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.
2022-2023 GUIDELINE BUDGET FOR STUDENTS
Sci Trunk (12 months) |
Clin Trunk (12 months) |
Branch 1 (12 months) |
Branch 2 (8 months) |
|
|---|---|---|---|---|
Rent-Heating per month (assumes double occupancy) |
$1,400 |
$1,400 |
$1,400 |
$1,400 |
Utilities (Electric, Phone, Internet) per month |
$250 |
$250 |
$250 |
$250 |
Food per month |
$400 |
$450 |
$450 |
$450 |
Personal/Misc per month |
$250 |
$250 |
$250 |
$250 |
Wellness per month |
$100 |
$100 |
$100 |
$100 |
Travel & Transportation per month** |
$250 |
$450 |
$450 |
$450 |
Total living expenses per year |
$31,800 |
$34,800 |
$34,800 |
$23,200 |
Uninsured Medical/Dental Expenses per academic year |
$1,200 |
$1,200 |
$1,200 |
$800 |
Books per academic year |
$1,000 |
$250 |
$0 |
$0 |
Tech Allowance per academic year |
$0 |
$500 |
$0 |
$0 |
Step Study Material per academic year |
$100 |
$1,150 |
$0 |
$0 |
Instruments & Supplies per academic year |
$150 |
$102 |
$102 |
$100 |
USMLE Step 1 |
$0 |
$656 |
$0 |
$0 |
USMLE Step 2 CK |
$0 |
$657 |
$0 |
$0 |
Unsubsidized Stafford Loan Origination Fees |
$500 |
$498 |
$498 |
$498 |
Total annual expenses |
$2,950 |
$5,013 |
$1,800 |
$1,328 |
Total resident expenses per year |
$34,750 |
$39,813 |
$36,600 |
$24,528 |
Total non-resident expenses per year |
$35,250 |
$40,314 |
$37,101 |
$25,028 |
Resident Tuition & Fees* |
$50,763 |
$50,763 |
$50,763 |
$33,842 |
Non-Resident Tuition & Fees* |
$70,212 |
$70,212 |
$70,212 |
$48,808 |
Total Resident Guideline Budget |
$85,513 |
$90,576 |
$87,363 |
$58,370 |
Total Non-Resident Guideline Budget |
$105,462 |
$110,526 |
$107,313 |
$71,836 |
Mandatory health insurance costs are not included in this budget. Health insurance costs may be funded through outside sources upon request.
* Includes an increase of 14.4% resident and 12.3% non-resident tuition over 2021-2022 rates. A one-time corrective rate increase was implemented for the academic year 2022-2023 to account for a recent shift from 12 to 11 terms for medical degree completion. Typical per-term tuition rate increases have been 3-5%.
** Budget includes an additional $500 transportation allowance for non-residents.
THIS BUDGET IS SUBJECT TO CHANGE