How UM-Ann Arbor's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at University of Michigan-Ann Arbor since 2011.

For that period, the average number of students who received grants aid/scholarships is 15,971, which is 53.91 % of all undergraduate students. 9,056 students which is 31.00% of undergraduate students received federal student loans and the average loan amount is $6,273.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	14,047 (51%)	$13,542	4,473 (16%)	$4,036	10,467 (38%)	$7,025
2012-13	14,292 (51%)	$13,992	4,392 (16%)	$4,179	10,253 (37%)	$6,803
2013-14	14,427 (51%)	$14,671	4,439 (16%)	$4,263	9,673 (34%)	$5,726
2014-15	14,466 (51%)	$15,565	4,368 (15%)	$4,287	9,093 (32%)	$6,026
2015-16	14,345 (51%)	$16,842	4,296 (15%)	$4,339	8,462 (30%)	$5,983
2016-17	15,069 (52%)	$18,193	4,448 (15%)	$4,474	8,437 (29%)	$6,151
2017-18	15,229 (51%)	$19,728	4,849 (16%)	$4,765	8,933 (30%)	$6,533
2018-19	15,657 (52%)	$21,174	5,200 (17%)	$4,903	8,688 (29%)	$6,089
2019-20	16,629 (53%)	$22,021	5,663 (18%)	$5,102	8,978 (29%)	$6,092
2020-21	18,887 (60%)	$19,325	5,703 (18%)	$5,107	8,339 (27%)	$6,219
2021-22	22,636 (70%)	$16,599	5,697 (18%)	$5,205	8,288 (26%)	$6,360
Average	15,971 (53.91%)	$17,423	4,866 (16.36%)	$4,605	9,056 (31.00%)	$6,273

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

Overview

For the last 12 years, on average, 3,473 (52.73 % of students) received grants or scholarships and its average amount is $16,682. It can cover 28.73% of tuition & fees ($58,072) based on out-of-state rate.

In addition, 1,970 (30.27 % of students) students get helped from the students loans (average amount : $7,171).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	3,051 (49%)	$13,178	2,324 (37%)	$6,793
2012-13	2,888 (47%)	$13,575	2,212 (36%)	$7,059
2013-14	3,022 (49%)	$13,983	2,029 (33%)	$6,171
2014-15	3,094 (48%)	$15,211	1,848 (29%)	$6,753
2015-16	3,039 (50%)	$16,865	1,732 (29%)	$6,950
2016-17	3,505 (53%)	$18,751	1,951 (29%)	$6,965
2017-18	3,426 (50%)	$19,323	2,153 (32%)	$7,099
2018-19	3,493 (52%)	$19,728	2,002 (30%)	$7,305
2019-20	3,803 (56%)	$21,444	1,939 (28%)	$7,324
2020-21	4,059 (59%)	$16,326	1,691 (25%)	$7,993
2021-22	4,824 (67%)	$15,121	1,793 (25%)	$8,470
Average	3,473 (52.73%)	$16,682	1,970 (30.27%)	$7,171

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 1,034 (15.64 % of students) received Pell (federal) grants and its average amount is $4,754.

In addition, 796 students received State/local government grants/scholarships (12.09 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	980 (16%)	$4,147	442 (7%)	$1,898	782 (13%)	$768	2,965 (48%)	$11,704
2012-13	873 (14%)	$4,294	373 (6%)	$2,017	820 (13%)	$728	2,788 (46%)	$12,233
2013-14	864 (14%)	$4,244	341 (6%)	$2,255	918 (15%)	$715	2,917 (47%)	$12,741
2014-15	870 (13%)	$4,516	370 (6%)	$2,192	725 (11%)	$715	3,030 (47%)	$13,796
2015-16	891 (15%)	$4,518	401 (7%)	$1,863	690 (11%)	$714	2,984 (49%)	$15,411
2016-17	1,100 (16%)	$4,668	402 (6%)	$1,977	893 (13%)	$656	3,427 (51%)	$17,277
2017-18	1,033 (15%)	$4,860	316 (5%)	$1,855	844 (12%)	$1,068	3,343 (49%)	$17,856
2018-19	1,142 (17%)	$5,067	369 (6%)	$1,539	867 (13%)	$1,008	3,434 (52%)	$17,962
2019-20	1,350 (20%)	$5,272	895 (13%)	$1,450	833 (12%)	$1,063	3,661 (54%)	$19,736
2020-21	1,082 (16%)	$5,347	2,007 (29%)	$1,814	756 (11%)	$1,030	3,566 (52%)	$15,721
2021-22	1,189 (16%)	$5,363	3,036 (42%)	$1,952	625 (9%)	$1,003	3,492 (48%)	$17,186
Average	1,034 (15.64%)	$4,754	814 (12.09%)	$1,892	796 (12.09%)	$861	3,237 (49.36%)	$15,602

^*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..

Student Loans

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 12 years, on average, 1,970 (30.27 % of students) get any students loan help and its average loan amount is $1,970.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	2,324 (37%)	$6,793	2,306 (37%)	$5,638	193 (3%)	$14,428
2012-13	2,212 (36%)	$7,059	2,192 (36%)	$5,603	211 (3%)	$15,794
2013-14	2,029 (33%)	$6,171	1,994 (32%)	$4,645	206 (3%)	$15,827
2014-15	1,848 (29%)	$6,753	1,807 (28%)	$4,928	200 (3%)	$17,871
2015-16	1,732 (29%)	$6,950	1,689 (28%)	$5,028	199 (3%)	$17,817
2016-17	1,951 (29%)	$6,965	1,907 (29%)	$5,257	176 (3%)	$20,251
2017-18	2,153 (32%)	$7,099	2,118 (31%)	$5,342	209 (3%)	$18,990
2018-19	2,002 (30%)	$7,305	1,970 (30%)	$5,249	216 (3%)	$19,833
2019-20	1,939 (28%)	$7,324	1,907 (28%)	$5,233	207 (3%)	$20,402
2020-21	1,691 (25%)	$7,993	1,638 (24%)	$5,311	221 (3%)	$21,796
2021-22	1,793 (25%)	$8,470	1,745 (24%)	$5,288	253 (3%)	$23,551
Average	1,970 (30.27%)	$7,171	1,934 (29.73%)	$5,229	208 (3.00%)	$18,778

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Scholarships, Grants, and Loan Trends at UM-Ann Arbor

All Undergraduate Students Financial Aid Over Time

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