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

$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