@momdc Idk I haven’t checked it. I have done the NPC before but with +20K in income just to see what I get. I think I got a net cost of 16K. So it shouldn’t be too bad
Just got my financial aid package back. Depressed and disappointed. Need help understanding if true.
@billcsho There is one exception to the Provost Award “last dollar” policy and that concerns Gates Millennium Scholarships (and now the new Gates Scholarships). By agreeing to accept Gates funding, the University has agreed that these awards will replace loans and workstudy (but not EFC). UM does NOT reduce grant aid or Provost Awards in these cases. Of course, obtaining one of these scholarships is insanely difficult but for the lucky few, you can graduate debt free. I’ve seen UM awards for these scholars and they are indeed all grant.
I am not sure how the Gates Millennium Scholarships would be handled differently. However, if the scholarship is large enough, it can replace all loan, work study, and Provost. It is not uncommon to have FA package without loan/ws but just scholarships and grant. We see that every year.
The offsetting of Provost Award is actually an after math. It has no fixed amount and it is provided to fill the remaining need of an OOS student. In that case, I don’t see how does it violate the agreement with the GMS.
@billcsho I can only go by the information University of Michigan sends to Gates Scholars. This is quite clear and states that Gates Millennium Scholarships replace the loan and work-study components of financial aid packages, as well as any unmet need. They send out a worksheet to Gates Scholars that shows how this works. I cannot speak for other programs, but if you are fortunate enough to win a Gates Scholarship, all loans, work-study and unmet need will be replaced by your Gates grant. The sheet shows that the components of a UM award being a UM Grant, Provosts Award and Gates Award. 100% of demonstrated need is met in this way.
Congratulations on having a good problem to solve!!
Before u start signing loans, u should try to estimate what your monthly payment will be when you’re finished with college. It’s the same advice I give every applicant, know what you’re committing yourself to. Michigan is absolutely a top 10 engineering program and a degree from Mich is worth more. (They’re on our list so I’m not anti-Michigan at all) But you don’t want to start life in such a big hole that you’re miserable.
Good luck with everything, as I said, good problem to have!
I just read through 10 pages of feedback. First I just want to say congrats! UM is very hard to get into, so just being accepted is a great accomplishment! Second, great job going after FA to ask questions…mistakes happen and not everyone is gritty enough to persist after being told no. You deserve to be there. And third, I am a new poster and I’m a little taken back how abrupt people can be, especially knowing you are a student and not another parent. I don’t think you see yourself as entitled or that you were unreasonable in any way. You didn’t know what they would say, and it’s always worth a try.
Sounds like your family has never been through this before. Neither have I! My daughter just got into UM honors with no money, and we are struggling to pull the trigger even though we can borrow what we don’t need. Hard to turn down other better financial offers, yet hard to say no to UM. This is a difficult time…big emotions and big decisions with little help, or at least that’s what we have found. Good luck to you. You can make that deal work!
PS…I have been reading post to learn, and I ALWAYS learn something new. I am smart and have done my research but I didn’t know that state schools don’t give (or usually don’t give) FA to out of state kids. I thought everyone, once accepted, was treated the same based on FAFSA and CSS results. Learn something new every day. By the way, I’m a UF grad…if it doesn’t work out for you in Michigan, I can pretty much guarantee you’d love being part of Gator Nation. Wish my kids had applied. Perhaps we made them wear too much orange and blue for the past 18 years.
@Monkey288195 Keep hammering away at FA. The more you know and understand, the better. Keep it up!
@twinmom71 Who are you kidding, you can never make them wear too much orange and blue! :-bd
Hi @Monkey288195 .
When you say all that is left after grants is $14k, and you had 3k work study and 5500 loans, leaving you short $5500…is that against the total cost of attendance? Bc that includes about $3500 in variable items like books and travel and pocket money. If so, then day one, you are only short for billed expenses by about $5000 over 2 semesters with the possibility of work study of $1500 a semester to pay incidentals and books.). That is $2500 a semester to pay out of pocket.
If you can earn $3000 in the summer, and mom and dad can pay $1k per semester, you are there already and your work study is pocket money for books and travel.
Let mom and dad make the decision on that, not you. I’d be so humiliated if my kid had this fantastic opportunity and then did not even ask me if I could chip in, they just walked away from it. Don’t do that to them. Ask. If they can’t, they can’t. No big deal. But give them the dignity of asking.
@billcsho will the grant increase with tuition increases?
As for Florida vs UMich: you’ll be fine at either. Trust me. Pick the one most comfortable for you overall.
Good luck!
Why anyone would pay OOS tuition for a public university…I have no idea.
@cu123 cause it’s a world renowned school. But only if you can afford it. Michigan is about the same or just slightly more then Illinois for us do to grants etc.
@HRSMom when tuition went up last summer do did our grants. We didn’t ask for anything it was just adjusted. It was not 1:1 and we had to pay an additional like $500.00 but I am OK with that.
Good, then your really NOT paying OOS costs, are you?
As I have always said best school, best fit, at a cost you can afford. If UMich is the best school you could get, go for it. Personally I wouldn’t call it world class but a top public for sure.
It is world class. Not really questionable.
“Personally I wouldn’t call it world class but a top public for sure.”
Michigan is world class; no ifs, ands, or buts. The truly great universities on this planet are research powerhouses.
“Why anyone would pay OOS tuition for a public university…I have no idea.”
It’s a shame that some people differentiate between public and private elite universities. Some aren’t even aware that Oxford and Cambridge are technically public schools.
It got a lot of international students and is well within the top 50 universities in the world no matter what ranking you use. Unless your world is really small, it is a world class.
@HRSMom If it is need met, they will up the grant every year. It is not by the exact amount of the tuition increase but based on the FA calculation. The revision of freshmen FA package over the summer will show the adjustment based on the new CoA that comes out in June.
@CU123 Public schools are funded by their respective states taxpayers therefore instate and OOS.
Being a public do we file a tax return to all 50 states and pay taxes to all 50 states?
Michigan gets very little funding from the state taxpayer. Their proportion of in state tuition payers to state funding does not bear out the “state taxpayers” argument.
This OPs FA will come from the endowment, not the MI taxpayer. And we all have an interest in that bc endowments like this are tax exempt (sort of, but see Tax Cuts and Jobs Act impacts), and donations to it are tax deductible, so every taxpayer is “paying” if you must see it that way.
In reality, it is just making sure kids have equal opportunity regardless of finances.
@HRSMom that is a good point that so many parents like me are in blind spot.
Endowment is a big success factor for UMich to attract excellent students, hence a recognition of public Ivy.
The money from the state government is not quite enough to offset the tuition difference for all in-state students. So the tax payer of Michigan State cannot contribute to the financial aid to OOS students. It is the endowment that support both instate and OOS student aids.