University of
Michigan-Ann Arbor
Public Research University in Ann Arbor, MI. Six-year graduation rate 93%. Median 10-year earnings $83,648.
Students who entered University of Michigan-Ann Arbor reach a median of $83,648 ten years later, which puts this school in the upper band of undergraduate earnings outcomes. 93% graduate within six years, so most students who start here finish here. Median debt at graduation is $19,500, roughly typical for an undergraduate degree.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.23 — healthy (below the 0.40 threshold)
- ✓ Graduation rate 93% — well above the national average
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
This is a highly selective admit: 16% of applicants receive an offer. The applicant pool is large — 98,310 in the most recent cycle — so the published rate reflects genuine competition rather than a small-sample quirk. A 47% yield rate puts this school in the upper range for admits who follow through. The score bands below cover the middle 50% of the enrolled students who submitted a score — not the whole class, and not a cutoff.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 680–750 | 3,697 (51%) |
| SAT Math | 680–780 | |
| ACT Composite | 31–34 | 1,274 (18%) |
IPEDS Admissions · 2024
Apply at University of Michigan-Ann Arbor →Academics
93% of students finish within six years, putting completion well above the national norm. 97% of full-time first-years return for a second year — a healthy figure. Retention drops to 80% for part-time students, a gap worth weighing if full-time study is not realistic. A 11:1 ratio points to small classes and accessible faculty. Judge these figures against other institutions of the same type — sector explains more of the variation in completion than any single campus factor.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 33,488 degree- or certificate-seeking undergraduates
Average net price after grant aid is $17,574 a year — mid-range for a four-year institution. Net price swings hard on family income here, from $1,043 at the $0–30k band to $26,517 at $110k+. About 55% get grants averaging $25,080, so plan on the possibility of paying closer to full price. Only 24% take federal loans. Private borrowing is not captured in this figure.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 7,426 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $1,043 |
| $30–48k | $1,878 |
| $48–75k | $4,895 |
| $75–110k | $10,869 |
| $110k+ | $26,517 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 7,995 of these 33,488 students, totalling $48,883,967 — an average of $6,114 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Washtenaw County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)