Unhappy with my financial aid package.

<p>I got about 30k so I still have to pay about 17k to attend. Do they consider appeals?</p>

<p>Appeals are rarely successful, especially for out of state students as the university is obligated to meet the need of in-state students first since the state contributes to the university.</p>

<p>Good luck with whatever you choose. Do you have other strong options?</p>

<p>Strong options, you mean loans or something?</p>

<p>30k is a lot of money…</p>

<p>i got absolutely nothing except loans from them bro…theyre out of their minds</p>

<p>I got nothing but loans too. And 15,000 work study. My EFC from fafsa was 18k too. What’s wrong with them?</p>

<p>blademaster2: Take the $$ and run…most of us got nothing but loans. You could ask your family to borrow against their home and then you pay them back as you can. Home mortgage rates are around 5-6% for over 30 years (much better rates than the government loans). Also find a great paying summer job!!</p>

<p>They don’t even meet the need of high-achieving in-state students. </p>

<p>They do consider appeals (at least you can appeal… I don’t know if they actually take it into consideration) , but I’ve been trying for 2 years and have been unsuccessful. Good luck.</p>

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</p>

<p>How so? Doesn’t Michigan guarantee to meet the need of all in-state students? I remember they met my full need, but my EFC was 0 so perhaps it was different.</p>

<p>I had a similar situation my freshmen year, my parents do not make that much money, so paying 20k was a big deal, and since I was offered a full ride from just about every college. I asked for a reconsideration and appealed. The financial aid office stated that they will reconsider if I wanted to, but then said that after the second reconsideration does not guarantee a more financial aid, and you can even get less financial aid after an appeal, so I chickened out.</p>

<p>^
Case Study: At the time of freshman admission, parent is recently retired (1 year ago). UM financial aid office will ask for the FAFSA forms from 2 years ago and then refuse to give you financial aid because they use the non-retired income (…).
1.5 years later, they start using the forms from when parent retired. In the mean time, retired parent has been taking extra money out of the retirement fund every year (the amount of tuition) in order to pay tuition. The financial aid office will count that amount as extra income and refuse to give you aid, despite the fact that that amount was only taken out in the first place because you weren’t getting financial aid.</p>

<p>Michigan guarantees a lot of things. For example, a few years ago, they guaranteed to give $1000/yr for 4 years to students who did well on a Michigan Achievement Exam. This year, it was taken away (even from students who had already earned it). It was called the Michigan Promise Scholarship. </p>

<p>On the bright side though, they did give full ride merit scholarships to people who go on to fail (or get C’s) in orgo.</p>

<p>

Wow, 15k in work study… highest I ever saw on cc was 4k.</p>

<p>of course its not 15k, its definitely a typo. 1500 per semester or per yr is reasonable.</p>

<p>15k wouldn’t be allowed. Work-study comes from federal funds and they need to be distributed relatively evenly. If someone’s getting 15k in work study, there’d be very angry people who didn’t get ANY work-study while someone got 5x the average.</p>

<p>If your EFC is less than 17k, I guess it’s possible, but don’t get your hopes up since you’re OOS.</p>

<p>$1,500 workstudy per semester yes yes.</p>

<p>UM does not promise to meet need, although they do attempt to meet demonstrated need for in state students. They do meet need for the lowest income in state students. UM uses the Profile for their institutional funds, so if FAFSA need & Profile need are not the same … need may not always appear to be met.</p>

<p>OOS students cannot expect their need to be met by UM. As far as state schools go, only UVA and UNC, to my knowledge, meet OOS need.</p>

<p>From the UM website: Special Note to Nonresident Students:</p>

<p>While the Office of Financial Aid does not have sufficient funds to meet the full demonstrated financial need of nonresident students directly, students who are eligible for scholarships from U-M schools or colleges or other private sources may be able to cover their costs through these combined resources. Other options often utilized by nonresident families are the Federal Direct PLUS Loan (available to the parents of undergraduate students), the Grad PLUS Loan (for graduate students), and private loan sources. Students may also want to inquire in their home states about whether state grant funding is available to students attending out-of-state schools.</p>