<p>Alright, so I'm a little confused on my aid. So, looking at WA, I was offered around $21,000 in scholarships/grants, and around $3,200 in loans for fall-winter. I'm instate, so my tuition - according to umich's website - is around $24k. Does that mean that after finaid, my tuition is only $3,200? Or is it $24k/term?</p>
<p>No, the 24k is not tuition but the student budget for the entire year. Your tuition should be paid for if you got 21000 in scholarships and grants. The loans will go towards miscellaneous things like books and living expenses and possibly a bit of room and board if the budget went up a bit from last year. So in other words, you dont have to spend the loans if you dont want to, but you will probably need some of it.</p>
<p>Yeah basically tuition + room and board is about $21000, the other $3000 is for books and living expenses</p>