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

Back to top