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University of Michigan increases tuition, financial aid – the smallest in-state increase in 6 years

Posted: 7:33 PM, Jun 20, 2019
Updated: 2019-06-20 19:33:30-04
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The University of Michigan will increase its in-state tuition by 1.9 percent — the smallest in-state tuition increase in six years — and raise overall financial aid for in-state undergraduates by 11.2 percent.

In-state tuition is set to increase by almost $300 to $15,588. Almost 26 percent of in-state undergraduates paid no tuition last fall, and about 70 percent of in-state students received aid either from scholarships, grants, loans or work-study jobs.

Students will pay more to live on campus next year. The school is raising room and board rates by 4 percent to $11,996.

The increase will go toward essential housing services, future renovations, according to the university. The school also plans to use the increase to support pre-existing investments in renovated buildings. Need-based grants will cover this cost for students.

Tuition will increase by higher rates for out-of-state, non-undergraduate students.

Out-of-state tuition is set to go up 3.7 percent, while graduate students will see a 3.2 percent increase.

International students on F- and J-type visas will also have to pay a new $500 fee for each term. The new cost will be used for "sustaining and enhancing services to support this important student segment."