Guideline Budget

An allowance for 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.

2009- 2010 ESTIMATED GUIDELINE BUDGET FOR STUDENTS
 
M1
(10 mo)
M2 
(9 mo)
M3    
(12 mo)
M4     
(12 mo)
Rent-heating / month (assumes double occupancy) $740 $740 $740 $740
Electricity/month 40 40 40 40
Telephone/month 95 95 95 95
Food/month 340 340 390 390
Laundry/month 50 50 50 50
Recreation-Personal/month 165 165 165 165
Travel -Transportation /month ** 340 340 520 520
Clothing/month 95 95 95 95
Uninsured medical/dental
(per academic year)		 435 435 500 500
Books and journals
(per academic year)		 1250 700 1000 500
Instruments and supplies
(per academic year)		 750 150 450 150
Stafford Origination fees 42 42 42 42
USMLE Step I & II 0 500 500 0
USMLE Step II CS 0 0 1090 0
USMLE Step II CS Travel 0 0 0 420

 
M1
M2
M3
M4
Total Resident $21,127 $18,612 $28,722 $26,752
Total Non-Resident $21,827 $19,312 $29,422 $27,452
Resident tuition and fees* $26,798 $26,798 $26,402 $26,402
Non-resident tuition and fees* $42,750 $42,750 $42,118 $42,118
Total Resident (inc. tuition) $47,925 $45,410 $55,124 $53,154
Total Non-Resident (inc. tuition) $64,577 $62,062 $71,540 $69,570

(Annual figures vary according to length of academic year)

Mandatory health insurance costs are not included in this budget. Health insurance costs may be funded through outside sources upon request.

* Includes estimated 3% tuition increase over 2008-2009 rates. Actual tuition will be set by the Regents of the University of Michigan in July 2009. If tuition is less, the budget will be adjusted to reflect the decrease. Financial aid monies will be reduced from the second disbursement (Winter 2010) of financial aid.

***********************************

** Guideline budget includes additional $700 transportation allowance for non-residents.

*** Guideline budget includes an additional $300 for M3 students for required PDA.

THIS BUDGET IS SUBJECT TO CHANGE

 1/8/09 - Revised 2/18/09

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