Guideline Budget

Our Guideline Budget represents estimated expenses for students in each of the four years of medical school at U-M.

These budgets illustrate a modest but adequate cost of living for most students.

 

Sci Trunk

(12 months)

Clin Trunk

(12 months)

Branch 1

(10 months)

Branch 2

(10 months)

Rent-Heating per month

(assumes double occupancy)

$845

$845

$845

$845

Electricity per month

$40

$40

$40

$40

Phone, Internet, Cable

$65

$65

$65

$65

Food per month

$360

$360

$410

$410

Personal per month

$100

$100

$100

$100

Wellness per month

$100

$100

$100

$100

Travel & Transportation per month**

$360

$360

$560

$560

Clothing per month

$100

$100

$100

$100

Total living expenses per year

$23,640

$23,640

$22,200

$22,200

         

Uninsured Medical/Dental Expenses per academic year

$600

$600

$600

$600

Books per academic year

$1,000

$250

$0

$0

Step Study Material per academic year

$0

$0

$1,100

$0

Instruments & Supplies per academic year

$150

$100

$100

$100

USMLE Step I

$0

$630

$0

$0

USMLE Step II CK

$0

$630

$0

$0

USMLE Step II CS

$0

$1,290

$0

$0

USMLE Step II CS Travel

$0

$0

$500

$0

         

Total resident expenses per year*

$25,390

$27,140

$24,500

$22,900

Total non-resident expenses per year*

$26,140

$27,890

$25,250

$23,650

         

Resident Tuition & Fees*

$39,706

$39,706

$39,706

$39,706

Non-Resident Tuition & Fees*

$59,036

$59,036

$59,036

$59,036

         

TOTAL RESIDENT EXPENSES (including tuition)

$65,096

$66,846

$66,206

$62,606

TOTAL NON-RESIDENT EXPENSES (including tuition)

$85,176

$86,926

$84,286

$82,686

Mandatory health insurance costs are not included in this budget. Health insurance costs may be funded through outside sources upon request.

* Includes estimated 5% tuition resident and 3.7% non-resident increase over 2018-2019 rates. Actual tuition will be set by the Regents of the University of Michigan in June 2019. If tuition is less, the budget will be adjusted to reflect the decrease. Financial aid monies will be reduced from the second disbursement (Winter 2020) of financial aid.

** Budget includes an additional $750 transportation allowance for non-residents.

This budget is subject to change.

1/28/19

Rev. 3/5/19