What scholarships does Michigan provide for out of state students? The tuition is so much so I need to start looking at scholarship and financial aid opportunities.
Being a very strong public school, Michigan does not provide many scholarships to out of state students. It has a responsibility to meet needs for in-state students first. That being said, they do offer a few major scholarships. The biggest is probably the Stamps scholarship, which is full cost-of-attendance for all four years, but only 18 of those are awarded per year (9 to OOS). The Shipman scholarship is probably the next-best, and I believe it covers $20,000 per year for all four years.
Unfortunately, there are not many merit-based aid opportunities available at Michigan - and that is consistent with many of the top-performing private schools as well.
^ That is not true. There are also around 100 LSA scholarships at $10-20k per year and engineering scholarship of honor at $20k per year for OOS students (less money for instate). All these are automatically considered when you apply EA. Nevertheless, ou do need to have strong stat to get one. Besides these, there are also departmental scholarships after you declared major. Last but not least, you should check their NPC first.
I keep getting nothing from Umich, even as an in state student with great stats. When they say that they will meet needs for OOS students, keep in mind that they are also talking about loans, which must be repaid. Going to college OOS is a voluntary choice that you make (you have the option to go in state), so you cannot expect much sympathy for having to pay so much.
@umcoe16 Obviously loan is part of the financial aid package, however, there is a limit in loan amount. UMich has pledged to reduce student debt by offering more grant. For OOS students with less than $90k income, they will receive a significant amount of grant money to meet the need in addition to loans and workstudy. One should really check the NPC rather than speculating.
For OP, to receive significant merit scholarship, your stat needs to be significantly above the 75th percentile. As around 20% of enrolled freshmen had GPA 4.0 in high school and the 75th percentile test score is near ACT34/SAT1550, you need to have near perfect stat to receive one. Only around 2% of admitted students receive significant scholarships anyway.