$5,564

Avg. Federal Grant

$5,915

Avg. Federal Loan

$26,834,861

Total Aid Awarded

University of Michigan - Flint Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$26.835M

Financial Aid Official Website

www.umflint.edu/finaid/

Such schemes include Alan and Janette Blackburn Scholarship, Arenac County Scholarship, Art and Helen Nickless Scholarship, and Auburn Jaycees Education Scholarship. Notably, 96% of the students at University of Michigan-Flint get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $21,551,152. The total percentage of candidates applying to University of Michigan-Flint who receive the Federal Grant is 52%. On the other hand, 87% of the candidates get the Student Grant, 76% receive the Institution Grant, and 52% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,648, and the same stands at $911 for State Grant awardees and $5,107 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,998. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UMF, an estimated number of 53% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

46%

Institution Grant Aid

76%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$5,564

State Grant Aid

$772

Institution Grant Aid

$5,315

Pell Grant

$5,263

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,503

$30,001 - $48,000

$11,332

$48,001 - $75,000

$7,465

$75,001 - $110,000

$3,449

Over $110,000

$2,988

Student Loans for University of Michigan - Flint

Average Loan Amount Average Loan Amount received per year.

$6,123/Year

Students Taking Out Loans

53%

Loan Default Rate

6%

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