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.

2022-2023 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)

$1,400

$1,400

$1,400

$1,400

Utilities (Electric, Phone, Internet) per month

$250

$250

$250

$250

Food per month

$400

$450

$450

$450

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

$31,800

$34,800

$34,800

$23,200

         

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

$100

$1,150

$0

$0

Instruments & Supplies per academic year

$150

$102

$102

$100

USMLE Step 1

$0

$656

$0

$0

USMLE Step 2 CK

$0

$657

$0

$0

Unsubsidized Stafford Loan Origination Fees

$500

$498

$498

$498

Total annual expenses

$2,950

$5,013

$1,800

$1,328

         

Total resident expenses per year

$34,750

$39,813

$36,600

$24,528

Total non-resident expenses per year

$35,250

$40,314

$37,101

$25,028

         

Resident Tuition & Fees*

$50,763

$50,763

$50,763

$33,842

Non-Resident Tuition & Fees*

$70,212

$70,212

$70,212

$48,808

         

Total Resident Guideline Budget

$85,513

$90,576

$87,363

$58,370

Total Non-Resident Guideline Budget

$105,462

$110,526

$107,313

$71,836

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 14.4% resident and 12.3% non-resident tuition over 2021-2022 rates. A one-time corrective rate increase was implemented for the academic year 2022-2023 to account for a recent shift from 12 to 11 terms for medical degree completion. Typical per-term tuition rate increases have been 3-5%.

** Budget includes an additional $500 transportation allowance for non-residents.

THIS BUDGET IS SUBJECT TO CHANGE