<p>Hey guys, I was accepted at UMich LSA and I've yet to receive my financial aid package. I'm hoping to receive at least 30k or 40k, if not I wont be able to attend. My parents make a total of 40,000 a year and I also have a sister in college. How much money am I expected to receive? Could you guys help me out, and if not tell me if I need more information? I really want to attend but dont know if I'll afford it...</p>
<p>And when should we expect to receive our financial packages? i was accepted in January..</p>
<p>If you’re OOS, Michigan’s financial aid is very stingy.</p>
<p>They sent me an email telling me to get on Wolverine Access to see my financial aid. I was accepted in December and got the letter at the beginning of March, so you should be getting it soon.</p>
<p>EFC of 33xxx and all I got was the federal loans.</p>
<p>I’m not sure if it’s the norm because most admitted students have already received them. My financial aid papers say that my EFC is 304. I know its low, so would that help me out in terms of financial aid?</p>
<p>Same question as you. D was accepted OOS, but there is nothing yet on the financial aid tab of the Wolverine. She was accepted two weeks ago, so am assuming it is still forthcoming. Have heard not to expect much from them, regardless of EFC. We are assuming she won’t be attending.</p>
<p>I haven’t applied for aid here, but please know that Michigan’s financial aid has a reputation for being pretty awful, especially for out-of-staters. Don’t expect too much.</p>
<p>Folks, I think it depends on your definition of “awful” and whether your are in or out of state, or international, and where you fall in the admit pool.
First, re: returning students – expect we’ll be the last on the list – the new admits need the FA info first; returning students can expect similar packages to the first. We haven’t received ours either. I don’t believe this is unusual.</p>
<p>Secondly, if you are OOS and are comparing Michigan, a public state university, to ivy privates where if you are a low earner they convert to grants or only require 10% of your middle-upper income, and you have a high EFC, sure it is situationally “stingy” by comparison. However, many OOS students with high need receive generous grants.
Which is not to say it is not naive to EXPECT $30 or $40 k in grants – the rare few who get them are both blessed and obviously considered very high admits.</p>
<p>In-state students, while being expected to have some skin in the game via the max. in avail loans, will find the majority of their need met according to UMich’s calculation of their EFC, and in accordance with supplemental information gleaned from the CSS form. So the FAFSA EFC is not necessarily the UMich calculated EFC. </p>
<p>So while I agree its reputation is “pretty awful” for OOS in general, I am not convinced the reputation is entirely fair. When considering an aid package, one should also consider school type (eg. public or private), school rank (quality, student admission profile, and scope of resources) and candidate desirability (high admit, average admit etc.) in that context.</p>
<p>PS For international students, considering that immigration REQUIRES a statement of financial sufficiency in order to be granted a student visa, I don’t think it is especially unfair that aid is more difficult to come by.</p>
<p>We’re OOS. Friend from our hometown got a full ride to U Mich, we got nothing. So it varries according to economic/academic circumstances as to how “stingy” they are. We somehow manage to pay the tuition, but feel that it is worth it for the education and experience we see our D having at U Mich.</p>