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University of Michigan, Ann Arbor
M-PACT
For Michigan residents with an EFC of zero, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.| For Michigan residents with an EFC of zero. . . | 2009-10 Estimated Student Budget | ||||||||||
| After the family covers any EFC, the program assures enough work-study and grant aid to cover these expenses |
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Total Expenses: $23,721
About the Financial Aid Pledge (2009-10):
Who qualifies for the pledge (in addition to common requirements)?
Michigan residents with an EFC of zero pursuing their first bachelor's degree.
Michigan residents with an EFC of zero pursuing their first bachelor's degree.
How is EFC determined and used?
Federal Methodology and Institutional Methodology. EFC is used to determine the amount of the M-PACT grant.
Federal Methodology and Institutional Methodology. EFC is used to determine the amount of the M-PACT grant.
How much academic year work and/or need-based loans are included?
No loans and $2,500 work-study.
No loans and $2,500 work-study.
Does the offer account for the full student budget?
Yes.
Yes.
How are outside scholarships handled?
Outside scholarships reduce the loan then work-study before reducing grant aid.
Outside scholarships reduce the loan then work-study before reducing grant aid.
Note:
M-PACT also provides grants to students with an EFC between $1 and $6000 to reduce the loan burden.
M-PACT also provides grants to students with an EFC between $1 and $6000 to reduce the loan burden.
About the Institution (2007-08):
Location: Ann Arbor, MIType: Public 4-year
Undergraduate enrollment: 26,964
Pell Grant recipients (a measure of low-income enrollment): N/A%
Proportion of graduating seniors with student debt: 46%
Average debt: $25,586
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