Payback
EarningsPlus
Economic score
University of Michigan, Ann Arbor is a public national university located in Ann Arbor, Michigan. Michigan is very selective in their admissions.
Return on educational investment at Michigan is in the top 5% of all ranked schools. The median student earns $75,842 10 years after enrolling, 2nd in Michigan, and in the top 5% nationally. When adjusted for earning differences by major, Michigan bachelor students earn 20% more than the national average. Michigan is ranked 1st in Michigan.
University of Michigan, Ann Arbor’s median net annual cost of $14,878 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Michigan sorted by number of graduates - Computer and Information Sciences, Research&Experimental Psych, Business Administration, Economics, Mechanical Engineering, Health & Fitness - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$14,878
Average years to graduate
4.3
Mathematics
Rank: #11
Economic score: 0.69
Computer Systems Analysis
Rank: #3
Economic score: 0.79
Industrial Engineering
Rank: #4
Economic score: 0.97
Comms & Media Studies
Rank: #8
Economic score: 1.46
Nursing
Rank: #145
Economic score: 1.65
Poli Sci/Government
Rank: #17
Economic score: 1.79
International studies
Rank: #6
Economic score: 2.44
Neurobiology & Neurosciences
Rank: #18
Economic score: 5.74
Biochemistry, Biophysics and Molecular Biology
Rank: #73
Economic score: 8.53
Biology
Rank: #461
Economic score: 11.33
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 6 graduate programs at Michigan - Business Administration, Social Work, Computer Systems Analysis, Natural Resource Conservation, Architectural Science&Tech, Computer Engineering - are shown below. To see more programs, click on "see additional programs".
Biomedical/Medical Engineering
Rank: #3
Economic score: 0.25
Aerospace Engineering
Rank: #3
Economic score: 0.29
Manufacturing Engineering
Rank: #9
Economic score: 0.34
Industrial Engineering
Rank: #6
Economic score: 0.36
Mechanical Engineering
Rank: #47
Economic score: 0.37
Public Policy Analysis
Rank: #7
Economic score: 0.48
Nursing
Rank: #289
Economic score: 0.53
Education
Rank: #146
Economic score: 0.83
Public Health
Rank: #124
Economic score: 0.98
Music
Rank: #87
Economic score: 2.01
The average student at University of Michigan, Ann Arbor takes 4.3 years to graduate, with 93% graduating within 8 years including part-time students. The graduation rate at Michigan is 32% more than the state average and 26% more than the average for all national universities in the country.
At Michigan, Pell Grant recipients represent 18% of the measured graduating class, 17% lower than the national average of 35%. The average Pell Grant recipient at Michigan graduates within 4.4 years.
Michigan is in the bottom 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
University of Michigan, Ann Arbor’s economic mobility score of 17.73 is calculated by adjusting the 0.19 economic score of lower-income students by the 18% pell grant recipients within the student body. Michigan’s EMS of 17.73 ranks in the top 50% nationally.
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 50%
The average Title IV recipient at University of Michigan, Ann Arbor pays $14,878 a year, $16,606 less than the $31,484 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $14,878
Much of the gap between net price and sticker price is filled by institutional and government grants. At Michigan, 59% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $14,878 on average to be covered by the student – be it through loans or out of pocket. In total, 25% of students take out loans, federal or private, at an average amount of $7,993. This is 29% less than the national average.
Federal grants
$5,311
Pell grants
$5,107
State grants
$1,030
Institutional grants
$15,721
University of Michigan, Ann Arbor offers 1 hybrid program. At the master’s level Michigan offers 15 programs. We use the IPEDS July '20 — July '21 Distance Education report to determine which programs are online. EarningsPlus data is provided when available.
Online programs
16
Hybrid programs
14
Percentage of programs online
6%
University of Michigan, Ann Arbor's very selective admissions are indicated by their 20% acceptance rate. In 2021, the school had 79,743 applicants, of which 16,071 were admitted and 7,290 enrolled. Michigan doesn't have a rolling admissions policy, which means applications are reviewed after a hard admissions deadline.
Full time
99%
83%
Female
53%
59%
First time
84%
59%
In-state
51%
68%
1st generation
21%
35%
White
55%
52%
Black
4%
14%
Hispanic
7%
15%
Asian
16%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
17%
12%