By Melissa Brock

As Virginia’s leading research institution, Virginia Polytechnic Institute and State University (Virginia Tech) in scenic Blacksburg, Virginia, offers 280 undergraduate and graduate degree programs. Virginia Tech’s motto: Ut Prosim (That I May Serve), permeates everything it does, from student research to professors’ teachings in the classroom. Virginia Tech serves more than 38,000 undergraduate, graduate, and professional students.

Keep reading to learn more on Virginia Tech, including tuition and housing costs, acceptance rates, and top majors in the college.

Total Cost of Attendance

The Virginia Tech rate for tuition and fees for Virginia residents was $15,948 in 2024-25, according to the most recent data from NCES. This figure is slightly higher compared to other public universities in Virginia, where the average tuition and all mandatory fees for in-state undergraduates hovers around $14,460.

In the United States, public four-year in-state tuition and fees was $11,610 on average, while public four-year out-of-state tuition was $30,780 in 2024-25.

Financial Aid

Virginia Tech awards 69% of its students with financial aid, including federal work-study, scholarships, grants, and loans.

Explore financial aid options: Virginia Student Loan & Scholarships

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, or nonprofits. The different types include:

•  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

•  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than those on private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities at sources such as:

•  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

•  Scholarship Search Tool

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

A total of 39% of students at Virginia Tech use federal student loans (an average of $5,390 in loans) to help fund their education, while 9% use private student loans (an average of $23,493 in loans).

Private student loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school. Federal student loans don’t have to be paid back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, because it generally has better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: A Complete Guide to Private Student Loans

Projected 4-Year-Degree Price

Virginia Tech’s cost for in-state students over four years, including tuition, fees, room, board, books, and other expenses would likely cost more than $158,680 (costs will increase over time). Similarly, the cost for out-of-state students would be $245,944 over the course of four years.

How does that amount compare to other schools across the country? For the 2023-24 academic year, the average price of tuition and fees among colleges and universities was as follows:

•  In-state residents at public colleges: $45,040 for four years

•  Out-of-state residents at public colleges: $116,600 for four years

Virginia Tech costs more for both in-state and out-of-state students compared to the national average.

This student loan and scholarship information may be valuable as you research schools and costs.

Undergraduate Tuition and Fees

The combined cost of Virginia Tech tuition, fees, and books in 2024-25 was $18,626 for Virginia residents and $40,442 for non-residents.

Graduate Tuition and Fees

Assuming a two-year program, a master’s degree from Virginia Tech would cost $37,128 for in-state students and $70,184 for out-of-state students.

The average cost of a master’s degree in the United States is $62,820. A master of arts degree usually costs $71,140, while a master of science degree typically costs $61,380.

Students can obtain graduate loans to help with the costs.

Cost per Credit Hour

The Virginia Tech cost per credit hour is $548 per credit hour for in-state students and $1,432.25 per credit hour for out-of-state students. Certain programs of study may cost more, so check with the bursar’s office for the most up-to-date information about costs at Virginia Tech.

Campus Housing Expenses

Of Virginia Tech’s students, 10,500 live on campus in a number of on-campus housing units with an array of amenities and styles, including residential colleges, living-learning communities, and more. Generally, it’ll cost less to live off campus, but it’s a good idea to do your research before you make a decision. Virginia Tech showcases off-campus housing opportunities through a marketplace-type search based on price and a roommate search.

Virginia Tech Acceptance Rate

Of the 47,208 applicants who applied to Virginia Tech, 57% were accepted, meaning the school isn’t the most selective institution in the U.S., nor is it the least selective.

Admission Requirements

The admission requirements for Virginia Tech include the following:

Required:

•  High school transcript with GPA

•  High school record

•  Personal statement or essay

Items considered:

•  Completion of college preparatory program

•  SAT/ACT

SAT and ACT Scores

Virginia Tech is test-optional, but the college will consider an applicant’s SAT or ACT scores if they send them. A total of 3,103 students sent their SAT scores, while 484 sent ACT scores to Virginia Tech.

Popular Majors at Virginia Tech

Which majors are most popular at Virginia Tech? Let’s take a look at the top 10.

1. Engineering

Engineering at Virginia Tech offers a wide spectrum of engineering disciplines to produce engineers ready to solve 21st-century issues. Many will study artificial intelligence, cybersecurity, and manufacturing, all the while helping graduates to become leaders after graduation.

Undergraduate degrees in 2023-24: 1,774

2. Business

Whether you want to major in accounting, information systems, business information technology, finance, hospitality and tourism management, management, marketing, or real estate, Virginia Tech emphasizes technological analysis that improves business, entrepreneurship, and learning and research opportunities in a collaborative environment.

