Financial Aid with $0 Income

Colleges & Universities A-Z University of Michigan
1

<p>Is it possible to get a full ride if a family has $0 income?</p>

2

<p>I hope not…if you are getting a degree to make money you should be able to take out and pay back loans like anyone else. I’m sure you will get more grants than the average
student but I would expect some loans along with those.</p>

3

<p>oh. some schools do give full rides for low income if there generous. my cousin’s go to uva (oos), and they all got full rides through financial aid</p>

4

<p>If you are instate, Michigan says they try to meet need for in-state students. I don’t believe there are any “full ride” scholarships anymore at UofM. The Shipman used to come close for in-state students and the Shipman is by invitation. I believe now it is $12,000 plus $8000 toward room and board which does not cover even 100% of freshman costs. Need will be met with a student federal direct loans and a variety of grants and scholarships. “Need” is determined by the college based on the FAFSA and Profile information . Michigan does not guarantee to meet need for out of state students or internationals. You will be able to take out a federal direct loans which is $5500 a year for freshman at this point in time.</p>

5

<p>He is oos and not sure where the zero income is coming from since in a previous post he talked about his sister going to U of M and his parents paying 27 grand on a 40,000 a year income. Out of staters pay through the nose to help with the low in state tuition.</p>

6

<p>@ riverbirth, I didnt say I had $0 income. I just asked if a family did.</p>

7

<p>My girlfriend has a full ride + several thousand for anything remotely related with school. In fact she had to turn down some of what was offered. She is instate and has a high gpa. So it’s is possible.</p>

8

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<p>Yes, since Michigan states they try to meet for instate if her need is very high it’s possible. There is a different for in state and out of state.</p>

9

<p>Yeah I know several people who attend Mich who are instate and get a full ride + extra money, but I meant OOS applicants. I should of added that in my first post.</p>