| Overall Rating | Gold |
|---|---|
| Overall Score | 73.84 |
| Liaison | Andrew Horning |
| Submission Date | Dec. 19, 2022 |
University of Michigan
PA-8: Affordability and Access
| Status | Score | Responsible Party |
|---|---|---|
|
3.46 / 4.00 |
Andrew
Horning Managing Director Graham Sustainability Institute |
Percentage of need met, on average, for students who were awarded any need-based aid :
Percentage of students graduating without student loan debt:
Percentage of entering students that are low-income:
Graduation/success rate for low-income students:
A brief description of notable policies or programs to make the institution accessible and affordable to low-income students:
Our Go Blue Guarantee covers the cost of full undergraduate tuition and mandatory university fees for up to four years of full-time undergraduate study on the Ann Arbor campus for Michigan residents who qualify for in-state tuition and have a family income of $65,000 or less, and with assets less than $50,000. In Fall 2020, 1,428 current students were eligible for GBG and collectively received $20.5 million in institutional and federal support for that term. As of Fall 2021, the Go Blue Guarantee will be extended to qualifying Michigan residents on the Dearborn and Flint Campuses.
If you don’t qualify for the Go Blue Guarantee, there are many other options you can use to help cover the cost of a U-M education. Approximately 71 percent of all in-state and 50% of nonresident U-M undergraduate students receive some form of financial aid. U-M is the only public university in Michigan to cover 100 percent of demonstrated financial need of in-state students.
Aid packages combine need- and merit-based grants and scholarships, loans, and work-study employment. In acknowledgment of real concern over the nation’s rising student loan debt, the University has worked hard to provide students with more and larger grants, which do not need to be repaid, and to reduce their reliance on loans.
A brief description of notable policies or programs to support non-traditional students:
Estimated percentage of students that participate in or directly benefit from the institution’s policies and programs to support low-income and non-traditional students:
Website URL where information about the institution’s accessibility and affordability initiatives is available:
Additional documentation to support the submission:
Data source(s) and notes about the submission:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.