During the last 10 years, the university has increased financial aid by an average rate of 10.4%. Increasing financial aid: The university remains committed to providing financial aid that makes a U-M education accessible for qualified students from all socioeconomic backgrounds. The university continues to increase financial aid funding and aggressively cut operating costs to protect the high quality of the academic experience. What is U-M doing to help defray the high cost of higher education?Ī. The annual appropriation from the state also plays a role in setting tuition and fees. In fact, over the past decade, spending on undergraduate financial aid has increased by an average of 10.4% annually. That means that, for the 13th consecutive year, the increase in financial aid offsets the increase in tuition rates for in-state students with financial need. Accordingly, we have consistently boosted financial aid each year for students with demonstrated need.įor the 2022-23 academic year, the university increased centrally awarded financial aid for undergraduates by 5%. Maintaining the excellence of our educational programs and ensuring access to the university for students from all economic backgrounds are U-M’s top priorities. This includes investing in cutting-edge technologies, hiring leading professors in their fields and providing increasing amounts of financial aid. Through aggressive cost controls and prudent fiscal management, we are committed to maintaining the high standards of the university and to supporting the priorities and initiatives that help prepare students for success. Tuition helps support learning opportunities, quality teaching, undergraduate research experiences and the respected scholarship that make a U-M education one of the best in the world. By contrast, tuition and required fees for 2021-22 were nearly 75% of the General Fund in 1969-70, tuition was 26% of the General Fund.Ī. In the 1969-70 academic year, the state appropriation represented 64% of the General Fund. The state appropriation for the 2021-22 academic year was $322.9 million and provided less than 14% of the General Fund revenues for the year. Since 2001, U-M has become increasingly reliant on tuition to offset a declining share of revenue from the state appropriation, which is lower today than a decade ago. The key reason for increasing tuition is inflation and the long-term decline in state funding. No tuition or tax dollars are used in these areas.Ī. These are all self-funded areas of the university that generate their own funding and pay their own way. Tuition dollars are not used to pay for these areas: That includes instruction, financial aid, academic advising, museums, libraries, computing centers and other services.Ī. Tuition pays for the core academic mission of the university.
What does tuition money pay for at the university?Ī. That said, the most common rate for in-state freshmen starting classes in fall 2022 is $16,736 for tuition and fees for the academic year. About 71% of in-state undergraduates receive some form of financial aid. Another major factor is the amount of financial aid a student may be receiving. The exact tuition rate a student pays varies by the school or college in which the student enrolls, the credit hour load of the student, and the student’s class standing. What is the current cost of tuition at the U-M?Ī.
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More details on how to qualify are available here:.
Student who qualify for the guarantee also may be eligible for additional need-based aid to pay other college expenses. The university’s Board of Regents approved the expansion of the Go Blue Guarantee to the Dearborn and Flint campuses beginning in fall 2021. 1, 2018, on the Ann Arbor campus and also offers varying levels of tuition support for families across a wide spectrum of incomes.
The program – which includes families earning up to what is roughly the state’s median income – launched Jan.
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The “Go Blue Guarantee” is a financial aid program for high-achieving in-state students that offers a guarantee of free tuition for up to four years for students with family income of up to $65,000. Your student can continue to enjoy the facilities and classes offered via Rec Sports by simply logging into their account on the webstore to renew, or emailing the Members Services team at also are available for purchase for continuing students.A. Memberships for Recreational Sports facilities are now available for both semesters. Spring and summer are a great time for your student to stay active and in shape.
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