Costs & Affordability
It’s no secret that college costs money, and the affordability of each college can be a real factor in your decision-making process. The good news is, Michigan has been ranked in the top 5 of Kiplinger’s list of 100 Best Values in Public Colleges.
In addition, Michigan Engineering is dedicated to giving opportunities to all high-achieving students. Because of that, newly admitted first-year students are automatically considered for one of our engineering scholarships by Michigan Engineering’s scholarship committee.
- Don’t shut the door on your own education. Do not assume that you will not be able to afford the education you want, and don’t limit your options because of money. Go ahead and apply, and wait until later to start worrying about the details.
- Apply early to get the best consideration. Applying right away for admission and financial aid consideration will give you the best chance at landing a competitive scholarship.
- Go for it all. $500 may not sound like much, but that small private scholarship just covered your books for the semester or bought you that hand-held tablet for note taking. Every dollar counts, so apply for all opportunities — big and small.
- The Michigan Guarantee. The University of Michigan guarantees to cover any of the unmet needs of in-state students, but students are encouraged to seek out individual and private scholarships to help out.
Financial Aid Information Links
- The University of Michigan Office of Financial Aid
- The Engineering Scholarship Office
- Frequently Asked Questions about cost and aid
- Steps to getting financial aid
- Types of financial aid available
- Tips on finding private scholarships
- U-M affordability comparison
Cost & Budgeting
The cost of attending college is more than just tuition. It includes fees, room and board, books and supplies, and personal and miscellaneous expenses. Consider that full cost and creative ways you can meet it.
- Get involved. Don’t leave all the tough decisions to your parents. Be a part of the process and find creative solutions. Help plan the future and learn to balance your budget as well.
- Begin planning — and don’t stop. Start saving, and fill out your FAFSA early so you know what to expect every year when the time comes.
- Consider student employment. Many opportunities for part-time student employment are available on campus, some at less than 10 hours a week. Campus tour guides, lab assistants and web designers are just a few of the jobs you can do to help earn a little extra cash.