Can u of m be affordable?

Colleges & Universities A-Z University of Michigan
1

<p>My parents both have good jobs, family income of about 120,000, so I'm not going to get any need based, but does u of m give out any worthwhile merit aid? I have a 4.472 GPA (4.0 unweighted), rank 4/388, 35 act, random small academic awards, a few strong extracurriculars, a job, the works.
I'm an instate white female, applying EA
Is there any chance I could go to u of m for, say, 16 or so a year?</p>

2

<p>You are a very competitive applicant and you should be able to get some merit aid. It seems you are look at around $10k/year of merit aid. It is possible but may depends on which school are you applying.</p>

3

<p>I’m applying to LSA, if that makes a big difference</p>

4

<p>Eh, it’s always a bad idea to say that someone is going to get merit aid. Merit aid at Michigan is so ridiculously competitive, that it sometimes seems like they distribute it randomly. The truth is that Michigan just doesn’t allocate a large amount of money towards merit based scholarship, and there are a LOT of extremely high stat students coming in. You will definitely be competitive for merit aid, but as to whether or not you will get a decent amount is another issue entirely.</p>

<p>At 120k per year income, you probably aren’t going to get much in the way of need-based aid. And as we’ve already established, getting merit aid is partially determined by luck. The best thing you can do now is just apply and see what they offer you. You might get lucky, you might not.</p>

5

<p>Apply EA Erin. With your states and IS status, your chances of being accepted in December are reasonably good. At that point, you will be considered for scholarships. As KronOmega points out, Michigan has no policy regarding merit scholarships, so it is random, but a 4.0 student with a 35 on the ACT has a reasonably good shot at a scholarship. You should also apply to some OOS private peers that give generous financial aid. With your household income, elites such as Brown, Chicago, Columbia, Cornell, Dartmouth, Harvard, MIT, Northwestern, Penn and Stanford can provide very generous aid packages.</p>