U.S. students are eligible to apply for a number of grants, private scholarships, and loans with various repayment terms. Financial aid is provided through the University of Michigan Office of Financial Aid and you are encouraged to review the U-M scholarship/fellowship opportunities as well as the online directory of private scholarships.
The Office of Financial Aid offers many publications to help answer your questions, starting with its “Required Reading” brochure. Check out their publication guide.
Various campus-wide scholarship opportunities are offered for Freshman Applicants. The Go Blue Guarantee provides Michigan residents with a family income of $65,000 or less with up to four years of full-time undergraduate study. Incoming freshmen to the Ross School of Business are eligible for these scholarships in addition to the Ross scholarship process listed below.
The Ross School of Business offers a variety of undergraduate merit and need-based scholarships. Scholarship funds come from both corporate and private donors. The majority of scholarships are offered to U.S. citizens and permanent residents.
All incoming BBA students who will be attending at Ross are considered for scholarships. No separate scholarship application is required. Selections are made based on criteria set by the donor. Many of our scholarships require need, so we encourage students to complete the Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov.
Scholarship decisions are made in mid-August to early September, and all selected students are notified via email. There are no full or half tuition scholarships. Ross scholarships average around $5,000 and are very competitive. Since Ross scholarships are awarded in August and September, we advise all students and families to make their decision to attend Ross without considering scholarship aid.
Many of the scholarships are continuing, provided students meet required GPA, enrollment, core values and demonstrate need (if applicable). Scholarships are paid equally split between the fall and winter terms with no exceptions. Students must be enrolled full-time to retain the scholarship. An exception to enrollment may be made in the final term leading to graduation.
Continuing students who did not receive a Ross scholarship as an entering student are re-considered each academic year. Scholarships do not extend to fifth-year seniors in a dual degree program.