Undergraduate degrees in 2023-24: 210

3. Social Sciences

Virginia Tech recognizes that technology alone cannot answer all questions, so the social sciences offers the benefits of a leading university combined with civic responsibilities. The humanities and social sciences at Virginia Tech create meaningful solutions to solve complex human challenges.

Undergraduate degrees in 2023-24: 679

4. Biological and Biomedical Sciences

Life sciences research explodes at Virginia Tech, seamlessly integrating world-class research and the challenges of the 21st century. From changes in global warming to the challenges of human disease, Virginia Tech develops students for the future by preparing them to tackle these major problems.

Undergraduate degrees in 2023-24: 657

5. Family and Consumer Sciences/Human Sciences

The family and consumer sciences department at Virginia Tech focuses on a wide variety of practical applications, whether your future goal involves working with the young, the elderly, or any other group. Virginia Tech shapes those who want to learn cutting-edge methods in the fields of adolescent development, aging, family studies, marriage and family therapy, disabilities, and more.

Undergraduate degrees in 2023-24: 557

6. Computer and Information Sciences

The computer and information sciences programs at Virginia Tech are ranked 29th in the nation and offer innovative teaching and research opportunities. Students can become leaders and researchers in divisions like computational biology and bioinformatics, data analytics, machine learning, software engineering systems, and more.

Undergraduate degrees in 2023-24: 526

7. Agricultural/Animal/Plant Science

Virginia Tech’s transformational, hands on experience in animal science gives graduates an opportunity at the largest animal program east of the Mississippi. Those interested in plant science at Virginia Tech prepare students for work in private and public sectors, and in plant breeding, biotechnology, and plant pathology. Students can also learn from top-notch faculty in molecular biology, biochemistry, plant genetics and breeding, and more.

Undergraduate degrees in 2023-24: 264

8. Psychology

Psychology at Virginia Tech teaches students a variety of disciplines: biology, education, health, business, sociology, marketing, engineering, and neuroscience. Psychology helps students understand behavior and conduct research that transforms lives.

Undergraduate degrees in 2023-24: 247

9. Communication and Journalism

Communication at Virginia Tech can teach students in a liberal arts setting how to engage, present, persuade, think critically, evaluate, and communicate. The school of communication offers a wide variety of majors, including advertising, communication, multimedia journalism, public relations, and sports media and analytics.

Undergraduate degrees in 2023-24: 225

10. Natural Resources and Conservation

Virginia Tech teaches students core skills revolving around community outreach, research, conservation, and sustainability through the natural resources and conservation department. The program teaches resource management through real-world experiences, professional skills, labs, internships, and research to prepare employees for the world’s challenges.

Undergraduate degrees in 2023-24: 200

Graduation Rate

Of Virginia Tech’s students who started in Fall 2015 and who began in Fall 2017:

•  68% began in Fall 2015 and graduated after four years.

•  69% began in Fall 2017 and graduated after four years.

•  87% began in Fall 2015 and graduated after six years.

•  86% began in Fall 2017 and graduated after six years.

Post-Graduation Median Earnings

Ten years after graduating from Virginia Tech, the median earnings of former students who received federal financial aid is $81,698. That’s right in line with the average of bachelor’s degree graduates nationwide, who earn a median salary of $80,236.

By Melissa Brock

The University of Pennsylvania (UPenn), located in the historic city of Philadelphia, is known for its rich liberal arts and sciences tradition and world-class education. A total of 29,109 students in fall 2024 strolled down Locust Walk, cheered on the Quakers, and took classes among its four undergraduate and 12 graduate schools.

The storied institution is a member of the Ivy League, alongside seven others: Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, and Yale.

Keep reading for a closer look at University of Pennsylvania tuition costs, housing expenses, top majors, and more.

Total Cost of Attendance

In 2024-25, University of Pennsylvania tuition was $68,686. The cost is similar to the tuition of other Ivy League institutions, which range from $61,676 (Harvard) to $71,845 (Columbia).

Financial Aid

Of full-time students beginning at the University of Pennsylvania in the 2022-23 academic year, 62% received a combination of financial aid. Specifically, 48% received a grant or scholarship and 9% received federal student loans, for an average award of $59,721 in grants or scholarships and $5,054 in federal student loans.

Explore financial aid options: Pennsylvania Student Loan & Scholarship Information

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, or nonprofits. The different types include:

•  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

•  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than those on private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities at sources such as:

•  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

•  Scholarship Search Tool

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

Of the full-time beginning undergraduate students who take advantage of student loans at UPenn, 4% use private student loans to cover the costs. These students receive an average of $28,622 in private loans.

Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, because it generally has better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: A Complete Guide to Private Student Loans

Projected 4-Year-Degree Price

UPenn’s cost for four years (tuition, room and board on campus, and fees) would be about $369,152 — but note that cost doesn’t include scholarships and grants.

For the 2023-24 academic year, here are the average price of tuition and fees among colleges and universities across the country:

•   $41,540 at private colleges ($166,160 for four years)

•   $11,260 for in-state residents at public colleges ($45,040 for four years)

•   $29,150 for out-of-state residents at public colleges ($116,600 for four years)

This student loan and scholarship information may be valuable as you research schools and costs.

Undergraduate Tuition and Fees

Tuition, fees, and books cost $70,044 for UPenn in 2024-25. To compare to another Ivy League institution, Harvard’s tuition is $61,676, while fees and books cost $1,000 — a total of $62,676. Here’s a breakdown of UPenn’s costs without housing:

Graduate Tuition and Fees

The average cost of graduate student tuition and fees was $43,174 in 2024-25, with $4,670 in fees.

How does this compare to other graduate schools across the country? The average cost of a master’s degree is $62,820. A master of arts degree usually costs $71,140, while a master of science degree typically costs $61,380.

Students can get graduate loans to help with the costs.

Cost per Credit Hour

The cost per credit is $2,612 for one credit unit (c.u.), plus an online services fee of $162. Two credit units cost $5,224, three credit units cost $7,836, and four credit units cost $10,448. The cost per credit unit also comes with online services fees as well. Note that one credit unit typically represents a four-semester-hour course.

There are always year-to-year changes in cost per credit units, so it’s a good idea to keep tabs on those charges, which usually increase.

Campus Housing Expenses

UPenn offers 13 undergraduate College Houses, with 5,500 undergraduates living on campus. Upperclass students can live in high-rises with apartment-style living. UPenn’s off-campus housing marketplace site lists a plethora of opportunities for students living off campus, and you can also find roommates and housing opportunities based on your budget.

University of Pennsylvania Acceptance Rate

The UPenn acceptance rate is only 6%, cementing its standing as a competitive Ivy League institution.

Admission Requirements

The admission requirements for UPenn include the following:

Required:

•  High school transcript with GPA

•  High school record

•  Letters of recommendation

Items considered:

•  High school rank

•  Completion of college prep program

•  Formal competency demonstration

•  Personal statement or essay

•  SAT or ACT scores

•  English proficiency test

SAT and ACT Scores

In 2023, 51% of UPenn students submitted SAT scores and 19% submitted ACT scores. UPenn is test-optional, but of the students who took the tests, here were their scores at the 25th and 75th percentiles:

Popular Majors at University of Pennsylvania

UPenn offers 100 majors across four schools for undergraduates. Check out the most popular majors at the University of Pennsylvania as of 2023-24.

1. Financial Analytics

Students in this major develop the ability to make data-driven business decisions and use statistical analysis and business analytics in competitive markets. Graduates will help businesses and organizations use data to improve decisions using a wide variety of data.

Undergraduate degrees in 2023-24: 261

2. Econometrics and Quantitative Economics

Among the top 10 in the country, the UPenn economics department is research-oriented and geared toward training the world’s foremost research economists. Successful graduates develop analytical and economic literacy and commonly hold academic and research positions in both the private or public sector. The department is famous for its Penn Institute for Economic Research and its International Economic Review, a leading economics journal.

Undergraduate degrees in 2023-24: 210

3. Registered Nursing

Ranked as the best nursing school worldwide, UPenn’s registered nursing curriculum blends the science of health care (theoretical knowledge) with clinical expertise (applied knowledge). The nursing faculty are among the world’s expert clinicians and researchers. UPenn’s nursing program also has a state-of-the-art simulation center, research opportunities, and rigorous clinical experience.

Undergraduate degrees in 2023-24: 174

4. Philosophy

Philosophy at UPenn examines concepts involving the formal sciences, natural sciences, humanities, the arts, and social, legal, and political theory. Undergraduates read texts, consider positions and arguments, and develop reasoning skills. UPenn’s philosophy graduates work in the following areas: law, medicine, business, journalism, computer science, the natural sciences, government, and philosophy.

Undergraduate degrees in 2023-24: 148

5. Biology/Biological Sciences

The internationally recognized biology department at UPenn contains strong research and educational programs. The department’s research areas include ecology, evolution, plant sciences, molecular and cellular biology, genomics, quantitative biology, and neuroscience. The department integrates biology across interdisciplinary areas to explore the constantly changing natural world at various angles.

