⚠ Policy change effective July 1, 2026: Grad PLUS loans eliminated for new borrowers. Read the law →

New York University vs University of Michigan-Ann Arbor

Funding gap comparison

New York University

, NY

Graduate Studies — $66K/yr

Annual COA
$104,834
Federal Cap
$20,500
Annual Gap
$84,334
Total Program Cost
$209,668
Total Gap
$168,668
Years
2
Classification
Graduate
Tuition
$66,362/yr
Fees
$0/yr
Living Expenses
$38,472/yr
VS

University of Michigan-Ann Arbor

, MI

Business (Executive MBA)

Annual COA
$107,768
Federal Cap
$20,500
Annual Gap
$87,268
Total Program Cost
$269,420
Total Gap
$218,170
Years
2.5
Classification
Graduate
Tuition
$79,600/yr
Fees
$0/yr
Living Expenses
$28,168/yr

University of Michigan-Ann Arbor has a $2,934 larger annual funding gap than New York University.

Frequently Asked Questions

Why do these programs have different funding gaps?

Funding gaps depend on each program's total cost of attendance (tuition, fees, and living expenses) minus the federal loan cap. Programs classified as "professional" have a $50,000 annual cap, while graduate programs are capped at $20,500.

How are these costs calculated?

Costs include tuition, mandatory fees, and estimated living expenses (housing, food, books, transportation, and personal expenses). These are based on published 2025-26 rates and official cost-of-attendance budgets.

What is the OBBBA and how does it affect student loans?

The One Big Beautiful Bill Act (2026) eliminates Grad PLUS loans and replaces them with annual caps: $20,500 for graduate students and $50,000 for professional students. This creates a "funding gap" for programs that cost more than these caps.