<p>We are out of state. Son is in Ross and Engineering at Mich; Tepper Business and Carnegie Institute of Technology at CMU and Engineering School [while simultaneously looking at a potential business minor program] at GA Tech. </p>
<p>None of these three are literally throwing money at us, but Michigan is making attendance pretty darned impossible. Presently they are offering my son a $3,000 work-study and $724.00. Michigan would like our son/parents to collectively borrow nearly 3 times our FAFSA EFC and over twice what they calculated we'd owe based upon the CSS Profile. </p>
<p>As all of these schools have very differing prices, am just looking at the bottom line and what it gets you. CMU is asking us to borrow $11,000 / yr less than Michigan and GA Tech is asking us to borrow $16,000 / yr less than Michigan. If money wasn't an issue, son would be a Wolverine - no discussion. </p>
<p>Engineering is more important to him than Business, but Ross and Tepper are household names and he can't put that behind him. All the while, he knows he'll need a separate MBA down the line... </p>
<p>So, here's my question. Have any of you out-of-state Michigan students/Alumni gone ahead and attended Michigan while doubling up with jobs, dorm RA to get free room/board and maximized internships your latter years to make attendance at Michigan financially feasible? If so, do you feel you lost out on your college experience in the process? Would you do it all over again if you could go to one of the other two options my son has and have the extra time to focus on studies and enrichment ECs? </p>
<p>Appeal very quickly to the FA office. Call LSA advising tomorrow and talk it over. I think a better question here would be a “how successful was your appeal” question.</p>
<p>You’ve posted on here, so I’m guessing you’re pretty interested in UMich. That, and Mich’s orientations and dorms/housings are getting booked pretty fast, so you better want to act fast too :/</p>
<p>I’m from OOS and my parents have paid in full to the University every year, however we will start to have to take out loans my Junior and Senior year. I have maximized internships so far. I got a paid internship my freshman year for 6 weeks and now I recently got accepted to another internship in China, which is all expenses paid in addition to a 2400 stipend for 12 weeks. I have a had a good college experience, however I can’t afford to take spring/summer classes. Because of this my fall and winter semesters are pretty stressful and I’m usually taking over 16 credits each semester. Overall I will be approximately $90,000 in debt from undergrad, but I’m a premedical student so that number is bound to increase 4 fold. With the governor cutting back on education, Michigan will increase tuition about 7% or less. I just recently interviewed and was accepted to a job at one of the academic organizations on campus. This will be my first job on campus, however I haven’t had experience with housing or being an RA even though I have heard from friends, that it saves a decent amount of money. If you don’t get more aid, I would say that CMU is a smart choice for your son, however I still think Michigan is one of the most well rounded academic and social experiences for your son.</p>
<p>Got back a “so sad, too bad” note from MI FinAID this morning, but they did ask us to submit our PLUS repayment obligations on our daughter’s education [over $105,000]. They did say that if my son has increased grant eligibility as a result, Michigan will revise his award offer.</p>
<p>We’ve invested so much in the process with Michigan thus far that we’ll certainly submit that information to see what they say…</p>