MD Program Guideline Budget
Classroom amphitheater with instructor and students

Estimated Expenses

Our Guideline Budget represents estimated expenses for students in each of the four years of medical school at U-M.
2024-2025 GUIDELINE BUDGET FOR STUDENTS
 

Sci Trunk

(12 months)

Clin Trunk

(12 months)

Branch 1

(12 months)

Branch 2

(8 months)

Rent-Heating per month$1,600$1,600$1,600$1,600
Utilities (Electric, Phone, Internet) per month$250$250$250$250
Food per month$420$520$520$520
Personal/Misc per month$260$260$260$260
Wellness per month$100$100$100$100
Travel & Transportation per month**$260$465$465$465
Total living expenses per year$34,680$38,340$38,340$25,560
     
Uninsured Medical/Dental Expenses per academic year$1,200$1,200$1,200$800
Books per academic year$1,000$250$0$0
Tech Allowance per academic year$0$500$0$50
Step Study Materials per academic year$100$1,150$0$0
Instruments & Supplies per academic year$150$101$102$100
USMLE Step 1$0$660$0$0
USMLE Step 2 CK$0$660$0$0
Unsubsidized Stafford Loan Origination Fees$498$498$498$428
Total annual expenses$2,948$5,019$1,800$1,378
     
Total resident expenses per year$37,628$43,359$40,140$26,938
Total non-resident expenses per year$38,128$43,860$40,641$27,438
     
Resident Tuition & Fees*$55,968$55,968$55,968$37,312
Non-Resident Tuition & Fees*$75,822$75,822$75,822$50,548
     
Total Resident Guideline Budget$93,596$99,327$96,108$64,250
Total Non-Resident Guideline Budget$113,950$119,682$116,463$77,986
     

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

* Includes an increase of 5.1% resident and 4.9% non-resident tuition over 2023-2024 rates. 

** Guideline budget includes additional $500 transportation allowance for non-resident students.

THIS BUDGET IS SUBJECT TO CHANGE