Financial Aid & Scholarships
2 out of 3 U-M students receive financial aid - including grants, loans, scholarships, and workstudy awards.
Determining how you are going to pay for your college education is an important consideration for you and your family. The good news: the University of Michigan has many resources to help students and parents get financially prepared for college.
We encourage you to visit both U-M Admissions and U-M’s Office for Financial Aid for excellent resources to help with calculating costs, financial planning and detailed information about applying for financial support.
In addition, the Stamps School offers competitive scholarships and grants for both admitted and continuing students, from tuition scholarships to travel grants. This support is made available through the generosity of alumni and friends of the School.
Frequently Asked Questions
- What Federal Financial Aid may be available?
- What financial aid is available through the University of Michigan?
- What kind of scholarships are available for admitted Stamps students?
- How do I apply for scholarships from the Stamps School?
- Should I apply for financial aid?
- How and when do I apply for financial aid?
- What if I don’t get a scholarship from Stamps my first year?
- If I don’t get awarded any scholarships, what else can I do?
What Federal Financial Aid may be available?
All U.S.citizens and permanent residents are encouraged to complete the Free Application for Federal Student Aid (FAFSA) which is available on January 1 each year. Students must complete it by April 30 to ensure that they are eligible for all available aid. Please visit the Office of Financial Aid website for detailed information and application materials: http://www.finaid.umich.edu/
Visit U-M's Financial Aid site for a timeline of financial aid deadlines both both entering and continuing students.
What financial aid is available through the University of Michigan?
The University of Michigan offers grants, scholarships, loans, and federal Work-Study funds to eligible entering and continuing students. About 70 percent of Michigan resident undergraduates and 53 percent of nonresident undergraduates on the UM-Ann Arbor campus receive need-based and/or non-need-based financial aid.
Prospective freshmen begin the financial aid application cycle in the fall of their senior year in high school, and qualifying students who have met the application deadlines are automatically considered for both federal and state need-based aid programs, university need-based grants, and university-administered scholarships.
Students must reapply for aid each subsequent year. Most financial aid is renewable, provided that the student continues to meet federal and university eligibility criteria.
For more information, visit http://www.finaid.umich.edu/
What kind of scholarships are available for admitted Stamps students?
We have portfolio-based scholarships as well as merit-based (academics and portfolio) scholarships. All our scholarships are highly competitive and range from $1000 to $20,000. The good news is that every student admitted to Stamps is automatically considered for our scholarships.
Be sure to let us know if you receive a visual arts National Gold Medal or National Silver Medal from Scholastic Art Awards! We offer an $8,000 scholarship to recipients of such awards.
How do I apply for scholarships from the Stamps School?
You don’t even have to apply! Once you’re accepted to Stamps, you are automatically eligible for our scholarships for new students. The Stamps School will notify you of your scholarship award. Applications for scholarships for continuing students will be announced during the winter term of your freshman year.
Should I apply for financial aid?
Yes! Families are often surprised about what kind of financial aid is available. Both the FAFSA and the College Scholarship Service Profile (CSS PROFILE) are also used to help determine your eligibility for University of Michigan institutional grant assistance.
How and when do I apply for financial aid?
Here are the deadlines to remember:
- October 1: You should complete and submit a CSS PROFILE application as soon as possible after this date.
- January 1: You should complete and submit your FAFSA application as soon as possible after this date.
- April 30: This is U-M’s priority filing date—that means that the University's Office of Financial Aid must receive your FAFSA and PROFILE records by this date to consider you for all aid programs. Remember to allow 3-4 weeks before this date for processing.
- May 1: This is the enrollment deposit deadline after you’ve been accepted. If you apply before this date, you can receive an aid offer early.
What if I don’t get a scholarship from Stamps my first year?
There are many forms of financial assistance for continuing students throughout their four years. At the discretion of the Associate Dean for Undergraduate Education, funding is available for tuition support, special projects, exhibitions, conferences, international travel and financial emergencies. Scholarship competitions for continuing students are announced toward the end of winter term for the subsequent year. For a list of scholarship opportunities for continuing students, click here.
If I don’t get awarded any scholarships, what else can I do?
- Sometimes a family’s financial circumstances are not fully considered by the FAFSA, and sometimes those circumstances change after the FAFSA was submitted. If so, then, check with a financial aid advisor as soon as possible. They may be able to adjust your award given your circumstances.
- Check our career opportunities section, where John Luther posts freelance job opportunities for art and design students. Some are short-term tasks (e.g., design a logo) that can bring in extra cash.