How much money does UMICH give?

The University of Michigan, Ann Arbor, provides substantial financial support to its first-year students through need-based scholarships and grants. In the fall of 2022, the average amount awarded to these students was approximately $24,692. This financial assistance is crucial for many students, as it helps to alleviate the burden of tuition and other educational expenses. Notably, around 38% of first-year students benefited from need-based financial aid, indicating that a significant portion of the incoming class relies on this support to make their education more affordable. The university's commitment to providing financial aid reflects its dedication to ensuring that students from diverse economic backgrounds have access to quality education and resources necessary for their academic success.