Chapter 3 highlights
Undergraduate Affordability
Keeping a World-Class Education Within Reach
One of the University of Michigan’s goals is to enable all qualified undergraduate students to attend regardless of socioeconomic background. For many years, the U-M has provided financial aid packages that meet the full cost of tuition for admitted in-state students with demonstrated need. In 2017 the university enhanced this commitment with the Go Blue Guarantee, a pledge to provide the full cost of tuition to admitted in-state students based on family income and assets. For Fall 2025, Michigan families with incomes $125,000 and under & assets below $125,000 will qualify. The university’s substantial investments in student aid is also supplemented by federal and state grants, scholarships, and loans.
commitment to affordability
U-M has the most comprehensive need-based program for Michigan residents among the 15 Michigan 4-Year public universities, with the lowest net price for students whose families earn $75k or less and the 3rd lowest net price for students whose families earn $75k-$110k.
reducing student debt
68%
of in-state undergraduate students graduated without student loan debt in 2024
Generous Institutional aid
U-M offers substantial need-based and merit-based aid packages
The university disbursed more than $352 million in financial aid to undergraduate students in academic year 2023-24
Learn more about aid expendituresThe percentage of undergraduates with debt at graduation has decreased over the past decade
,Borrowed Student Loans,Did Not Borrow 2015,44,56 2016,44,56 2017,41,59 2018,37,63 2019,38,62 2020,37,63 2021,36,64 2022,35,65 2023,34,66 2024,32,68