|
| Date award notification begins: |
March 1 |
| Applied for financial aid: |
 | |
| 84% | of first-year students |
| 78% | of full-time undergraduates |
| 72% | of part-time undergraduates |
|
| Determined to have financial need: |
| |
| 78% | of first-year students |
| 86% | of full-time undergraduates |
| 89% | of part-time undergraduates |
|
| Students determined to have financial need who received any financial aid: |
| |
| 99% | of first-year students |
| 100% | of full-time undergraduates |
| 97% | of part-time undergraduates |
|
| Students determined to have financial need who received any need-based gift aid: |
| |
| 91% | of first-year students |
| 84% | of full-time undergraduates |
| 78% | of part-time undergraduates |
|
| Students receiving financial aid who received need-based self-help aid: |
| |
| 86% | of first-year students |
| 92% | of full-time undergraduates |
| 92% | of part-time undergraduates |
|
| Students receiving financial aid who received any non-need-based gift aid: |
| |
| 50% | of first-year students |
| 34% | of full-time undergraduates |
| 15% | of part-time undergraduates |
|
| Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans): |
| |
| 6% | of first-year students |
| 5% | of full-time undergraduates |
| 1% | of part-time undergraduates |
|
| Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans): |
| |
| 67% | for first-year students |
| 54% | for full-time undergraduates |
| 41% | for part-time undergraduates |
|
| Average financial aid package (excluding PLUS loans and private alternative loans): |
| |
| $9,549 | for first-year students |
| $9,502 | for full-time undergraduates |
| $6,729 | for part-time undergraduates |
|
| Average need-based gift award: |
| |
| $6,909 | for first-year students |
| $6,310 | for full-time undergraduates |
| $4,122 | for part-time undergraduates |
|
| Average need-based self-help award (excluding PLUS loans and private alternative loans): |
| |
| $3,605 | for first-year students |
| $4,462 | for full-time undergraduates |
| $3,828 | for part-time undergraduates |
|
| Average need-based loan (excluding PLUS loans and private alternative loans): |
| |
| $2,868 | for first-year students |
| $4,113 | for full-time undergraduates |
| $3,706 | for part-time undergraduates |
|
| Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits): |
| |
| 16% | of first-year students |
| 11% | of full-time undergraduates |
| 3% | of part-time undergraduates |
|
| Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits): |
| |
| $4,338 | for first-year students |
| $5,124 | for full-time undergraduates |
| $4,329 | for part-time undergraduates |
|
| Students who received a non-need-based athletic award: |
| |
| 2% | of first-year students |
| 2% | of full-time undergraduates |
|
| Average non-need-based athletic award: |
| |
| $1,680 | for first-year students |
| $2,066 | for full-time undergraduates |
|
| School participates in Federal Work-Study Program: |
yes |
|
| Types of loans available: |
|
- Direct Subsidized Stafford Loans
- Direct Unsubsidized Stafford Loans
- Direct PLUS Loans
- private/alternative loans.
|
|
| Percent of undergraduates who have borrowed through all loan programs: |
65% |
| Average student debt upon graduation: |
$27,346 |
| Types of payment plans: |
|
- Academic Management Services (AMS)
- school's own payment plan(s)
|
|
| Need-based scholarships/grants available: |
|
- need-based (general)
- Federal Pell Grants
- SEOG
- state scholarships/grants
- college/university scholarships/grants (institutional funds)
- private scholarships/grants
|
|
| Non-need-based scholarships/grants available: |
|
- non-need-based (general)
- state scholarships/grants
- academic merit scholarships/grants
- creative arts/performance
- athletic scholarships
- ROTC scholarships
|
|
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