More affordable for students for a decade running.
Attending an independent, nonprofit college or university in Michigan is more affordable than many may expect. In fact, Michigan is home to some of the most accessible, successful, and affordable independent colleges in the nation.
The overall net price of attendance for students from families with less than $30,000 in annual income is nearly $3,000 less per year than the national average for colleges and universities for students in the same income bracket.
On average, all students in MI are paying $4,000 less than the national average net price.
The total cost of attendance at Michigan's independent, nonprofit colleges and universities has remained affordable for the past decade.
More about the "net price of attendance":
The average net price of attendance is often used as an indicator of affordability at colleges and universities across the nation. This is in comparison to the "sticker price" for tuition. While the "sticker price" for tuition is often viewed as a daunting number, most students and families do not pay the full amount and the net price of attendance is a more accurate example of college costs.
Net cost of attendance is a metric that takes the full cost of attending from room and board to computer equipment, books and supplies, and tuition into consideration. The average net price of attendance also factors in federal, state, and institutional scholarships and grants making it a more realistic metric.