As for the net cost for attending UM, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. So, it all essentially depends on the family income bracket of the student. At UM, the average net price is estimated to be around $18,002. For students with a family income below $30,000, the estimated net price is $13,989, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $14,458. The amount stands at $17,218 for an annual income between $48,001 and $75,000, $20,312 for the $75,001-$110,000 income bracket, and $20,987 for a family income above $110,000.