<p>The amount of money for non-need merit scholarships at UM has been fairly stable over the past few years at around $50(range 48-56) million per year or so. The need based aid, which used to be roughly the same, has grown to double that amount over that time span. This is pretty typical, I think. What also seems to be happening in the past couple of years is that more of the non-need based aid is being shifted to FA packages for needy students.</p>
<p>The amount of non-need based merit given to non-needy freshmen in years 2008-2013 is (in millions of $) 17.5, 14.9, 13.4, 16.3, 8.5, 5.4. So a pretty significant drop in merit aid to non-needy students recently, though the total amount of non-need based aid has not changed and neither has the number of non-needy freshmen.</p>