Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

University of Michigan Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


Among them are scholarship programs such as Alan and Janette Blackburn Scholarship, Arenac County Scholarship, Art and Helen Nickless Scholarship, and Auburn Jaycees Education Scholarship. As many as 65% of the students at UMAA get some sort of financial aid, and the total amount of assistance/loans provided is more than $52,900,475 in a year. For additional information about financial assistance schemes, one can head over to UMAA’s financial aid page at http://www.finaid.umich.edu. At UMAA, the total percentage of applicants who receive the Federal Grant stands at 17%. In comparison, 52% of the students are awarded the Student Grant, 52% get the Institution Grant, and 17% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,521, and the same stands at $1,008 for State Grant awardees and $17,962 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,903. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 30% of the applicants to University of Michigan-Ann Arbor opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for University of Michigan

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


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