Financial Aid for out of state students

<p>Assuming many on this forum has reviewed financial aid offers to many students, what are public universities that offer need amount of financial aid to out of state students? Mainly speaking of those rank by USNEWS.</p>

<p>USNEWS national rankings
National</a> Universities Rankings - Best Colleges - Education - US News and World Report</p>

<p>This is urgent, thanks</p>

<p>Public universities are funded by the taxpayers of that given state. Therefore, their first priority is to educate the children of taxpayers of that state at a reasonable cost. Therefore, their priority is NOT to educate the children of taxpayers of other states if they have to subsidize them. Obviously some states have reciprocal agreements (e.g., Wisconsin and Minnesota), and others offer generous scholarships to up the quality of the overall student body (e.g., Alabama, which would love smart students from just about anywhere), but aside from that, an out-of-state public university isn’t where I would expect to find a lot of financial aid.</p>

<p>Since you’re from Michigan check out the Midwest Student Exchange Program:
[MSEP</a> Home Page](<a href=“http://www.mhec.org/index.asp?pageid=1]MSEP”>http://www.mhec.org/index.asp?pageid=1)</p>

<p>We’re not counting on any need based aid from an OOS university. Instead, S is applying to an OOS that has a few merit based scholarships that OOS students are allowed to compete for.</p>

<p>Thanks for replies, really looking forward to more</p>

<p>I can’t apply for merit scholarhips, did not take psat.</p>

<p>I also will look more into Midwest Student Exchange Program.</p>

<p>Coolbreeze, not all schools require the PSAT. Most will look at the SAT/ACT scores, along with your GPA.</p>

<p>"an out-of-state public university isn’t where I would expect to find a lot of financial aid. "
That basically sums it up, especially these days when public universities need to raise funds. The exception might be, for example, the incredibly gifted MIT level applicant that the U of M wants to land.[my son went to school with a scary-smart girl who was offered a full ride at Michigan, but decided to go to MIT instead.]</p>

<p>I think to get good aid as a OOS public student you need to be in the top 25%, or perhaps higher, of students applying to that school.</p>

<p>Many High ranking publics see OOS as a way to raise money and don’t offer much aid to them. Univ of Colorado, and Univ of Washington among others are famous for that.</p>

<p>The lower your ACT scores the lower down the ranking you will have to go to find good aid.</p>

<p>My sons had scores of 32 on the ACT and had great aid offers in both need grants and merit scholarships from these publics:</p>

<p>Univ of Arizona
Univ of Wyoming
Oregon State Univ
Univ of Utah</p>

<p>The rest were private schools they applied to and several of these also had solid aid packages.</p>

<p>University of Virginia, I believe, offers to meet 100% of the demonstrated financial need of all U.S. accepted students regardless of their state. I don’t think any other public does this. Most publics aren’t able to do this even for needy in-state accepted students. Given the recession, I’m wondering if Virginia will be able to keep offering such excellent aid to out of state students. </p>

<p>Assuming that you live in Mich., probably your best bet is Michigan universities, which include one of the top universities in the country – U Mich.</p>

<p>Contrary to conventional wisdom on CC, top public universities tend to give a lot of need-based financial aid to OOS students. The data are available from the online edition of US News.</p>

<p>School/ US News rank/ % of OOS receiving need-based aid / ave OOS award</p>

<p>UC Berkeley / 21 / 33% / $21,868
UVA / 23 / 25% / $21,925
UCLA / 25 / 26% / $21,607
Michigan / 26 / 39% / $20,971
UNC Chapel Hill / 30 / 35% / $18,586</p>

<p>Thus the average aid awards appear pretty comparable, but there’s significant variance in the percentage of OOS students getting FA, from a low of 25% at UVA to a high of 39% at Michigan. Since to my knowledge UVA is the only one of those schools to promise to meet 100% of financial need for admitted OOS students, it’s low percentage of OOS students receiving FA suggests it may not be “need-blind” in admissions, screening out a significant fraction of applicant with financial need—though that’s just speculation on my part.</p>

<p>Also, keep in mind that there’s wide variance in the percentage of OOS students at top publics:</p>

<p>School / % OOS</p>

<p>UC Berkeley / 7%
UVA / 28%
UCLA / 6%
Michigan / 35%
UNC Chapel Hill / 17%</p>

<p>But need-based aid is supplemented by non-need based aid. Here the differences are even starker:</p>

<p>School/ % OOS receiving non-need-based gift aid / ave non-need-based gift award</p>

<p>UC Berkeley / 21% / $15,964
UVA / 17% / $11,682
UCLA / 16% / $14,278
Michigan / 42% / $11,461
UNC Chapel Hill / 12% / $7,426</p>

<p>The cumulative result, adding need-based to non-need-based aid, seems obvious. Michigan enrolls a far higher percentage of OOS students than other schools in this cohort, and gives a substantially higher percentage of them need-based aid, with an average award figure that is comparable to other schools in this group. And when it comes to non-need-based aid, it’s no contest: Michigan not only has more OOS students, but it gives a far higher percentage of them non-need-based aid, at an average award that is right in the middle of this group of schools.</p>

