<p>For the third consecutive year, the university received a record number of applications from prospective freshmen. As of June 8, U-M had offered admission to the Ann Arbor campus to 14,918 of the 29,939 who applied for 2009-10. There were 29,806 applicants in 2008-09.</p>
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<p>The average rate of growth in U-M tuition during the past five years has been among the lowest among public universities in Michigan and in the Big Ten. Increased U-M resources for financial aid, along with more generous Pell Grants and additional funds for work-study, will result in more grants and fewer loans for many new and continuing students. In addition, the American Opportunity Tax Credit is available to many of our students and families.</p>
<p>Article says they accepted more in-state students too (63% vs 59% from last year). Interesting, since on average, out of state students have better stats that in-state students and also pay higher tuition.</p>
<p>yea but it might just be due to the yield of in-state students last year though. One of my GSIs work as an operations research analyst for the admissions office and they basically do forecast and modelling based on a huge number of factors to determine how many instate students/out of state students and overall number in order to meet their target numbers…</p>
<p>Yeah. Maybe it also has to do with the fact that the recession is making in-state students chose the cheaper in-state option and discouraging out of state students to stay in their own state or look for better financial aid offers.</p>
<p>Apparently they have crazy models developed by these Phd candidate researchers…by crazy models I actually mean it. He showed one in class lol and it was complex (which is an understatement)</p>
<p>Wow. They seriously accepted more people than I thought they would. (I was thinking that they would accept ~12k / 30k, because that’s what they did last year)</p>
<p>One thing that doesn’t make sense to me is that they expect a class size of 5900, but yet they have recieved 6,450 enrollment deposits … I know some people who get off waitlists at other schools can drop Michigan to go to the other school (as I almost did), but won’t this mean that Michigan will have a class size that’s way too large?? Won’t that be a problem for housing?</p>
<p>Hoedown and others might deny it to the death but a big piece of the UM funding model depends on collecting as much OOS tuition as they can while keeping the state off their backs.</p>
<p>Also as I stated in another thread on UM finances, the hospitals generate lots of revenue but only a tiny profit so they will not be a source of funding for general UM programs going forward as fees will continue to be lower as the Feds take over more of healthcare. Football alone shows a larger profit. But that goes to all the other sports.</p>
<p>^Pretty soon according to that model Michigan will look more and more like a private school (well, when the economy rebounds that is and OOS people can afford to pay), b/c public funding will only go down more. Good thing that there’s a nice $7.5 bill endowment to act as a cushion, because even now the state funding is a joke (it’s like $200 mill right?)</p>
<p>The applicant pool numbers were roughly around the expected amount. I expected anywhere between 29,000 and 30,000. I was a little surprised by the number accepted. I was expecting more like 13,500, but given the economic crisis, the University was bound to expect a slight drop in yield. I am, as very often, disapointed in Michigan’s decision to gor fo a class of 6,300. I was hoping they would aim for a class of 5,500 at the most. </p>
<p>ab, our endowment has dropped since last year. Although official figures have not yet been released, I would be surprised if our endowment were over $6 billion. I am expecting it to have dropped to $5.6 billion, which wouldstill make it the 6th or 7th largest endowment in the nation.</p>
<p>I don’t really get it, “a desire to maintain total undergraduate enrollment at 26,000.”??? Instead of reducing the class size to improve the quality of education, they opted to increase it? what exactly are they thinking??</p>
<p>I cannot agree more. Michigan should be aiming for class sizes of 5,000 at the most instead of classes of 6,300. Oh well, that’s happens when the University is run by people who are: 1) not loyal to the institution but top the state or 2) weak and incapable of standing for what is best for the university. </p>
<p>I think that eventually, someone at the top at the University is going to have to chose between the $300 million and dropping provided by the state and the $300 million and growing provided by alums and decide what matters more. I estimate that in 5 years, Michigan will be receiving $250 million from the state and $400 million from alums. Guess who will be calling the shots when that happens?</p>
<p>At any rate, the university as a whole is well run, which is why it is in a great position today. Financially, Michigan is going to emerge from this crisis better off than most of its peers. But I agree that the university should reconsider its admissions philosophy. It is archaic to say the least. Michigan should join the common application and advertise a little better. A school as strong and as large as Michigan should attract at least 40,000 applicants. And Michigan should admit no more than 12,000 students in an attempt to limit its Freshman class to 5,000-5,500.</p>
<p>I agree … how can they manage a class of 6,300 when they’re used to class sizes of 5,700 or so? The undergrad education is arguably better when class sizes are smaller … look at the top privates, for example. They’re class sizes are like 2k or so. (of course, U of M is a public so it’s more feasible for it to have class sizes of 5k) U of M is a great school and people know it … they just need to go out there and recruit more students. They have the potential to have many more applicants, or maybe the admit office doesn’t want to have that much work to do.</p>