Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 16,372, which is 54.56 % of all undergraduate students. 8,766 students which is 29.56% of undergraduate students received federal student loans and the average loan amount is $6,131.

For full-time, first-time beginning students (freshmen), 53.78% of students received grants or scholarships and 29% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at University of Michigan-Ann Arbor since 2013.

For that period, the average number of students who received grants aid/scholarships is 16,372, which is 54.56 % of all undergraduate students. 8,766 students which is 29.56% of undergraduate students received federal student loans and the average loan amount is $6,131.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1414,427 (51%)$14,6714,439 (16%)$4,2639,673 (34%)$5,726
2014-1514,466 (51%)$15,5654,368 (15%)$4,2879,093 (32%)$6,026
2015-1614,345 (51%)$16,8424,296 (15%)$4,3398,462 (30%)$5,983
2016-1715,069 (52%)$18,1934,448 (15%)$4,4748,437 (29%)$6,151
2017-1815,229 (51%)$19,7284,849 (16%)$4,7658,933 (30%)$6,533
2018-1915,657 (52%)$21,1745,200 (17%)$4,9038,688 (29%)$6,089
2019-2016,629 (53%)$22,0215,663 (18%)$5,1028,978 (29%)$6,092
2020-2118,887 (60%)$19,3255,703 (18%)$5,1078,339 (27%)$6,219
2021-2222,636 (70%)$16,5995,697 (18%)$5,2058,288 (26%)$6,360
Average16,372 (54.56%)$18,2354,963 (16.44%)$4,7168,766 (29.56%)$6,131
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 3,585 (53.78 % of students) received grants or scholarships and its average amount is $17,417. It can cover 28.98% of tuition & fees ($60,107) based on out-of-state rate.

In addition, 1,904 (28.89 % of students) students get helped from the students loans (average amount : $7,226).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,022 (49%)$13,9832,029 (33%)$6,171
2014-153,094 (48%)$15,2111,848 (29%)$6,753
2015-163,039 (50%)$16,8651,732 (29%)$6,950
2016-173,505 (53%)$18,7511,951 (29%)$6,965
2017-183,426 (50%)$19,3232,153 (32%)$7,099
2018-193,493 (52%)$19,7282,002 (30%)$7,305
2019-203,803 (56%)$21,4441,939 (28%)$7,324
2020-214,059 (59%)$16,3261,691 (25%)$7,993
2021-224,824 (67%)$15,1211,793 (25%)$8,470
Average3,585 (53.78%)$17,4171,904 (28.89%)$7,226
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 1,058 (15.78 % of students) received Pell (federal) grants and its average amount is $4,873.

In addition, 795 students received State/local government grants/scholarships (11.89 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14864 (14%)$4,244341 (6%)$2,255918 (15%)$7152,917 (47%)$12,741
2014-15870 (13%)$4,516370 (6%)$2,192725 (11%)$7153,030 (47%)$13,796
2015-16891 (15%)$4,518401 (7%)$1,863690 (11%)$7142,984 (49%)$15,411
2016-171,100 (16%)$4,668402 (6%)$1,977893 (13%)$6563,427 (51%)$17,277
2017-181,033 (15%)$4,860316 (5%)$1,855844 (12%)$1,0683,343 (49%)$17,856
2018-191,142 (17%)$5,067369 (6%)$1,539867 (13%)$1,0083,434 (52%)$17,962
2019-201,350 (20%)$5,272895 (13%)$1,450833 (12%)$1,0633,661 (54%)$19,736
2020-211,082 (16%)$5,3472,007 (29%)$1,814756 (11%)$1,0303,566 (52%)$15,721
2021-221,189 (16%)$5,3633,036 (42%)$1,952625 (9%)$1,0033,492 (48%)$17,186
Average1,058 (15.78%)$4,873904 (13.33%)$1,877795 (11.89%)$8863,317 (49.89%)$16,410
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,904 (28.89 % of students) get any students loan help and its average loan amount is $1,904.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-142,029 (33%)$6,1711,994 (32%)$4,645206 (3%)$15,827
2014-151,848 (29%)$6,7531,807 (28%)$4,928200 (3%)$17,871
2015-161,732 (29%)$6,9501,689 (28%)$5,028199 (3%)$17,817
2016-171,951 (29%)$6,9651,907 (29%)$5,257176 (3%)$20,251
2017-182,153 (32%)$7,0992,118 (31%)$5,342209 (3%)$18,990
2018-192,002 (30%)$7,3051,970 (30%)$5,249216 (3%)$19,833
2019-201,939 (28%)$7,3241,907 (28%)$5,233207 (3%)$20,402
2020-211,691 (25%)$7,9931,638 (24%)$5,311221 (3%)$21,796
2021-221,793 (25%)$8,4701,745 (24%)$5,288253 (3%)$23,551
Average1,904 (28.89%)$7,2261,864 (28.22%)$5,142210 (3.00%)$19,593

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