"Messages of racial, ethnic or religious discrimination have no place at the University of Michigan," the statement said.
While the school will continue to defend "any individual's right to free speech on our campus," the attacks were "inconsistent with the university's values of respect, civility and equality," administrators said in the statement.
Those values have taken on more importance as "people and beliefs are targets of divisive rhetoric" in a time of "heightened political strife," they added.
The fliers were removed on Monday by a member of the university's community, according to officials.