by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Discover the financial aid possibilities at UM Dearborn and learn what assistance you might qualify for by continuing to read.
$8,599.00 is the typical University of Michigan - Dearborn’s first year financial aid package. 92% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at University of Michigan - Dearborn.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by University of Michigan - Dearborn.
84% of new students (819 total) were given scholarships at University of Michigan - Dearborn, averaging $7,028.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 43% of first-year students (422 total) got a federal grant, for about $5,325.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.79% | $12,396.00 |
| Income 30k-48k | 8.79% | $11,044.00 |
| Income 48k-75k | 9.41% | $9,111.00 |
| Income 75k-110k | 6.24% | $4,312.00 |
| Income 110k + | 7.87% | $3,283.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
92% of the 978 undergraduates at University of Michigan - Dearborn receive some sort of grant aid. This is a total of about 844 students getting an average of $8,599.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.