Undergraduate degrees in 2023-24: 145

6. Computer and Information Sciences

Computer and information sciences at UPenn propels students’ experiences into complex software and hardware systems, digital media design, AI, computer vision, machine learning, and more. Penn’s students will become tomorrow’s leaders and visionaries in computer science. Undergraduates receive a wide variety of research opportunities and interdisciplinary collaborations.

Undergraduate degrees in 2023-24: 126

7. Neuroscience

A premiere institution for neuroscience research and training, interdisciplinary collaboration is the hallmark of the neuroscience program at UPenn, where numerous students gain an understanding of the brain and its diseases. Undergraduate students work with many Penn professors to study and contribute to world-renowned neuroscience research and discovery.

Undergraduate degrees in 2023-24: 97

8. Political Science and Government

Political science offers the opportunity to explore various levels and subfields of political science, including international relations, American politics, comparative politics, political theory, and more. Students can work with renowned faculty members, work through real-world problems, and have the opportunity to study abroad and engage in internships and a wide array of extracurricular activities. Political science majors at Penn go on to have careers in government, law, business, international and civic organizations, journalism, and education.

Undergraduate degrees in 2023-24: 96

9. Computer Science

Computer science at UPenn prepares future professionals for careers in network and computer services consulting companies, financial institutions, healthcare organizations, research labs, and other related fields. Computer science majors combine expertise in many areas, including areas where large amounts of data are manipulated, such as in health industries or financial institutions. Computer science majors at UPenn become computer scientists and engineers and regularly earn advanced degrees.

Undergraduate degrees in 2023-24: 83

10. Research and Experimental Psychology

Psychology at UPenn studies the mind, how people perceive information, and how they respond. This major offers analytical and conceptual skills, providing a foundation for a wide number of careers upon graduation.

Undergraduate degrees in 2023-24: 73

Graduation Rate

The following are graduation rates for entering full-time students who began at UPenn in Fall 2017 for specified periods:

•  4-year: 88%

•  6-year: 97%

Post-Graduation Median Earnings

Ten years after entering the school and graduating from the University of Pennsylvania, the median earnings of former students is $111,371. That’s considerably more than the average of bachelor’s degree graduates nationwide, who earn a median salary of $80,236.

By Jennifer Calonia

Founded in 1919, the University of California, Los Angeles (UCLA) was the second university to join the University of California (UC) System. Its 419-acre main campus, which sits between the cities of Santa Monica and Beverly Hills, offers a range of degree programs — from undergraduate majors and minors to masters, doctoral, and professional programs.

Keep reading for a closer look at UCLA tuition costs for both in-state and out-of-state students, housing expenses, top majors, and more.

Total Cost of Attendance

UCLA is an acclaimed research institution known for its academic programs, medical center, and athletics. Below is the estimated 2024-2025 UCLA cost of attendance for a full-time undergraduate student, which is considerably lower than that of its local rival, the University of Southern California.

Financial Aid

A majority of UCLA’s undergraduate student population (60%) receives some form of student aid, and of that group, 49% receive grant or scholarship financial aid. For the 2022-2023 academic year, the most current data available from the National Center for Education Statistics, 27% of low-income families received need-based federal Pell Grant awards.

Explore financial aid options: California Student Loan & Scholarship Information Guide

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

•  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than those on private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities at sources such as:

•  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

•  Scholarship Search Tool

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

In addition to grant and scholarship aid, a small percentage of Bruins (3%) borrow private student loans to cover University of California, Los Angeles cost of attendance.

Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, because it generally has better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: A Complete Guide to Private Student Loans

Projected 4-Year-Degree Price

Based on the 2024-25 cost of attendance estimates over a four-year program, undergraduate California residents can expect to spend $167,960. For out-of-state students, the cost soars to $304,760 for a bachelor’s degree.

By comparison, the national average cost of attendance for the 2023-24 academic year for a four-year in-state public college averages $115,360 in total for all four years, and $186,920 in total for out-of-state public college for all four years. Private institutions are higher at an average cost of $241,680 for all four years.

This student loan and scholarship information may be valuable as you research schools and costs.

Undergraduate Tuition and Fees

For the 2024-25 academic year, in-state students paid $15,203 in University of California, Los Angeles tuition and fees, plus the cost of books and supplies. Out-of-state students paid $49,403 for the same year. By comparison, the national average for tuition and fees for an in-state undergraduate student attending a public institution was $11,610 per year; $30,780 per year for an out-of-state student.

