nt which recognizes undergraduate students with distinguished academic achievements.[81] Out-of-state undergraduate students

 research university accredited by the North Central Association of Colleges and Schools.[75][76][77] The four year, full-time undergraduate program comprises the majority of enrollments and emphasizes instruction in the arts, sciences, and professions and there is a high level of coexistence between graduate and undergraduate programs. The university has "very high" research activity and the "comprehensive" graduate program offers doctoral degrees in the humanities, social sciences, and STEM fields as well as professional degrees in medicine, law, and dentistry.[75] U-M has been included on Richard Moll's list of Public Ivies.[78] With over 200 undergraduate majors, 100 doctoral and 90 master's programs,[79] U-M conferred 6,490 undergraduate degrees, 4,951 graduate degrees, and 709 first professional degrees in 2011-2012.[80]
National honor societies such as Phi Beta Kappa, Phi Kappa Phi, and Tau Beta Pi have chapters at U-M.[81] Degrees "with Highest Distinction" are recommended to students who rank in the top 3% of their class, "with High Distinction" to the next 7%, and "with Distinction" to the next 15%. Students earning a minimum overall GPA of 3.4 who have demonstrated high academic achievement and capacity for independent work may be recommended for a degree "with Highest Honors," "with High Honors," or "with Honors."[81] Those students 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%