For the University of Michigan (U of M) tuition, "low income" is defined by specific family income and asset thresholds that determine eligibility for significant financial aid programs, such as the Go Blue Guarantee. This program aims to make a U of M education accessible to Michigan residents from lower and middle-income backgrounds.
Understanding the Income and Asset Thresholds
The definition of "low income" for tuition assistance at U of M is set to expand, allowing more families to qualify for aid. It's important to note both the current and upcoming thresholds.
Eligibility Thresholds for Tuition Assistance
| Criteria | Current (Up to Fall 2024) | Effective Fall 2025 Onward |
|---|---|---|
| Family Income | $75,000 or less | $125,000 or less |
| Family Assets | Below $75,000 | Below $125,000 |
These thresholds mean that if a student's family income and assets fall within these limits, they are considered to be in the "low income" bracket for the purpose of receiving tuition support from the university.
Additional Eligibility Requirements
Beyond the income and asset criteria, there are other important conditions for a student to qualify for tuition assistance based on these low-income definitions:
- Michigan Residency: Students must be eligible for in-state tuition. This program is specifically designed to support Michigan residents.
- Financial Aid Application: Students must be eligible to apply for financial aid, which typically involves completing the Free Application for Federal Student Aid (FAFSA) and potentially other institutional forms.
- First Bachelor's Degree: The student must be pursuing their first bachelor's degree. This ensures the program supports undergraduate students entering higher education.
These criteria collectively define the population that U of M considers "low income" for the purpose of providing comprehensive tuition support, aiming to reduce financial barriers to a world-class education.
