<p>Sorry about the confusion, but I meant Indian, as in South Asian. Almost everyone in my school refers to Indian parents as “brown.” I got so used to saying that, I didn’t realize that it also refer to the university.</p>
<p>to informative,</p>
<p>Why shouldn’t I take out loans for these schools?</p>
<p>How high the scores and GPA need be for OOS student for a good merit aid from UMich?</p>
<p>There isn’t a set score that assures a big merit scholarship from UMich. There have been OOS kids with very high scores that haven’t gotten good merit from UMich. </p>
<p>*
I think my parents would be willing to pay for both colleges, although being the brown parents that they are, they’re going to want me to get as much fin-aid as possible. Actually, I don’t know about my dad since he is still pushing for me to study in India.</p>
<p>but I meant Indian, as in South Asian. Almost everyone in my school refers to Indian parents as “brown.” I got so used to saying that, I didn’t realize that it also refer to the university. *</p>
<p>I thought that’s what you might have meant, but I wasn’t sure.</p>
<p>Well, still ask your parents how much they’d be willing to pay for UMich. If they won’t pay $50k, then look elsewhere.</p>
<p>I wouldn’t take out a lot of loans for any school. You really have to wonder if it is worth it to have significant debt payments after college. If you want to go to grad school, these will just get worse as they build up interest. </p>
<p>Michigan may be the better university, but if you can work it out where Illinois is cheeper, I think you should go with Illinois. It depends on how much the difference in cost is going to be.</p>
<p>To mom2collegekids,</p>
<p>Are you saying that UMich doesn’t have good loans, or that I should avoid loans in general, like informative is trying to say?
The think is, nearly every college, except state colleges, now costs around $50k. What is it about UMich that you are trying to say?</p>
<p>*
Are you saying that UMich doesn’t have good loans, or that I should avoid loans in general, like informative is trying to say?*</p>
<p>UMich is like most schools…all they can offer loan-wise is federal student loans which have the following limits…</p>
<p>5500 frosh
6500 soph
7500 junior
7500 senior</p>
<p>Obviously, a $5,500 student loan your freshman year isn’t going to cover much of a $50k price tag.</p>
<p>So, if your parents aren’t going to pay $50k per year (or close to it) then UMich probably won’t be affordable. </p>
<p>*The think is, nearly every college, except state colleges, now costs around $50k. What is it about UMich that you are trying to say? *</p>
<p>The fact that most popular privates cost $50k doesn’t mean that the costs are irrelevant unless you’re certain that your parents will pay that much.</p>
<p>No school is worth big debt.</p>
<p>What state are you in?</p>
<p>You’ve said that you ***think ***your parent will pay for all of your college costs - including for Umich or UIUC. If you’re certain of that, then no problem. 
</p>
<p>However, if you think that your parents might balk at paying that much for an OOS public, then be sure to apply to schools that your parents will pay for and/or schools that will give you merit scholarships for your stats.</p>
<p>SAT Math=730
SAT Reading=580
SAT Writing=680
GPA~3.64 </p>
<p>I always think it’s best for students to have a frank discussion with their parents about how much they’ll pay for various schools. Some parents will pay $50k per year for a private, but not for an OOS public. Some parents won’t pay $50k per year for any school, no matter which school it is. Sometimes students assume that their parents will pay more than their parents will pay.</p>
<p>^^^Approximately one third, about 8,600 students, of Michigan’s undergraduate population is from OOS. I guess there are quite a few parents/students who feel it’s worth it, even though it’s ONLY a public.</p>
<p>^^^</p>
<p>We don’t know the distribution of those kids. Many could be athletes, students with merit scholarships, kids willing to pay to to Ross, int’l students, or kids who transferred there for their last 2 years (to save money).</p>
<p>I’m not saying that UMich isn’t a really good school. I’m saying that some parents won’t be willing to pay $50k per year for an engineering degree (which this student is seeking) if he has less expensive choices.</p>
<p>8,600 is a very large number. The vast majority are not athletes, merit scholars, and/or are attending Ross. It must be something else that attracts so many to pay 50K/year to attend a public university…</p>
<p>Where are you getting that number? I don’t see it on UMich’s website. </p>
<p>Anyway…for people who can easily pay $50k per year, then UMich might be someone’s backup when they can’t get into an ivy or other elite.</p>
<p>The point is that if this student’s parents aren’t willing to pay $200k+ for an engineering degree from UMich, it might be because they have other less expensive options elsewhere.</p>
<p>^^^Approximately 1/3 of Michigan’s total undergraduate population of over 26,000 are from out of state. The following excerpt was taken directly out of a Time magazine article from last year:</p>
<p>“Out-of-state students pay $33,000 in tuition at Michigan — nearly three times the amount that residents bring in — and those extra dollars are needed more than ever. Non-residents now make up 37% of undergraduates at the university; add graduate students and nearly half the university’s students comes from out-of-state.”</p>
<p>“Anyway…for people who can easily pay $50k per year, then UMich might be someone’s backup when they can’t get into an ivy or other elite.”</p>
<p>There is no ivy that is better in overall engineering than Michigan. A backup is for an inferior program like most public schools in certain parts of this country that one can attend to save money.</p>
<p>
Princeton and Cornell</p>
<p>Not according to USNWR. Notice no sign of Duke here at all. </p>
<p>[Best</a> Undergraduate Engineering Programs - Best Colleges - Education - US News](<a href=“http://colleges.usnews.rankingsandreviews.com/best-colleges/spec-doct-engineering]Best”>http://colleges.usnews.rankingsandreviews.com/best-colleges/spec-doct-engineering)</p>
<p>Cornell and Princeton are peers of Michigan in engineering. They are not better…</p>
<p>So basically, there is no point going to UMich unless it is affordable without loans or scholarship, even though it may be an overall better school.
I’ll talk to my parents about this and see what they think. Thanks for all the advice.</p>
<p>rjk…</p>
<p>All those OOS students are not engineering, so it is conceivable that a good number of them did apply to ivys/elites and didn’t get in, and therefore chose UMich. </p>
<p>It is also conceivable that a chunk of them are receiving some kind of merit money or athletic money. </p>
<p>I imagine that a decent number (OOS and Int’l) are paying for Ross. </p>
<p>I think UMich’s CofE does give some merit money. </p>
<p>Anyway, I would imagine that many of the domestic OOS students are not paying full freight. Just not worth it for most majors.</p>
<p>^^^This isn’t Alabama mom2collegekids. Most OOS students are full pay. Why do you think schools like UA give so much money away? Who would want to go there from out of state otherwise?</p>
<p>
</p>
<p>No one cares, Cornell and Princeton are better undergrads than Michigan. They are not in the same class</p>
<p>I will readily admit that Princeton is a better overall undergrad school than Michigan. Cornell is a peer however. In engineering they are all peers. All of the public schools in the northeast are mediocre at best. I can understand why you are a bit confused about superior academic schools outside of your area.</p>
<p>"So basically, there is no point going to UMich unless it is affordable without loans or scholarship, even though it may be an overall better school.
I’ll talk to my parents about this and see what they think. Thanks for all the advice."t</p>
<p>If you can’t afford to go to Michigan, I would not go into a great deal of debt to attend. If you can afford it, thousands from out of state do every year. There must be a reason other than the lovely winter weather.</p>
<p>
</p>
<p>You wish. I have been to UMich so dont roll that crap at me. Its not Cornell except in the mind of Mich students. I think you can sell that to people who have not been to Mich.</p>