University of Michigan - Most Expensive Public School

Paying for College
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<p>Are you aware that scholarships don’t reduce EFC?</p>

<p>Your parents’ EFC is about $42k, yet they can only pay $25k, therefore you’d have a $18k gap right there. And that doesn’t even count the gap that an OOS public would give you. </p>

<p>Look at the math…</p>

<p>$50,000 - UMich EFC (assuming an increase for 2010-2011 school year)</p>

<p>$10,000 - possible merit scholarship ( a big if )
$25,000 - parents contribution</p>

<hr>

<p>$35,000 covered</p>

<p>How will you pay the $15k that’s left (which may be $25k if you don’t get any merit)???</p>

<p>Really wanting to go to a school is not enough to make money appear out of nowhere.</p>

<p>I hope you get into UNC-CH, otherwise you’ve kind of set yourself up for a big disappointment. You applied to an OOS public (UMich) that you can’t afford and your parents can’t pay their EFC.</p>

<p>At this point, since you won’t be happy at NC State, and UNC doesn’t have your major (according to you), then you need to apply elsewhere that is affordable.</p>

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<p>IMPORTANT CORRECTION to the Shipman information that I posted earlier, in addition to the previously stated award, some colleges add more $$ to the scholarship:</p>

<p>[College</a> of Literature, Science, and the Arts : Students](<a href=“http://www.lsa.umich.edu/umich/v/index.jsp?vgnextoid=ab570e36557aa110VgnVCM100000a3b1d38dRCRD&vgnextchannel=79d06886aca38110VgnVCM10000096b1d38dRCRD&vgnextfmt=default]College”>http://www.lsa.umich.edu/umich/v/index.jsp?vgnextoid=ab570e36557aa110VgnVCM100000a3b1d38dRCRD&vgnextchannel=79d06886aca38110VgnVCM10000096b1d38dRCRD&vgnextfmt=default)</p>

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<p>^^^^</p>

<p>I wonder what stats are needed since Rockvillemom’s OOS son had 4.6 weighted GPA with all A’s and 8 AP classes and a 34 ACT, and he got nothing!</p>

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<p>I find it curious that the OP didn’t apply to other OOS schools, particularly privates, where he would have qualified for large scholarships. Many of the engineering kids I’ve know have been attracted to the co-op schools like NEU and RIT and have benefited greatly from the experience. OP…did you really only apply to 3 schools and, if so, can you tell us why?</p>

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<p>^^^</p>

<p>I think the OP wants a more full college experience that typically the “national universities” provide - strong academics, big sports, 50/50 male/female, etc.</p>

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<p>I think the other issue to consider with Michigan is how much the price tag increases each year. When we were considering it last year - there was one price tag for freshman and sophomores, and another slightly higher price tag for juniors and seniors. Clearly, the cost was well over $200,000 for 4 years. My son has a very good friend who was also accepted as an OOS student. He also did not receive any aid and ultimately his family decided he needed to go in-state to U. Maryland. I think Michigan for OOS students is not realistic unless you go into it having $200,000 and the willingness to spend it on an undergraduate degree.</p>

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<p>We looked at Michigan for our son, because he wants to apply to the top b-schools. Unfortunately, that price tag, when we live in Indiana just was too much to swallow. State schools do what they do for a reason. Funded by state tax dollars, they are obligated to their state’s kids. And in the financial shape Michigan is in, I suspect that there is little additional money for OOS scholarships. IU just looks better and better and better.</p>

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<p>consider with Michigan is how much the price tag increases each year. When we were considering it last year - there was one price tag for freshman and sophomores, and another slightly higher price tag for juniors and seniors. Clearly, the cost was well over $200,000 for 4 years.</p>

<p>Yes, and since the base prices of everything rise each year, what you think is going to be the higher jr and sr year price will actually be higher once your child is a junior or senior.</p>

<p>*We looked at Michigan for our son, because he wants to apply to the top b-schools. Unfortunately, that price tag, when we live in Indiana just was too much to swallow. …And in the financial shape Michigan is in, I suspect that there is little additional money for OOS scholarships. IU just looks better and better and better. *</p>

<p>Yes, and your son may get (or may have already gotten) a merit scholarship from IU. :)</p>

<p>People get mesmerized by rankings, but unless you have lots of money that won’t be missed, money does have to be considered. </p>

<p>IU has a fine B-school…your son will get the education he needs. :)</p>

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<p>mom2collegekids…exactly…although we might still send him to MiamiU. He did love it there. A lot of it will depend on where he will be able to attain direct admit status. Miami is a little smaller, a little more conservative than IU…although I think he’d be OK at IU. He’ll have a lot of friends there and they are a nice group of kids who look out for one another. And he’s really not the kind of kid who is going to be too much of a partier. He’d much prefer to have a couple friends get together and play a pickup game of basketball or play Call of Duty than go to a party…and he gets plenty of offers. After our first kid who experimented with anything put in front of her, it’s kind of nice to have a kid who is, by nature, pretty tame.</p>