<p>Individual results may vary, of course. But among the top 5 public universities, it appears Michigan is by far the most generous with both need-based and non-need-based financial aid.</p>

<p>“Contrary to conventional wisdom on CC, top public universities tend to give a lot of need-based financial aid to OOS students.”</p>

<p>But are those schools meeting 100% of demonstrated need of OOS students? Many if not most public universities don’t even meet 100% of demonstrated need of in-state students.</p>

<p>In addition, considering how bleak the economy is and how all colleges are having to cut back, it’s hard to imagine that public colleges that have been generous to OOS students will be able to continue to do so now.</p>

<p>This is last year’s data but still might be useful to peruse - [Best</a> Values in Public Colleges for 2008-2009 - Kiplinger.com](<a href=“Best Values in Public Colleges for 2008-2009 | Kiplinger”>Best Values in Public Colleges for 2008-2009 | Kiplinger) Table can be found here <a href=“http://www.kiplinger.com/tools/colleges/pubcollege.php[/url]”>Kiplinger | Personal Finance News, Investing Advice, Business Forecasts;

<p>I see that UNC also has been meeting 100% of demonstrated financial need.</p>

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<p>True, most publics don’t meet 100% of demonstrated need, but at the top schools it’s pretty close: According to Kiplinger’s data, the percentage of need met by the top 5 publics are:</p>

<p>UVA 100%
UNC Chapel Hill 100%
Michigan 90%
UC Berkeley 88%
UCLA 81%</p>

<p>Since Michigan in particular seems to give a fairly high percentage (42%) of OOS students non-need-based gift aid (i.e., merit scholarships in one form or another) on top of the 40% or so who receive need-based aid, I’d say it’s worth applying and seeing what the financial package looks like, instead of simply assuming you won’t get anything–or won’t get enough. To reiterate, the idea seems to be widespread on CC that OOS students get shut out on financial aid at the top publics. In fact, they’re putting millions of dollars on the table. If you don’t claim it, someone else will. Maybe you can do better at a private school. Maybe. But you won’t actually know unless you apply and see the numbers.</p>

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<p>As for the idea that all this financial aid is going to dry up—I seriously doubt it. I don’t know much about the finances of the other top publics as I know about Michigan, but there two factors that will continue to push strongly in the direction of continued financial aid. First, for OOS students in particular, financial aid is really just a form of tuition discounting. Michigan gets 35% of its students from OOS. The full sticker price of an OOS tuition is 3 times that of an in-state tuition. Do the math: that means if everyone paid full freight, the 35% of students who are OOS would produce 50% more tuition revenue than the 65% of students who are in-state. Bottom line, Michigan simply needs a large OOS representation to make its finances work. Of course, not everyone pays full sticker price. Roughly 40% of OOS students get a discount in the form of need-based aid worth an average of $20K; another 40% (probably some overlap) get another tuition discount in the form of non-need-based (“merit”) aid worth an average of $10K. That substantially cuts into the OOS revenue; but they’re also doing a lot of discounting for in-state students. So after all the discounting, when all is said and done they’re still bringing in a far larger net revenue on a per-capita basis and on a cumulative basis from the OOS than from in-state students. If they eliminate or drastically shrink the discounts, they’ll lose OOS students—either that, or be forced to go much further down in the applicant pool to find full-pays, thus weakening their entering class. They’re selling a service. It has to remain competitive in price, as well as remaining competitive in quality. The way they get there is through tuition discounts known as financial aid. They can’t discontinue the discounting policy just because times are tough, because if they did they’d be in even worse financial straits. They may need to increase the discounts to maintain market share—just as many private schools are doing, even though their budgets have also been hammered by drastically shrinking endowments and increased demand for financial aid. Schools don’t give away financial aid out of a sense of generosity when they’ve got scads of extra cash lying around. It’s just a hard-headed, but very straightforward, business proposition.</p>

<p>One other factor: at Michigan, a very large part of the endowment is tied up in special-purpose designated funds, much of it for financial aid. They simply can’t get at the payout from that part of the endowment for any other purpose. Thus endowment payout fuels the discounts that draw the OOS tuitions they need to balance their budget. That won’t be discontinued, because it can’t be.</p>

<p>Thanks,</p>

<p>I’am a resident of Michigan, with intentions of applying to Michigan State University and University of Michigan- Ann Arbor.</p>

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<p>Yes…and the above schools are very competitive for admissions especially for OOS students. So hurdle one…you have to get accepted.</p>

<p>re: merit scholarships…I think the OP is confusing NATIONAL merit scholarships with MERIT scholarships. OP…there are some public universities which have excellent merit awards for students who are at the tippy top of their admissions pool. Check the McNair Scholarship at U of South Carolina, the Pogue at UNC Chapel Hill, Jefferson at UVA. There are not a LOT of these awarded but OOS students are just as eligible as instate.</p>

<p>bc: don’t forget that Chapel Hill is ~10k cheaper to attend OOS than the others. Thus, the grant dollars should be lower.</p>