$5,600

Avg. Federal Grant

$5,260

Avg. Federal Loan

$34,705,136

Total Aid Awarded

University of Michigan - Dearborn Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$34.705M

Financial Aid Official Website

https://umdearborn.edu/financialaid/

Such schemes include Alan and Janette Blackburn Scholarship, Arenac County Scholarship, Art and Helen Nickless Scholarship, and Auburn Jaycees Education Scholarship. It is interesting to note that, every year, around 96% of students at UMD receive some kind of financial aid, while the total amount of assistance/loans provided is $31,398,447. The total percentage of candidates applying to University of Michigan-Dearborn who receive the Federal Grant is 40%. Meanwhile, 85% of the applicants receive the Student Grant and 81% are awarded the Institution Grant, while 40% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,327, the State Grant receivers and Institution Grant beneficiaries get $994 and $7,873, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,945. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At UMD, an estimated number of 87% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

9%

Institution Grant Aid

82%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,600

State Grant Aid

$784

Institution Grant Aid

$6,877

Pell Grant

$5,178

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,060

$30,001 - $48,000

$11,317

$48,001 - $75,000

$7,896

$75,001 - $110,000

$6,235

Over $110,000

$4,488

Student Loans for University of Michigan - Dearborn

Average Loan Amount Average Loan Amount received per year.

$5,373/Year

Students Taking Out Loans

87%

Loan Default Rate

5.9%

Other Colleges In Michigan

Other Colleges In Dearborn

Henry Ford College
Henry Ford College

Dearborn, Michigan