Financial Aid for OOS students?

Colleges and Universities A-Z University of Michigan
1

<p>People have said that OOS students will only be eligible to receive federal aid</p>

<p>I doubt Federal loans/grants and work study can cover the 46k that the website estimates for OOS Freshmen.</p>

<p>My EFC is very low but if it doesn't make a difference for UM, then I'm not sure what I should do...</p>

<p>I didn't get accepted yet (I also havnt gotten rejected yet) but I'd hate to be accepted but be denied admission indirectly b/c of financial troubles :(</p>

2

<p>Umich doesn’t have too much aid for OOS. You will most likely need to find other sources to cover costs.</p>

3

<p>I’m from NY and I’ve actually gotten a lot of aid from Michigan. I’ve gotten a scholarship and several grants and will only have to pay about 7k a year.</p>

4

<p>Plain and simple - Not true. I’m Out of State, and along with my $20,000/yr scholarship, I was offered over $24000 in grants, with only about 2190 (living expenses) spread out among unsub fed loans and fed work-study.</p>

<p>Mine looks like this:
--------------------------------------------------Offered------Accepted
REPORTED DEPARTMENT AID-F/W–Departmental----20,000.00—20,000.00

  • MICHIGAN GRANT-----Grant----------------------20,152.00—20,152.00
  • EST FED ACADEMIC COMP GRANT-------Grant-----750.00------750.00
  • FED PELL GRANT-----------------------Grant-----3,900.00----3,900.00
  • FEDERAL WORK STUDY-----Work/Study-----------953.00------953.00
  • FED UNSUB DIRECT LOAN—Loan-----------------1,448.00-----0.00
    Fall-Winter Totals----------------------------------47,203.00—45,755.00</p>

<p>And that’s out of state, so don’t lose hope, OOS aid does exist.</p>

5

<p>Antonioray, my suspicion having observed these things is that your combined aid package will reflect at least two components, the U-calculated expected family contribution and your ‘admit’ ranking – eg. HA means high admit, meaning the school really wants to get you. The ranking you will never know directly (but a hint is that there’s usually already a merit scholarship) and is based on that ‘holistic’ assessment of your application.</p>

<p>If you are a “high admit” AND have a “high need” it is very likely you can see a package similar to that offered to Lightja, for example.</p>

<p>If you are a “high admit” and have a “high EFC” close to the cost of attendance, you will likely NOT see as much, but possibly still some via merit.</p>

<p>If you were a “RA” (recommend admit) with a high need, you would quite possibly have a good amount of your need met, but might still have a gap out of state. </p>

<p>If you were a “RA” with NO or LOW need, then you might only see federal loans and the plus.</p>

<p>Time and available funding are also a function of the formula, from what I can tell.</p>

<p>This is not hard and fast guidance, just a sense of pattern from first hand experience and from thread-perusing. But that’s my sense of it.</p>

6

<p>My experience is the RA admit will end up paying the OOS-Instate
differential, about $20K, out of pocket in Plus loans etc.</p>

7

<p>My son was a high admit with lower need (not no need)(about $18,000 gap) OOS and we only received $5,500 in loans…but we were not surprised because we knew that we were missing the hooks like: large family, URM, living in a state that is underepresented at Michigan, first generation college student, single parent household, etc. The diversity factor is very high on Michigan’s list of rounding out their acceptance pool and will give you the $$$ to persuade attendance. As Lightja pointed out on his previous stats that he is also from Kentucky, and a first generation college student. It all helps…stats and efc are only part of that magic equation. Good luck!! PS Diversity at the U of Michigan is one of the many reasons to choose this great school!!!</p>