Estimated Expenses
Our Guideline Budget represents estimated expenses for students in each of the four years of medical school at U-M.
|
Sci Trunk (12 months) |
Clin Trunk (12 months) |
Branch 1 (12 months) |
Branch 2 (8 months) |
|
| Rent-Heating per month | $1,550 | $1,550 | $1,550 | $1,550 |
| Utilities (Electric, Phone, Internet) per month | $250 | $250 | $250 | $250 |
| Food per month | $400 | $500 | $500 | $500 |
| 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 | $33,600 | $37,200 | $37,200 | $24,800 |
| 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 | $50 |
| Step Study Materials per academic year | $100 | $1,150 | $0 | $0 |
| Instruments & Supplies per academic year | $0 | $660 | $0 | $0 |
| USMLE Step 2 CK | $0 | $600 | $0 | $0 |
| Unsubsidized Stafford Loan Origination Fees | $499 | $498 | $498 | $428 |
| Total annual expenses | $2,949 | $5,018 | $1,799 | $1,378 |
| Total resident expenses per year | $36,549 | $42,218 | $38,999 | $26,178 |
| Total non-resident expenses per year | $37,049 | $42,719 | $39,500 | $26,678 |
| Resident Tuition & Fees* | $53,278 | $53,278 | $53,278 | $35,518 |
| Non-Resident Tuition & Fees* | $72,304 | $72,304 | $72,304 | $48,202 |
| Total Resident Guideline Budget | $89,827 | $95,496 | $92,277 | $61,696 |
| Total Non-Resident Guideline Budget | $109,353 | $115,023 | $111,804 | $74,880 |
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 5% resident and 3% non-resident tuition over 2022-2023 rates.
** Guideline budget includes an additional $500 transportation allowance for non-residents.
THIS BUDGET IS SUBJECT TO CHANGE
