Is UMich a good choice for OOS students?

College Search & Selection
21

<p>@ucbalumnus‌
That appears to be the case. The actual number was slightly under $22,000.
Second attempt, this time with student income of $3000 (a student likely won’t learn more than this during any given summer sans internships and co-ops) and all other variables constant: still $21,841.
This is one of those rare cases where savings/assets <em>are</em> penalized!
edit: oh god, I have been doing this all wrong. Been running the NPCs as “U.S. eligible non-citizen/permanent residents” (damn tab) this time, since my next attempt with $18,000 parental income and $6,000 student income still yielded a $21,841 net cost. So, the results I have posted so far are off, but there is at least one conclusion I’ve extracted from this:</p>

<p>Illegal immigrants pay much more for college than U.S. citizens</p>

22

<p>Ok, ignore post #20. Citizenship didn’t really matter.
It’s all about the assets.</p>

<p>Case 1:
US citizen, $27,000 family income, $6,000 student income, $60,000 assets, $50,000 home: $21,841 net price per year.</p>

<p>Case 2:
US citizen, $27,000 family income, $6,000 student income, $30,000 assets, $50,000 home: $8,523 per year</p>

<p>In the first case, one could decrease the family income to $18,000, student income to $3,000, keep the same money in the assets, and the net price would STILL be $21,841. On the other hand, keep the higher incomes but reduce assets and voila.
Interesting fact: with $60,000 in the bank, it is unrealistic to not go beyond the price discontinuity.</p>