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.

2023-2024 GUIDELINE BUDGET FOR STUDENTS

 

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

$150

$100

$101

$100

USMLE Step 1

$0

$660

$0

$0

USMLE Step 2 CK

$0

$660

$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