How does Michigan compare to other public universities in terms of tuition increases and costs?
For the past four years, of 650 public institutions, U-M’s net price increase was lower than 567 of them. Net price increase is the average yearly price charged to first time, full-time undergraduate students who receive student aid, after deducting the aid. The net price is arrived at by subtracting the average amount of federal, state government, or institutional grants and scholarship aid from the total cost of attendance (tuition, fees, books, supplies, the average cost of room and board, and other expenses). We have been able to achieve this lower net price increase, in part, through philanthropy and aggressive cost cutting, and we expect this trend to continue.