Financial aid programs were created with the idea that the primary responsibility for paying college costs rests with the student and his or her family. Need based financial aid is available to families who demonstrate a need for additional resources to help pay college costs. The formula used to determine whether a student is eligible for need based aid is:

Budget (Cost of Attendance)

 - Expected Family Contribution (EFC)

 - Scholarships/Other Resources (Sponsored Tuition payments, etc.)


Your financial aid offer is based on the following factors that determine financial need:
Information on the budget and EFC can be found on the Award Overview screen on SIS.

Budget (Cost of Attendance)

The budget on SIS represents a reasonable estimate of the cost of attending the University of Michigan for 2019-2020  or 2020-2021 Fall/Winter.  Please note, the budget has different amounts for room and board depending whether you live on your own, are living with your parents, or living in student housing.

Expected Family Contribution (EFC)

The information you reported on your Free Application for Federal Student Aid (FAFSA), along with other documents on file with the Office of Financial Aid (OFA), were used to calculate your EFC. A formula called Federal Methodology, legislated by the U.S. Congress, uses information from your FAFSA and a consistent analysis of your family’s situation to calculate the EFC. The EFC is made up of two parts:

  • Parent Contribution: For dependent students this portion of the EFC is calculated from parental resources (taxable and non-taxable income, and assets). Allowances for living expenses (based on family size), taxes paid, the number of siblings in college, and asset protection for retirement, are built into the formula.
  • Student Contribution: This is the portion of the EFC that you, the student, are expected to contribute from your income and a percentage of your savings and other assets.

How Financial Aid is Awarded

Award amounts are determined by a combination of demonstrated financial need, federal award maximums, and funds available, among other factors.   All awards listed on the award screen are based on estimates of the amount of funds the University will receive, the estimated number of applications, and the anticipated average need of all applicants.  Therefore, awards are subject to reduction or cancellation at any time during the academic year.  Should any change from the awards you accepted be necessary you will be notified at the earliest possible date.

Scholarships and Outside Resources

Students are encouraged to seek scholarships from private sources and UM Flint, as well as to utilize other resources such as sponsored tuition payments and veterans’ benefits. Federal regulations and University policies require that these forms of assistance be counted as financial resources when determining eligibility for need based Title IV financial aid, however some federal veteran’s educational benefits are excluded. These scholarships and other resources will first be used to meet any gap between the budget, the EFC, and the financial aid offered. Next, they will reduce the amount of loan or Work Study offered. Only if all loan and Work Study have been replaced by scholarships or other resources will the amount of grant/scholarship aid be reduced.