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<p>No one got the Promise grant, not even those of us who only were supposed to get $1,000. </p>
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<p>UMich = 26,000ish undergrads. MSU = 36,000ish undergrads. UMich has a larger percentage of OOS students too that wouldn’t qualify for the Promise Grant anyways.</p>
<p>^Huh? Did you not say that MSU students got the promise covered in post #32?</p>
<p>^ Sorry, guess I wasn’t clear. MSU students got it covered (by MSU). I meant that the state of Michigan didn’t cover ANYONE’s.</p>
<p>Balthezar: I fully understand…we only got $5500 K all in loans as well…but we knew this going in. My husband works with someone whose son was top notch from our school district and also got the same amount last year…he went to KSU instead. Good luck to your son wherever he chooses? Purdue or UIUC will be great for Aerospace as well.</p>
<p>I have a quick question, how generous is Michigan with the financial aid? I read somewhere that the average student from Michigan graduates between $20,000 and $25,000 in debt. Is that true? Does anyone know how much the average out of state student graduates with? A rough estimate would suffice. </p>
<p>The reason I ask is because I checked my Wolverine Access account, and I haven’t had any financial aid offerings except for the standard $5,500 loan. With people getting scholarship information already and me not hearing anything, I am starting to worry. I am trying to guess how much money I would need to come up with. </p>
<p>I have one more question and maybe one of the recent Michigan graduates can answer this. But would it be wise to attend Michigan out of state if you plan on going straight into graduate school after undergrad? Cost is pretty important here, and I don’t want to be $40,000 + in debt with dreams of attending a top graduate school. Thanks guys.</p>
<p>^
No it wouldn’t, best to attend an affordable undergraduate school especially if you plan to attend graduate school.</p>
<p>I am surprise some students only got 5k in loans, I thought most good/ average students would be offered a university grant and academic competitive grant at the least. Though I am sure this have happen just probably many have a too high efc to qualify for such grants/ scholarships.</p>
<p>I’d like to clarify a couple of possible mis-perceptions on this thread. First of all, it is true that the State of Mi reneged on the Promise. Michigan Competitive grant as also cut. U of M did attempt, where the resulting costs were higher than expected EFC, to make up for the promise shortfall, using any funds they could make fit. In some cases, it used the Michigan Competitive funds.
Second of all, that “Grant” from the University itself IS IN PART FINANCED by state of Michigan money – or at least, FA has said that to me before.</p>
<p>Third, Coolbreeze – anyone WHO GOT INTO MICHIGAN is an above average student statistically speaking. Why would you assume the university would give grants to all it’s “decent” students? That’s what merit awards are for, and granted, there’s not a ton. The rest is NEED based. The school only meets NEED for in state students, and usually with state of Michigan money (that’s the Michigan grant, although the sources are blended).</p>
<p>Fourth, and of most interest to some of you, at least for in state, you may find that additional things are added to your package as they become available. For example, the Academic Competitive grand will not be awarded until late summer when they’ve reviewed your final transcript. Departmental scholarships are not added to the package until FA is notified. Etc. So, go by the official notice, but it can change, and they just keep adding new official notices. Do not go by what you see just on Wolverine (unless it’s the official notice.)
Cheers,
K</p>
<p>kmccrindle: Are you saying that we OOS’ers should also hang tight…especially after submitting final transcript…cause some merit $$ may still come our way? By that time we will have already committed…that would be a lovely surprise to say the least.</p>
<p>Well, for OOS, I don’t expect the ACG would make a huge difference, as it is $750 year one and $1500 in second year, and as I’m sure you’re acutely aware, OOS costs are unbelievably high. But for departmentals, it IS possible to receive scholarships later in the game. Eg. my s. received a second scholarship about two weeks before the decision deadline of May 1st. So our “package” changed at that time. The same happened to a few different students online at cc back then as well. Eg. a nursing program scholarship, etc. I DO NOT want to create any false hope here – it’s critical to assess cost vs. benefit, especially OOS. But I did want to share that in the end, our package ended up being better than the ‘first blush’ if you will.</p>
<p>I think there’s going to be at least SOME Michigan Competitive Scholarship…I got a letter from the department of treasury telling me to call the office of scholarships and grants, and give em my SSN so I could be considered for the MCS.</p>
<p>EDIT: Oh, so the Michigan grant is both from U of M and the state?</p>
<p>Wait, the Michigan Promise Grant is only from the state. There’s no college funding (except for the colleges who chose to fund it after the state cut it). Am I wrong?</p>
<p>yosup:
There will be some Michigan Competitive Scholarships, but they will do little to put a dent in the overall cost for in-state students who got a bad financial aid package. </p>
<p>Straight from the Michigan.gov website, Michigan Competitive Scholarship section:</p>
<p>“Awards may pay a maximum of $510 per academic year at a Michigan public college or university”</p>
<p>-<a href=“http://www.michigan.gov/documents/FactSheetMCS_153554_7.pdf”>http://www.michigan.gov/documents/FactSheetMCS_153554_7.pdf</a></p>
<p>Ok thanks smart.cookie. Yeah, it stinks that it’s only $510, but it’s better than nothing, and if I get that with everything else I’ve gotten, it will help.</p>
<p>romani, you’re right. in post #50, I was talking about the grant called the “Michigan Grant” I got for around $7.5k from U of M.</p>
<p>Oh ok. Sorry about that :).</p>
<p>Yosup, a FA advisor at a meeting had said to me that the “grants” from the school, while at the complete discretion of U of M, were funded in part by state dollars. So that’s where my comment was – as in, generally, yes, the state is stingy in terms of specific programs to help students. Yes, they did not come through on the promise. Yes, they cut the competitive grant from 2300 to 510 in the last budget. BUT according to that one guy who was discussing state issues with me during a luncheon, when the university gives you “grant” money, said “grant” money would not be possible without contributions from the state. So in your case, since you have a very very generous grant, it is right to credit the university – as it was their choice – but also important to recognize that some of your own tax dollars are in essence, in that grant. I was just trying to be fair. So that’s what I meant. (I am the first person to point out how stingy the state is…so it also my responsibility to help others understand where state support DOES help ;)</p>
<p>^ Oh ok, I understand now. Dang, I’m really glad U of M is still meeting need with all of these cuts on state scholarships.</p>