For the academic year 2025-26, the estimated yearly cost for attending the University of Michigan (UMich) varies depending on the student's classification. For Michigan residents, the tuition and fees for lower division students, which includes first-year and sophomore students, is approximately $18,346. In contrast, upper division students, such as juniors and seniors, can expect to pay around $20,648. In addition to tuition, students should also budget for living expenses, which are estimated at $16,246 for both lower and upper division students. Furthermore, students will need to account for additional costs such as books, course materials, supplies, and equipment, which are estimated at $1,184. Transportation costs are also a consideration, with an estimated expense of $400. Overall, prospective students should prepare for a comprehensive budget that encompasses tuition, living expenses, and other necessary costs to ensure a successful academic experience at UMich.