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.

2008- 2009 ESTIMATED GUIDELINE BUDGET FOR STUDENTS
 
M1
 (10 mo)
M2
 (9 mo)
M3      (12 mo)
M4      (12 mo)
Rent-heating / month (assumes double occupancy) $700 $700 $700 $700
Electricity/month 35 35 35 35
Telephone/month 90 90 90 90
Food/month 320 320 370 370
Laundry/month 50 50 50 50
Recreation-Personal/month 155 155 155 155
Travel -Transportation /month ** 320 320 490 490
Clothing/month 90 90 90 90
Uninsured medical/dental
( per academic year)		 410 410 475 475
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 85 85
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 $20,052 $17,642 $27,360 $25,390
Total Non-Resident $20,792 $18,382 $28,100 $26,130
Resident tuition and fees* $26,005 $26,005 $25,380 $25,380
Non-resident tuition and fees* $41,485 $41,485 $40,302 $40,302
Total Resident (inc. tuition) $46,057 $43,647 $52,740 $50,770
Total Non-Resident (inc. tuition) $62,277 $59,867 $68,402 $66,432

(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 5% tuition increase for residents and 6% for non-residents over 2007-2008 rates.  Actual tuition will be set by the Regents of the University of Michigan in July 2008.  If tuition is less, the budget will be adjusted to reflect the decrease.  Financial aid monies will be reduced from the second disbursement (Winter 2009) of financial aid.

 ***********************************

** Guideline budget includes additional $740 transportation allowance for non-residents.

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

 THIS BUDGET IS SUBJECT TO CHANGE

                                                                                                                                            1/8/08
Rev. 2/14/08

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