You are actually correct that you were scanned by an official, funded project at the University of Michigan. The research team specializes in "internet-wide measurement", meaning they scan for vulnerabilities on a regular basis in order to get a sort of "Internet health report".
Nonetheless, if this bothers you, visiting the IP that scanned you gives you instructions for opting out: http://141.212.122.194
He asked about why UMichigan is inaccessible from your network. How do you know it was a supported student activity and not either a malicious student, or a machine on the UMichigan network that's been compromised?
Have you reported the activity against your home network to UMichigan?