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.
2021-2022 ESTIMATED 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) |
$990 |
$990 |
$990 |
$990 |
Electricity per month |
$45 |
$45 |
$45 |
$45 |
Phone, Internet, Cable per month |
$65 |
$65 |
$65 |
$65 |
Food per month |
$365 |
$415 |
$415 |
$415 |
Personal per month |
$100 |
$100 |
$100 |
$100 |
Wellness per month |
$100 |
$100 |
$100 |
$100 |
Travel & Transportation per month** |
$365 |
$570 |
$570 |
$570 |
Clothing per month |
$50 |
$50 |
$50 |
$50 |
Total living expenses per year |
$24,960 |
$28,020 |
$28,020 |
$18,680 |
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 |
$750 |
$650 |
$0 |
$0 |
Instruments & Supplies per academic year |
$150 |
$100 |
$100 |
$100 |
USMLE Step 1 |
$0 |
$655 |
$0 |
$0 |
USMLE Step 2 CK |
$0 |
$655 |
$0 |
$0 |
Total annual expenses |
$3,100 |
$4,010 |
$1,300 |
$900 |
Total resident expenses per year |
$28,060 |
$32,030 |
$29,320 |
$19,580 |
Total non-resident expenses per year |
$28,810 |
$32,780 |
$30,070 |
$20,330 |
Resident Tuition & Fees* |
$48,362 |
$48,362 |
$48,362 |
$32,240 |
Non-Resident Tuition & Fees* |
$68,180 |
$68,180 |
$68,180 |
$45,454 |
Total Resident Guideline Budget |
$76,422 |
$80,392 |
$77,682 |
$51,820 |
Total Non-Resident Guideline Budget |
$96,990 |
$100,960 |
$98,250 |
$65,784 |
Mandatory health insurance costs are not included in this budget. Health insurance costs may be funded through outside sources upon request.
* Includes estimated 5% resident and 3% non-resident tuition increase over 2020-2021 rates. Actual tuition will be set by the Regents of the University of Michigan in June 2021. If tuition is less, the budget and aid will be adjusted to reflect the decrease. Beginning Spring/Summer 2020, the Medical School revised its terms to align with Central Campus. Tuition was spread evenly across 12 terms in AY 20-21 and 11 terms in AY 21-22. Due to this, tuition rates by term will see some increases as part of this smoothing required for this realignment.
** Budget includes an additional $750 transportation allowance for non-residents.
THIS BUDGET IS SUBJECT TO CHANGE
1/26/2021