Tuition, Financial Aid and Scholarships

Funding for your PharmD  can come from a few different sources, including:

• Scholarships through U-M, the College of Pharmacy and private organizations that do not need to be repaid
• Federal and/or private loans that need to be repaid
• Out of Pocket: U-M offers a payment plan option to pay for your degree out-of-pocket in increments

To apply for federal student aid, you need to complete the Free Application for Federal Student Aid (FAFSA) using U-M federal code: 002325. You must indicate to FAFSA that you are a “Graduate Student.”

This application opens in December of each year. Once completed, your information will be used to determine your eligibility for federal aid.

For a full breakdown on filling out your FAFSA and University-backed scholarships, visit the Office of Financial Aid’s website.

When applying for financial aid, it’s important to understand how much funding you will need to cover your tuition, fees, housing and living expenses. The College of Pharmacy has a Student Budget and Loan Estimation Worksheet to help determine your borrowing needs and walk you through financial aid requirements.

Download Worksheet

This worksheet is updated each July to align with tuition costs.

Here are the latest tuition and fees for the Doctor of Pharmacy (PharmD) program:

In-State Tuition

Out-Of-State-Tuition

*Based on full-time enrollment of (9+ credits); rates may increase each academic year.

**P4 Year tuition is three semesters; the first semester rate is set at the previous year
  rate and the remaining two semesters is at the new rate which is always effective
  beginning in the fall term.

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Disenrollment Fees:
Full Term: Students who register and then withdraw after the term begins will be charged a registration and disenrollment fee of $130.
Half Term: Students who register and then withdraw after the term begins will be charged a registration and disenrollment fee of $90.

Late Registration Fees: Beginning the first day of the term a $50.00 late registration fee will be assessed for students who have not previously registered for that term. The late registration fee is increased by $25.00 at the beginning of each subsequent month.

For the PharmD (Professional) program, the above tuition figures are based on enrollment consisting of both the fall and winter terms.  Beginning in 2011, students who are admitted will also be assessed tuition for the summer term between the third and final year of the program.  Students will be eligible to apply for financial aid to cover the expenses associated with this additional required term of enrollment.

Students must pay all accounts due the University according to regulations for such payments. Any student not meeting the terms of the financial obligations to the University is subject to disciplinary action initiated by appropriate University authorities. Students with a “financial hold” are unable to register, drop or add courses, or get a transcript of previous academic work.

The College of Pharmacy is committed to making a PharmD accessible and offers scholarship opportunities for new and current PharmD students.

• Pharmacy Scholarship: This scholarship does not require a separate application. Students will be considered based on their original PharmD application.
  • Residents: $4,000 per year for the first three years, $6,000 in fourth year
  • Non-Residents: $8,000 per year for the first three years, $12,000 in fourth year
• Dean’s Merit Scholarship: Starting in year two, students are eligible for the Dean’s Merit Scholarship which awards all PharmD students achieving a 3.60-4.00 GPA. This scholarship continues in years three and four for those who qualify.
  • This scholarship ranges from $500 to $4,000
• Leader Scholars: This award is given to students who show exemplary leadership in the College. 10-12 students are chosen annually for the Leader Scholars program ahead of their third year through an application process. One scholarship is awarded to a fourth-year student. 
  • Third Year Award: $5,000 (10-12 Students)
  • Fourth Year Award: $10,000 (One Student) 

Students interested in receiving federal financial aid and/or wish to be able to print a 1098-T, and have not already provided their Social Security Number to the University’s Office of the Registar, should complete the following steps beginning March 3:

• Log into Wolverine Access
• Navigate to Student Center
• Click on Document Upload/Wolverine Services at the bottom right corner of the page and complete the cover sheet. You will then be able to upload a copy of your Social Security Card.

Where Funding Comes From

While you focus on your studies and research, your funding comes from:

• Graduate Student Instructor (GSI) Program: Graduate Student Instructors serve undergraduate labs and/or courses for  20 hours per week. GSI positions are typically granted for one term per academic year. The GSI programs covers full tuition, fees and provides a stipend and health insurance. 
• Endowed and Special Fellowships: Several fellowships consisting of a stipend and a tuition scholarship are provided to support full-time graduate study and research at the College. Download the full list here. 
• Graduate Student Research Assistantships: These assistantships are a twelve-month appointment funded by the pharmaceutical industry and federal government. These include stipends, full-tuition assistance, fee coverage and health insurance. 
• Rackham Merit Award: An award consisting of tuition payments and monthly stipends is available to newly admitted students in doctoral programs in biological/health sciences. Read more information here. 
• Training Grants: Awards given by individual departments to allow students to pursue their research and training goals.
• Awards Through Rackham: Check out a full list of potential funding opportunities through Rackham here.

A Guide to PhD Funding

Understand your PhD funding through the Rackham Graduate School by accessing their complete guide.