<p>Since Michigan is public is there a disadvantage for applying for financial aid? And vice versa, is there an advantage NOT applying for financial aid? For instance, if you were out of state and NOT applying for financial aid would that help at all?</p>
<p>I'm just asking because I heard that a lot of public schools are trying to get more out of state kids because they pay higher tuition.</p>
<p>HenryJ…Not sure if you are asking about whether will applying for financial aid will affect acceptance or not. My s got accepted back in Nov. and we are definately filling out the FASA!! We are OOS. Understand that aid comes in many different packages including work study and loans that have to be paid back. Michigan gives very little merit $$ to OOS. My s has 33ACT, 4.0 uw/4.3 w and is in top 2% of his class, (630 students) will grad with 10 AP and has taken all honors classes and no $$$ has come our way so far. Bottom line I do not think big blue cares if you fill FASA, because they do not have to give you $$ and would love to get the full OOS tuition of $50K. They are much more obligated to give $$ to the taxpayers of Michigan.</p>
<p>A large majority of the OOS students at UMich are extremely wealthy; just my assessment based on the last few years…</p>
<p>I reminded my s to hang with the “unaffected” OOS’rs that realize the huge sacrifice their family is making to send him/her to a $50K/year school when our in-state university would give him free tuition. The down to earth Michigan kids will likely be the best role models of all.</p>
<p>you know the part of the application where it asks how much annual income your family makes? i know it says it has no part in admissions… but does it?</p>
<p>if you stated you had a $30,000 yearly income, would it hurt your chances of being admitted (out of state)?</p>
<p>if you stated you had a over $100,000 year income, would it help your chances of being admitted?</p>
<p>My question is if it has no bearing on admissions, than why do they ask. My s says it should not have any bearing, but I have my doubts. Let’s hear what others have to say about it.</p>
<p>i know of an OOS student who got in and put an income of 40k on the application</p>
<p>I got in the first batch, and I marked down an income of $25000-$40000 (or some range like that). I’m in-state so I think U of M guarantees to meet 100% of my need, which will probably be kinda close to a $0 EFC?</p>
<p>Anyways, I don’t think your income has a huge bearing on admissions, although maybe it will if you apply late and U of M is short on cash? idk lolz</p>
<p>I applied kind of late and am out of state… I don’t need any financial aid and marked down the highest income bracket and was wondering if it would help me at all.</p>
<p>I know that sounds awful.</p>
<p>^
Why does it sound awful?</p>
<p>Your parents make a lot of money and that should be something to be happy about.
The University only meets about 80% of OOS needs so if someone less fortunate can’t afford to come, they won’t.
Putting your family income won’t hurt or help you.</p>
<p>I think he’s saying that he doesn’t need aid, so he put down the highest income bracket instead of their real salary in hopes of being favored by admissions.</p>
<p>CronoTriggerFan - that’s not true. I put the highest income bracket of $100,000 because my father makes over $300,000 a year.</p>
<p>Ok now THAT sounds awful. All right, sounds like they’re judging admissions on what’s really important (the actual student)… was just wondering because my school didn’t have a very good track record with UMich up until this year when they’re accepting just about everyone. I’m suspicious because, since I go to a boarding school, a lot of people are very wealthy and it seems as though they’re getting favored. Seems a little suspicious?</p>
<p>Pure speculation on my party, Henry, but it is possible that they’re trying to improve their yield rate for OOS – meaning, the number who actually ATTEND after their acceptance. The split is apx 2/3rd instate, 1/3 OOS. Many people affected by the market meltdown had their college savings decimated by 40% or more…which might have them looking at in-state options instead of OOS Mich, or figure if they’re going on the hook for 44k/yr why not go for 53/yr and have the Ivy name under their belts. It is possible that this phenom could account for increased admissions from your school. Alternately, your more recent grads have been doing better at U of M, which would increase the weight of your school. The adcoms track historic performance per school.</p>
<p>Either way, if you are accepted, you are accepted fair and square and for your merits not your wallet. U of M has no shortage of applicants to chose from, including those that can pay full freight. Lots of OOS students DO receive aid, it’s just that U of M is not OBLIGATED to meet full need for OOS. Accepting a student who has the means to pay produces a better yield ratio than accepting those who are somehow counting on financial aid to magically pick up the full tab. Eg., few people realize that the principal form of aid is actually capped at $5500/year for student loans through FAFSA, and if you have an EFC of ZERO, the most fed pell grant you can get is $5350. Those two figures combined do not even cover INSTATE tuition at U of M, let alone the additional 22k that is OOS tuition. So, to give a “free ride” to an OOS student with an EFC of ZERO, it would take about $30,000 in grants and scholarships, or PLUS loans taken by parents who can afford them.</p>