Ann Arbor Area Community News
This Sunday’s AA News article, U-M aims to increase student financial aid includes statistics on the household incomes of U-M students. 55% of current U-M students come from households with incomes over $100,000/year. Over 12% (1 in 8) come from households with income in excess of $250,000. And the disparity appears to be getting worse:
The most common income level for families of freshmen entering U-M last fall was from $100,000 to $149,000, the range that applied to about 24 percent of the class. The next highest group, for about 15 percent of the freshmen, was family income of between $75,000 and $99,999. The third largest group, about 13 percent, was families with incomes of more than $250,000.
Which explains the U-M’s stated effort to do more to encourage low- to middle-income students to come to the University. Michigan’s median household income is around $45,000/year. The US median is around $43,000/year. (Stats from the US Census Bureau
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