|
Guideline Budget
Application & Instructions
Sources of Aid
Outside Scholarship Search
FAQs
Financial Aid Links
Contact Us
Financial Home
|
|
Budget
Information
2003-2004 Estimated
Guideline Budget
This Estimated
Guideline Budget represents expenses for the student only. Spouses are
not covered in the budget. An allowance for dependent children may be
included depending on the results of the Federal need analysis formula.
2003-2004
RESIDENT STUDENT GUIDELINE BUDGET
| Expense
Item |
M-1
(10 mo)
|
M-2
(11 mo)
|
M-3
(12 mo)
|
M-4
(11 mo)
|
Rent-heating
per month
(assumes double occupancy) |
$615
|
$615
|
$615
|
$615
|
| Electricity/month |
25
|
25
|
25
|
25
|
| Telephone/month |
80
|
80
|
80
|
80
|
| Food/month |
270
|
270
|
300
|
315
|
| Laundry/month |
50
|
50
|
50
|
50
|
| Recreation-Personal/month |
130
|
130
|
130
|
130
|
| Travel-Transportation/month
(1) |
280
|
280
|
420
|
420
|
| Life
Insurance/month |
25
|
25
|
25
|
25
|
| Clothing/annual
(2) (3) |
740
|
665
|
1125
|
740
|
| Uninsured
medical/dental per academic year |
360
|
360
|
410
|
360
|
| Books
and journals/per academic year |
1400
|
1195
|
705
|
510
|
| Instruments
and supplies/per academic year |
640
|
115
|
115
|
115
|
| Stafford
Origination fees |
127
|
127
|
127
|
127
|
| US
Medical Licensing Exam |
-0-
|
425
|
425
|
-0-
|
| Expense
Item |
M-1
|
M-2
|
M-3
|
M-4
|
| Total
Resident |
$18,017
|
$19,112
|
$22,647
|
$20,112
|
| Total
Non-Resident |
$18,717
|
$19,815
|
$23,347
|
$20,812
|
| Resident
tuition and fees* |
$20,525
|
$20,525
|
$20,525
|
$20,525
|
| Non-resident
tuition and fees* |
$31,525
|
$31,525
|
$31,525
|
$31,525
|
| Total
Resident (inc. tuition) |
$38,542
|
$39,637
|
$43,172
|
$40,637
|
| Total
Non-Resident (inc. tuition) |
$50,242
|
$51,337
|
$54,872
|
$52,337
|
(Annual figures vary
according to length of academic year)
* Includes estimated
3% tuition increase for residents and non-residents over 2002-2003 rates.
Actual tuition will be set by the Regents of the University of Michigan
in July 2003. If tuition is less, the budget will be adjusted to reflect
the decrease. Financial aid monies will be reduced from the second disbursement
(Winter 2004) of financial aid.
Mandatory health
insurance costs are not included in this budget. Health insurance costs
may be funded through outside sources upon request.
- Guideline budget
includes additional $700 transportation allowance for non-residents.
- M-1 guideline
budget includes additional funds for white coats.
- M-3 guideline
budget includes additional funds for clothing for residency interviewing.
THIS BUDGET IS
SUBJECT TO CHANGE
|
|
