University of Michigan-Ann Arbor

Ann Arbor, MI
Median SAT/ACT
Who wouldn’t want to be a part of an alumni association that has a chapter on the moon? The crew of Apollo 15, all U-M grads, actually left a club charter behind on the lunar surface. One of the country’s most affordable elite schools, the University of Michigan accepts less than a third of the nearly 50,000 students who apply annually. Michiganders who get in receive an especially good deal at the school, which is one of only 11 in MONEY’s top 50 where the average in-state cost of a degree totals less than $100,000. The National Science Foundation ranks Michigan as the top public research university in terms of money spent on research and development, a position the school has held since 2010. Yet the faculty also prides itself on teaching. Chemistry professor Brian Coppola, for example, was named one of the country’s “Teachers of the Year” in 2009, and one of the university’s top annual awards—the Arthur F. Thurnau Professorship—recognizes faculty members committed to undergraduate teaching. Sports permeate campus life. The school’s Division I football and basketball teams draw national television audiences as well as hordes of student fanatics; meanwhile, the lesser-known swimming and diving team each won national championships in 2013, and the men’s gymnastics team won in 2013 and 2014. For non-athletes, U-M provides countless clubs and opportunities for civic engagement. And Ann Arbor, a quintessential college town, offers a distracting number of music venues, restaurants, museums, and theaters.
Est. Full Price 2016–17
% of students who get financial aid
Estimated price for students who receive aid
Average price for low-income students
Financial Aid
% of students who get need-based aid
% of need met
% of students who get merit aid
Average merit grant
Student Success
Est. graduation rate
Average time to degree
4.2 years
Average student debt
Average salary within 5 years
Acceptance rate
Median SAT/ACT Score
Average student debt
SAT/ACT required?
Key Deadlines
Early decision
Regular application
Feb 1
Financial aid

Sources: U.S. Department of Education, Peterson's, PayScale.com, MONEY/College Measures calculations.

University of Michigan-Ann Arbor also appears onSee What Students Have to Say
I've had a few great professors that I got close with and that really cared about the students that they taught. I've also had large lectures where this kind of familiarity was impossible and the GSIs were not very competent, but overall it's been great
The alumni network is honestly the best you can get. There is always someone from Michigan who wants to work with another wolverine. Literally always. And on the off chance there isn't, they probably really respect Michigan.
I absolutely love Michigan. There's something for everyone. We work hard, very hard. But we also "play" hard. Tailgates are the greatest thing, the parties are cool, everyone is great. You find your space for sure.

Sources: U.S. Department of Education, Peterson's, PayScale.com, MONEY/College Measures calculations.