<p>I have always had high hopes of attending the University of Michigan. I love the tradition, sports and academics there but sadly today I have come to a sad conclusion, Michigan is too expensive for me to attend. I'm currently a junior in HS so I haven't applied but from all the posts I've read on CC and other sites, out of state students gain very little Financial aid for UM. I'll probably have to pay around 30000-36000 which I believe my parents won't be able to pay for and I don't want to get dragged into debt.</p>
<p>I've decided to explore other good business schools with lower tuition and provide more financial aid. Schools like Cornell, UPenn, University of Virginia, North Carolina, NYU and others. </p>
<p>Ill probably still apply to UM but my hopes of attending even if i get accepted are slim.
Perhaps there are other ways to lower my tuition besides loans, like is there an extensive amount of scholarships for UM? Please share any financial tips or advice</p>
<p>Well Cornell, Penn, and NYU would definitely be more expensive. And out of state for UVA and UNC probably aren’t much better, if at all. Definitely apply and see what aid gives you. Talk to your parents and really find out what is feasible.</p>
<p>Yeah, the situation for OOS kids just sucks. I agree with exiamm that NYU would be more expensive, but I think Cornell and Upenn offer pretty good aid packages.</p>
<p>I don’t think you should limit your search just to undergraduate business programs. There are plenty of top schools (Harvard, Princeton, Duke, Northwestern) that send kids to great business jobs but don’t have an undergraduate Business program. </p>
<p>I mean if you’re studying business to study business then by all means attend a school with an undergraduate business program, but if were under the misconception that you need to go to an undergraduate business program to get a good business job, I’m just highlighting that isn’t the case.</p>
<p>ftwpker – there are a couple things you can do to improve your overall odds of finding the right financial AND academic/social fit.</p>
<p>First of all, indeed apply to your state flagship school as a financial safety, or other in-state programs, to ensure you are covered. Then apply to schools where you are in the top 25% of the admit-stats so that you have a chance at merit.
THEN apply to academic or financial “reaches.” FYI, NYU is absolutely a terrible terrible financial choice unless your family can afford it. Comparatively, Michigan at least gives solid grants to low income Out of State students.</p>
<p>SOOOO, the other thing you need to do is to get your parent’s tax return for 2010 and run the numbers in the EFC (expected family contribution) calculator ([FinAid</a>! Financial Aid, College Scholarships and Student Loans](<a href=“http://www.finaid.org%5DFinAid”>http://www.finaid.org)) and also run one at UMich’s online calculator to get a sense of what your parents may be asked to contribute (but note that depending on home equity, etc., many CSS schools will ask for more than those calculators will say). </p>
<p>Once you have an idea of EFC you will be in a better position to evaluate fiscal safeties and determine whether or not you need to stay in state. However, ALWAYS take a couple of “longshots” because you just never know where someone will “produce a miracle.” We never in a million years expected a full tuition scholarship for my son, yet he got one. So, you’ve gotta play to win
Just make sure you’re “covered”.
Best wishes!</p>
