University of Michigan-Ann ArborScholarships & Financial Aid 2026
Based on Common Data Set 2023-2024 figures
Merit-Based Aid
Average Merit Award
$4,425/yr
Net Price by Family Income
Average annual cost after grants and scholarships, by household income bracket.
Under $30,000$4,926/yr
$30,001 to $48,000$5,389/yr
$48,001 to $75,000$8,756/yr
$75,001 to $110,000$16,042/yr
Over $110,000$26,787/yr
Frequently Asked Questions
Does University of Michigan-Ann Arbor offer merit scholarships?
Yes. Based on CDS data, a portion of incoming freshmen receive merit-based awards with an average of $4,425 per year. Merit aid is awarded based on academic achievement and other criteria independent of financial need.
How much financial aid does University of Michigan-Ann Arbor give?
The average net price for students receiving aid is $14,832 per year. Individual aid packages vary based on financial need and academic profile.