I'm a Michigan resident eyeing UMich for college. Does anyone have a detailed breakdown of the in-state tuition at UMich? Are there separate costs I should be aware of? I'm trying to see if I can afford it without too much debt, so any info helps, thanks.
The cost of attendance at the University of Michigan (UMich) incorporates several elements, which together make up the estimated budget for your academic year. Here are the components:
1. Tuition and Fees - Currently, the in-state undergraduate tuition for lower division students (freshmen and sophomores) averages about $17,736 per academic year, while upper division students (juniors and seniors) pay around $19,960.
2. Room and Board - On-campus housing and meal plans estimates are about $15,328 on average, but this can vary depending on your choice of residence hall and meal plan.
3. Books and Supplies - UMich estimates approximately $1,158 for books and supplies each year. This figure might vary depending on your intended major and courses.
4. Personal and Miscellaneous - This category includes costs such as personal hygiene items, clothing, recreation, etc. The university budgets around $2,310 per year for these expenditures.
5. Travel - This is estimated to be around $400, given that you're presumably closer to home and would hence incur less expense traveling to and from the university.
To summarize, that's an approximate total of $36,932 - $39,156 for an in-state student per academic year. These are just estimates and your individual costs may be a bit more or less.
At the same time, keep in mind the possibility of financial aid and scholarships to offset these costs. UMich offers various types of aid, including grants, work-study, and loans. You'd need to fill out the FAFSA (Free Application for Federal Student Aid) to be eligible for most types of aid. Remember, the earlier you fill it out, the more aid you could potentially receive, as some aid is awarded on a first-come, first-served basis.
Remember this is a general estimate and costs may fluctuate, so it's a good idea to regularly check UMich’s website for the most accurate and up-to-date information.
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