Alexandre- Fin AId for Michigan Residents

<p>the biggest impetus for my going to michigan if i do go, will be the finances. since all of the schools i applied to are good schools and such i need to calculate which school i will be able to afford. My EFC is 3,600. do you think i should be able to receive some grant money?</p>

<p>Sorry, not Alexandre, but my first question would be how certain you are that your EFC is $3600. U-M makes some adjustments to make up for things that the FAFSA overlooks.</p>

<p>If so, you sound like the kind of student who would be helped by M-PACT. Not only would I suspect you'll get some grant aid, but you may get more grant aid under this new program. Not a huge amount of additional grant, but every bit helps as it reduces loan.</p>

<p>I think all colleges basically take your EFC and subtract it from the total cost to attend their school. They try to help you cover the difference if they can - whether it's through grants, loans, or work study.</p>

<p>Not to mention U-M meets the full demonstrated need of its residents.</p>

<p>So if pp's cost of attendance is $18,200 (or thereabouts) and the EFC is $3,600, that's a need of $14,600. If U-M offers nothing but work study and loans for that amount, I'll eat my hat. It would be very unusual, if not unheard of, for a student in this situation to NOT get some grant or gift aid.</p>

<p>"Not to mention U-M meets the full demonstrated need of its residents."</p>

<p>Is this really true? Michigan offered me the full cost of attendance, but my friend got only a $2000 loan, and I would highly doubt his EFC is $16,000, not to mention his brother is currently attending Michigan.</p>

<p>It's been U-M's policy for over 30 years.</p>