Graduate Tuition and Fees

California residents who are pursuing a postgraduate program at UCLA paid $14,476 toward 2024-25 tuition and fees. For out-of-state graduate students, UCLA tuition and fees were $29,578. This is in line with the estimated $44,640 to $71,140 for a master’s degree, according to Education Data’s estimates.

There are many options for graduate loans that can help with these costs.

Cost per Credit Hour

UCLA tuition is charged as a flat annual rate, and not on a per-credit-hour basis during its regular term. However, based on 2024-25 in-state undergraduate tuition and fees at $15,203, and assuming full enrollment of 15 credit hours, students can expect to spend approximately $1,014 per credit hour.

Campus Housing Expenses

UCLA’s on-campus housing options include four building types, from classic residence halls to suites. Each housing option offers double and triple occupancy units, and a variety of communal amenities.

Bruins can also consider living off-campus in a nearby neighborhood. The average rent for a 938 sq.ft. apartment in Westwood is $3,763. With a roommate to help split the cost of rent, off-campus housing could potentially be more affordable. However, keep in mind that renting involves a full year lease, instead of just the active school term.

By Jennifer Calonia

The University of Michigan is known for its renowned research centers, like the Michigan Institute for Data Science (MIDAS), and its elite athletics programs as a Big Ten Conference competitor. If you’re considering “going Blue,” here’s what to know about University of Michigan’s cost of attendance, tuition by degree level, acceptance rate, and more.

Total Cost of Attendance

Founded in 1817, the University of Michigan has three campuses with its main campus located in Ann Arbor, Michigan, 45 minutes west of Detroit. It’s a public, four-year research institution with a prestigious standing in collegiate sports, and its business, engineering, and computer science programs are ranked among the highest in the nation.

Financial Aid

Students generally cover University of Michigan’s cost of attendance through a variety of financial aid awards, from grants and scholarships to student loans. During the 2022-23 academic year, 55% of undergraduate students received grant or scholarship aid. A majority of students (54%) received institutional grants or scholarships at an average award amount of $20,048.

Additionally, 18% of first- and full-time undergrads received a federal Pell Grant, which is funding that’s reserved for students who demonstrate exceptional financial need.

Explore financial aid options: Michigan Student Loan & Scholarship Information Guide

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

•  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than those on private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities at sources such as:

•  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

•  Scholarship Search Tool

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

At the University of Michigan, five percent of full-time undergraduate Wolverines received private student loans during the 2023-24 year. The average private student loan amount was $26,357.

Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, because it generally has better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: A Complete Guide to Private Student Loans

Projected 4-Year-Degree Price

The cost to complete a four-year undergraduate program at U of M for in-state students is $147,728 — higher than the national average four-year degree price of $115,360.

For out-of-state residents, University of Michigan costs for a bachelor’s degree soar to $320,568. The cost difference of attending U-M as an out-of-state student is significant, compared to the $186,920 national average for out-of-state, four-year degrees.

This student loan and scholarship information may be valuable as you research schools and costs.

Undergraduate Tuition and Fees

In-state students can expect to pay $18,894 toward tuition, fees, and books and supplies. Students who are out-of-state spend notably more at $62,104 for the 2024-25 academic year. By comparison, the average in-state tuition and fees at a public institution is $11,610, and $30,780 for out-of-state students.

Graduate Tuition and Fees

For graduate students, University of Michigan tuition and fees are modest compared to the national average for a master’s degree. The average cost for a master’s degree, based on Education Data, ranges from $44,640 to $71,140. During the 2024-25 academic year, graduate tuition and fees at U of M were $28,886 for in-state students and $57,776 for out-of-state students.

There are many options for graduate loans that can help with these costs.

Cost per Credit Hour

Undergraduate Wolverines who are enrolled full-time receive a flat tuition rate for 12 to 18 credits; the per-credit cost for a 12-credit academic session is $817. However, for those who enroll part-time, the first credit hour is $1,187 for Michigan residents and $784 per additional credit hour. Out-of-state students pay $3,073 for the first credit hour and $2,670 for each additional credit.

Campus Housing Expenses

The University of Michigan offers various on-campus residence halls, with single, double, triple, quad, or suite options. According to the university, 97% of freshmen students live on campus. Estimates for on- and off-campus housing for U-M students are the same at $18,038 for food, housing, and other expenses.

Although off-campus housing estimates from the NCES report the same cost as on-campus, what you’ll ultimately pay to live off-campus varies. Expenses depend on your rental unit type, location, and number of roommates you’re splitting shared costs with. Keep in mind, however, that a rental lease is typically for a full 12-month period, not just during the academic session.