Guideline Budget
An allowance for Guideline Budget represents expenses for the student only. Spouses are not covered in the budget. An allowance for dependent children may be included depending on the results of the Federal need analysis formula.
2012-2013 Estimated Guideline
Budget For Students
| |
Freshman |
Sophomore |
Junior |
Senior |
| |
M1
(10 mo) |
M2
(9 mo) |
M3
(12 mo) |
M4
(12 mo) |
Rent-heating/month
(assumes double occupancy) |
$770 |
$770 |
$770 |
$770 |
| Electricity/month |
45 |
45 |
45 |
45 |
| Telephone/month |
100 |
100 |
100 |
100 |
| Food/month |
350 |
350 |
400 |
400 |
| Laundry/month |
50 |
50 |
50 |
50 |
| Recreation-Personal/month |
170 |
170 |
170 |
170 |
| Travel-Transportation/month** |
350 |
350 |
540 |
540 |
| Clothing/month |
100 |
100 |
100 |
100 |
| Total monthly expenses |
19,350 |
17,415 |
26,100 |
26,100 |
| |
Uninsured medical/dental
(per academic year) |
450 |
450 |
520 |
520 |
Books and journals
(per academic year) |
1250 |
700 |
700 |
500 |
Instruments and supplies
(per academic year) |
750 |
150 |
450 |
150 |
| Stafford Origination fees |
0 |
0 |
42 |
42 |
| USMLE Step I & II |
0 |
535 |
535 |
0 |
| USMLE Step II CS |
0 |
0 |
1140 |
0 |
| USMLE Step II CS Travel |
0 |
0 |
0 |
500 |
| |
| Total Resident |
$21,800 |
$19,250 |
$29,487 |
$27,812 |
| Total Non-Resident |
$22,550 |
$20,000 |
$30,237 |
$28,562 |
| |
| Resident tuition and fees* |
$29,101 |
$29,101 |
$29,101 |
$29,101 |
| Non-resident tuition and fees* |
$46,425 |
$46,425 |
$46,425 |
$46,425 |
| |
| Total Resident (inc. tuition) |
$50,901 |
$48,351 |
$58,588 |
$56,913 |
| Total Non-Resident (inc. tuition) |
$68,975 |
$66,425 |
$76,662 |
$74,987 |
|
(Annual figures vary according to length of academic year)
Mandatory health insurance costs are not included in this budget. Health
insurance costs may be funded through outside sources upon request.
* Includes estimated 0% tuition increase over 2011-2012 rates. Actual
tuition will be set by the Regents of the University of Michigan in June
2012. If tuition is less, the budget will be adjusted to reflect the decrease.
Financial aid monies will be reduced from the second disbursement (Winter
2013) of financial aid.
** Guideline budget includes additional $750 transportation allowance
for non-residents.
THIS BUDGET IS SUBJECT TO CHANGE
1/26/12
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