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.

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

$100

$499

$0

$0

Instruments & Supplies per academic year

$152

$102

$102

$100

USMLE Step 1

$0

$655

$0

$0

USMLE Step 2 CK

$0

$655

$0

$0

Total annual expenses

$2,452

$3,861

$1,302

$900

         

Total resident expenses per year

$27,412

$31,881

$29,322

$19,580

Total non-resident expenses per year

$28,162

$32,631

$30,072

$20,330

         

Resident Tuition & Fees*

$44,373

$44,373

$44,373

$29,582

Non-Resident Tuition & Fees*

$62,538

$62,538

$62,538

$41,694

         

Total Resident Guideline Budget

$71,785

$76,254

$73,695

$49,162

Total Non-Resident Guideline Budget

$90,700

$95,169

$92,610

$62,024

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-residents.

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

THIS BUDGET IS SUBJECT TO CHANGE

7/13/2021