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.
M1 (12 months) |
M2 (12 months) |
M3 (12 months) |
M4 (12 months) |
|
Rent-Heating per month (assumes double occupancy) |
$800 |
$800 |
$800 |
$800 |
Electricity per month |
$40 |
$40 |
$40 |
$40 |
Phone, Internet, Cable |
$60 |
$60 |
$60 |
$60 |
Food per month |
$350 |
$350 |
$400 |
$400 |
Recreation & Personal Expenses per month |
$200 |
$200 |
$200 |
$200 |
Travel & Transportation per month** |
$350 |
$350 |
$550 |
$550 |
Clothing per month |
$100 |
$100 |
$100 |
$100 |
Total living expenses per year |
$22,800 |
$22,800 |
$25,800 |
$25,800 |
Uninsured Medical/Dental Expenses per academic year |
$600 |
$600 |
$600 |
$600 |
Books & Study Materials per academic year |
$1,000 |
$1,250 |
$1,000 |
$0 |
Instruments & Supplies per academic year |
$150 |
$100 |
$100 |
$100 |
USMLE Step I |
$0 |
$605 |
$0 |
$0 |
USMLE Step II CK |
$0 |
$605 |
$605 |
$0 |
USMLE Step II CS |
$0 |
$1,280 |
$1,280 |
$0 |
USMLE Step II CS Travel |
$0 |
$0 |
$0 |
$500 |
Total resident expenses per year* |
$24,550 |
$27,240 |
$29,385 |
$27,000 |
Total non-resident expenses per year* |
$25,300 |
$27,990 |
$30,135 |
$27,750 |
Resident Tuition & Fees* |
$36,044 |
$36,044 |
$35,211 |
$35,211 |
Non-Resident Tuition & Fees* |
$54,258 |
$54,258 |
$53,483 |
$53,483 |
TOTAL RESIDENT EXPENSES (including tuition) |
$60,594 |
$63,284 |
$64,596 |
$62,211 |
TOTAL NON-RESIDENT EXPENSES (including tuition) |
$79,558 |
$82,248 |
$83,618 |
$81,233 |
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% non-resident increase over 2016-2017 rates. Actual tuition will be set by the Regents of the University of Michigan in June 2017. If tuition is less, the budget will be adjusted to reflect the decrease. Financial aid monies will be reduced from the second disbursement (Winter 2018) of financial aid.
** Budget includes an additional $750 transportation allowance for non-residents.
This budget is subject to change. 1/16/17