University of Michigan- Ann Arbor - Financial Aid
Financial Aid Forms | Scholarships & Grants | Loans
Financial Aid
Most colleges set their own financial aid deadlines and due dates.
In addition, colleges have different forms and criteria
to qualify for financial aid. The following information
should help you get a general idea of the procedures and forms
used by this college.
For more specific facts and figures, consult financial aid bulletins
from the college.
Financial Aid Form Deadlines
| Form | Priority Filing Date | Application Closing Date |
|---|
| FAFSA |
February 1 |
September 29 |
| Income Tax |
February 1 |
September 29 |
Notification of Awards is March 15.
Student Population
Of all full-time matriculated undergraduates who enrolled, 11147 applied for aid, 8360 were judged to have need, 7524 had their need fully met. 5721 Federal Work-Study jobs (averaging $1940). 1122 State and other part-time jobs (averaging $2498)
, 4931 non-need-based awards were made
Average percent of need met: 90%
A List of Available Scholarships & Grants
- Pell Grants(BEOG)
- SEOG
- Federal Nursing Student Scholarships(NSS)
- State Scholarships
- State Grants
- College/University Scholarships
- College/University Grants
- Private Scholarships
- Private Grants
- ROTC
- Academic Merit Scholarships
- Athletic Scholarships
Who Receives Scholarships/Grants?
- 45% of undergraduate students applied for aid and received scholarships or grants.
- 35% of undergraduate class received scholarships or grants.
- 30% of the enrolled freshmen received scholarships or grants.
Average Amount and Number of Scholarships and Grants
- Average amount of each freshmen scholarships and grants: $5865
- Average number of athletic scholarships and grants: 366
- Average amount of each athletic scholarship or grant: $15700
- Individual scholarships range from $100 to $25000
- $43350000 in scholarships are awarded each year.
Loans Available to Undergraduate Students
- Perkins
- PLUS
- Stafford
- Federal Nursing Student Loans(NSL)
- Health Professions Loans
- State Loans
- College University Loans
- Private Loans
- Federal Direct Student Loans (FDSL)
- Unsubsidized Stafford Loans
Payment Plans Offered to Undergraduate Students
- Tuition Plan Inc.
- Education Plan Inc.
- Knight Tuition Plans
- Academic Management Services(AMS)
- EFI Fund Management
- Tuition Management Systems
- Deferred Payment Plan
- Family Tuition Reduction(tuition reduction for simultaneously enrolled family members)
- Guaranteed Tuition(tuition does not change during student's consecutive enrollment)
- School's own payment plan(s)
- Other: Select Billing.
Who Receives Loans & How Much?
- 95% of undergraduate students who applied for aid received loans.
- 55% of all undergraduate students received loans.
- 55% of all enrolled freshmen received loans.
- The amounts of individual loans per year range from $25 to $10500.
- Total amount of all loans granted per year: $47000000.
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