d approximately 6,000 new students enroll.[88][89] Students come from all 50 U.S. states and more than 100 countries.[90] Approximately 95 percent of the university's incoming class of 2013 had an unweighted high school GPA of 3.5 and higher, with the average accepted unweighted GPA being a 3.85. The middle 50 percent of admitted applicants reported an SAT score of 2030-2250

 who earn all A's for two or more consecutive terms in a calendar year are recognized as James B. Angell Scholars and are invited to attend the annual Honors Convocation, an event which recognizes undergraduate students with distinguished academic achievements.[81]
Out-of-state undergraduate students pay between US $36,001.38 and $43,063.38 annually for tuition alone while in-state undergraduate students paid between US $11,837.38 and $16,363.38 annually.[82] U-M provides financial aid in the form of need-based loans, grants, scholarships, work study, and non-need based scholarships, with 77% of undergraduates in 2007 receiving financial aid.[83][84] For undergraduates in 2008, 46% graduated with about $25,586 of debt in 2008.[84] The university is attempting to increase financial aid availability to students by devoting over $1.53 billion in endowment funds to support financial aid.[85][86][87]
Student body[edit]
In Fall 2012, the university had an enrollment of 43,426 students: 27,979 undergraduate students, 12,714 academic degree-seeking graduate students, and 2,733 first professional students[4][54] in a total of 600 academic programs. Of all students, 36,650 (87.4 percent) are U.S. citizens or permanent residents and 5,274 (12.6 percent) are international students. Each year, some 45,000 people apply for freshman admission; just under a third of applicants are admitted and approximately 6,000 new students enroll.[88][89] Students come from all 50 U.S. states and more than 100 countries.[90] Approximately 95 percent of the university's incoming class of 2013 had an unweighted high school GPA of 3.5 and higher, with the average accepted unweighted GPA being a 3.85. The middle 50 percent of admitted applicants reported an SAT score of 2030-2250 (Critical Reading 650-740, Math 680-780, Writing 660-760) and an ACT score of 29-33.[91] Full-time students make up about 97 percent of the student body. Among full-time students, the university has a first-time student retention rate of 97 percent.[92]
Demographics of student body[93][94]
Undergraduate    Graduate    Michigan    U.S. Census
African American    5.8%    4.2%    14.1%    12.4%
Asian American    12.1%    8.8%    2.3%    4.3%
European American    65.0%    48.5%    79.6%    74.1%
Hispanic American    4.1%    3.6%    3.9%    14.7%
Native American    <1%    <1%    0.5%    0.8%
International student    5.7%    30.9%    N/A    N/A
In 2012, undergraduates were enrolled in 12 schools: About 62 percent in the College of Literature, Science, and the Arts; 21 percent in the College of Engineering; 4 percent in the Ross School of Business; 3 percent in the School of Kinesiology; 3 percent in the School of Music, Theatre & Dance; and 2 percent in the School of Nursing. Small numbers of undergraduates were enrolled in the colleges or schools of Art & Design, Architecture & Urban Planning, Dentistry, Education, Pharmacy, and Public Policy.[54] Among undergraduates, 70 percent graduate with a bachelor's degree within four years, 86 percent graduate within five years and 88 percent graduating within six years.[92]
Of the university's 12,714 non-professional graduate students, 5,367 are seeking academic doctorates and 6,821 are seeking master's degrees. The largest number of mast