<p>Also, how much can I expect to receive for an OOS'er? I hear that the university's worst department is the financial aid department. Thanks guys :D.</p>
<p>I don’t think its the worst, but it certainly isn’t the most giving. The school gave me $20,000 and I had to apply for a TON of outside scholarships to fill the difference. </p>
<p>If you are applying this year, then I would suggest applying for scholarships at the same time. I don’t know how everyone else is doing it, but from what I have seen, unless you have amazing stats then don’t expect much.</p>
<p>I’m spending over 200k on it… ****</p>
<p>The financial aid department is definitely not the worst. In March, they sent me a letter saying that I can get up to $18,000(i am only talking about grants). This was not enough for me, so I sent them a letter of appeal, and a couple of weeks ago, the financial aid office sent me another letter, which says that the university can give me $3,000 more. And, the process was very smooth.</p>
<p>school offers about 20 some k in grants, parent covers about 10k, took out 7.5k loans, work and earned about 2.5k this yr, cut back on unnecessary luxury, so it’s doable.</p>
<p>Recharge ***?! You’re taking $200,00 in loans for Michigan? Why?</p>
<p>^^^
Recharge said he was spending $200K, not taking out loans.</p>
<p>There are many students who attend college full pay. It helps to be wealthy.</p>
<p>I am not wealthy, my family only makes 200k a year and spends over 3/4 of it on living expenses.</p>
<p>In general, I think most OOS kids come from wealthy (a 200K/year household income falls under that category by my definition) families. While you might not be able to get the whole tuition from your parents, you are getting a significant portion, correct? That’s how most afford it.</p>
<p>Recharge, making a 200k/yr falls under the top 3% of income earners. So, your family is pretty wealthy.</p>
<p>“wealthy” is relative. 200k/year may seem like a lot to some, but it may actually not be that luxurious of a lifestyle.</p>
<p>200k/year doesn’t buy private jets, but it does pay for college.</p>
<p>I’m still doubtful that 200k/year can pay OOS tuition comfortably. OOS is super expensive.</p>
<p>Maybe not, but it definitely would take it from insane/impossible to reasonable. It’s not that every single OOS kid is full pay from their family, but a large portion of that may be.</p>
<p>My parents only make $120,000 a year, but they’ve decided to pay the whole cost of attendance for me.</p>
<p>ycm1957, same case here. </p>
<p>Around $120K a yr too, but they’re paying it. My part of the deal: getting good grades and make them/myself proud. ;)</p>
<p>(I’m an int’l student.)</p>
<p>D is OOS w/no aid or scholarships. Our family sees education as an investment and though we are by no means wealthy, we have been managing tuition fine with only minimal loans the first year. We use the 10 month payment plan which works very well for us. I have to say we spend much less $ as emptynesters and have not been quick to replace cars, TV’s, and other small things. The little things add up to significant savings that go toward paying tuition. After 2 years, we feel our $ has been quite well spent at U Mich.</p>