Why is Umich tuition so expensive?

Since 2001, U-M has become increasingly reliant on tuition to offset a declining share of revenue from the state appropriation, which is lower today than a decade ago. The state appropriation for the 2020-21 academic year was $325.5 million and provided about 14 percent of the General Fund revenues for the year.

Is University of Michigan expensive for out of state?

University of Michigan–Ann Arbor’s tuition is $16,178 for in-state and $53,232 for out-of-state students. Compared with the national average cost of in-state tuition of $11,331, University of Michigan–Ann Arbor is more expensive.

Why is out of state tuition higher than in state?

Schools’ reasoning for charging higher out-of-state tuition is because non-resident students’ come from families who haven’t paid tax dollars to the state, and thus to the school. Out-of-state tuition brings in more revenue to the school, which can be used for a variety of purposes.

Is University of Michigan worth the cost?

University of Michigan – Ann Arbor is ranked #689 out of 1,472 for value nationwide….Prices of Institutions with Similar Quality Scores.

Why we should keep out-of-state tuition?

Out-of-state students pay more simply because they do not pay taxes to the state in which the university is located. Thus, lower tuition costs are the state’s way of both rewarding its residents for their contributions and accounting for the tax dollars they have already paid to support their state’s schools.

Does University of Michigan give scholarships to out-of-state students?

Scholarship awards range up to $10,000 per year for in-state students and up to $20,000 per year for out-of-state students. They are renewable for four years of undergraduate study. For more information about these scholarships, as well as instructions to apply, visit our Four-Year Renewable Scholarships page.