All Undergraduate Students Financial Aid Over Time

Next table and chart show the trends of financial aid for all undergraduate student at University of Michigan-Ann Arbor since 2018. For that period, the average number of students who received grants aid/scholarships is 14,457 (51.13 % of all undergraduate students) and 9,462 (33.50 % of all undergraduate students) students received the federal student loans (average loan amount : $6,376).
TableChart
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2010-1113,784 (51%)$13,4934,436 (16%)$4,38510,378 (38%)$6,763
2011-1214,047 (51%)$13,5424,473 (16%)$4,03610,467 (38%)$7,025
2012-1314,292 (51%)$13,9924,392 (16%)$4,17910,253 (37%)$6,803
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
Average14,457 (51.13%)$15,7534,463 (15.63%)$4,3419,462 (33.50%)$6,376
All Undergraduate Students Financial Aid Over Time of University of Michigan-Ann Arbor
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentile of number of students receiving aids among all undergraduate students..

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

OverviewGrants/ScholarshipStudent Loans
For last 8 years, in average, 3,145 (49.38 % of students) received grants or scholarships and its average amount is $15,461. In addition, 2,081 (32.75 % of students) students get helped from the students loans (average amount : $6,787).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2010-113,136 (49%)$12,8002,397 (37%)$6,502
2011-123,051 (49%)$13,1782,324 (37%)$6,793
2012-132,888 (47%)$13,5752,212 (36%)$7,059
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
Average3,145 (49.38%)$15,4612,081 (32.75%)$6,787
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentile of number of students receiving aids among all undergraduate students.
Next table shows the trends of grants or scholarships over time. For last 8 years, in average, 947 (14.75 % of students) received Pell (federal) grants and its average amount is $4,455. In addition, 820 students received State/local government grants/scholarships (12.75 % 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
2010-11961 (15%)$4,3911,073 (17%)$2,524885 (14%)$6703,006 (47%)$10,851
2011-12980 (16%)$4,147442 (7%)$1,898782 (13%)$7682,965 (48%)$11,704
2012-13873 (14%)$4,294373 (6%)$2,017820 (13%)$7282,788 (46%)$12,233
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
Average947 (14.75%)$4,455465 (7.50%)$2,073820 (12.75%)$7543,058 (48.00%)$13,984
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentile of number of students receiving aids among all undergraduate students..
Next table describes number of students and average amount of loans by loan type. Next table shows the trends of grants or scholarships over time. For last 8 years, in average, 2,081 (32.75 % of students) get any students loan help and its average loan amount is $2,081.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2010-112,397 (37%)$6,5022,379 (37%)$5,380213 (3%)$13,075
2011-122,324 (37%)$6,7932,306 (37%)$5,638193 (3%)$14,428
2012-132,212 (36%)$7,0592,192 (36%)$5,603211 (3%)$15,794
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
Average2,081 (32.75%)$6,7872,049 (32.25%)$5,228201 (3.00%)$16,757

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