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<p>Miami is a little smaller, a little more conservative than IU…</p>

<p>I had no idea that Miami has a more conservative bend. I thought it would be more liberal than IU. But, I would just be guessing.</p>

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<p>Miami Oxford, Ohio…Not Florida. IU has such a phenomenal arts/music department, along with strong programs in social work/social science/Public Affairs/education. Those departments have had a big hand in making IU Bloomington a very liberal (but awesome) place. With the Dalai Lama’s brother living in Bloomington, there is a big emphasis on Buddhism and Eastern religions. A huge unitarian universalist church sits on the edge of the campus. Every time we pass it, I remind my son that it is NOT a Christian Church :slight_smile: The medical school is in Indy, so you don’t have the more conservative influence of those programs as much. The law school in B-town has younger full-time law students who are more liberal than their Indy counterparts. The business students at IU are about the only pretty conservative group.</p>

<p>Miami, on the other hand, has engineering, pre-professional, business students very heavily represented, and they in a much more homogeneous, rural, undergrad oriented community. They hardly have any grad students at all. Another plus for Miami. The undergrads get to participate in a lot more of the kinds of things you don’t get to do until you’re a grad student at other schools…which is why Miami is recognized as a uniquely undergrad friendly school.</p>

<p>It’s a tough decision…the bigger national reputation or the more comfortable environment. Having a very young student who was grade accelerated, we are LEANING to the comfortable environment, but it is his choice. We’ve prepared financially for either option. Just depends on whether he wants to leave some money in place for grad school or not. )</p>

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<p>To the OP – All the advice given so far has been great – please heed it. I’d like to add a few other clarifications/ideas. My son attends U. Michigan, he’s in state, and he did receive two merit/talent scholarships to attend.
In your comment about Ohio residency, if what you were THINKING when you wrote that post was that there would be some way for you to OBTAIN MICHIGAN RESIDENCY I want you to know that U of Mich has one of the most stringent residency policies of any University in the U.S., and we know because we’ve been through the process (after living in MI for 7 years, paying all taxes, owning a business, severing ties with parent county fiscally eg. land ownership AND obtaining permanent residency through the immigration process.) You cannot get there from here, as they say, so attempting to do so would not be a great expenditure of energy.</p>

<p>Now, hopefully we’re not completely discouraging you. There are still plans to make and things to do. First off, I personally believe that merit scholarships for OOS at Mich, while rare, are not all that connected to the stats alone. Take a review of your essays and accomplishments and objectively consider what your contribution has been to your community. If you did not express that fully/as well as you could have, or have any special regionally or nationally acknowledged talents that you didn’t mention, send in a supplement updating them on recent achievements/acknowledgments or recommendations.</p>

<p>Also note that somewhere on another thread I did hear that regular notifications on early scholarships were not going out in Dec. but Jan.-Feb. instead. Could be hearsay but just so you know, there has not been very much action on the U of Mich scholarship thread yet. And there ARE out of state merit scholarships beyond shipman, depending on what school you’ve applied to. So it’s way too soon to tell.</p>

<p>I also want to note that you DO have fabulous in-state schools to attend as well, and like my son, you’re very very fortunate to live in a state that offers nationally recognized institutions. Michigan is just as much fun for GRAD students and it is easier to rationalize deep debt for that latter as opposed to undergrad.</p>

<p>Additionally, you refer to your parent’s contribution, but I am wondering what kind of skin you plan to have in the game yourself. How much do you expect to make this summer? How much have you saved yourself for college? Will you work when you’re on campus?
If so, you could, in theory, still attend Michigan (although not necessarily best use of resources) if your parents contributed $25k (no strings/no debt); if you planned to borrow avail. Fed loans of $5500; if you could earn and save at least $6,000 this summer (and after school) and were willing to earn another $6,000 while in school (eg. 24 hours a week or more) and then ask your parents to take a plus loan for the balance you’d need of about $6k - 8k at 7.9% that you would pay back for them.</p>

<p>You might be thinking that sounds really crazy. It does, doesn’t it? I walked through that so you could picture the kind of resources it takes – and that some put forward – to attend an OOS university. And the year after, it will cost at least 5.6% more. And then more.</p>

<p>So I wish you the very best luck, and I hope you make sure you’re covered as well.
Cheers,
K</p>

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<p>Ooooh…kmccrindle…“personal skin in the game”…interesting concept!</p>

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<p>I know someone that got a full ride scholarship to Michigan and now is a high school teacher.</p>

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<p>^^^</p>

<p>Scholarships change over the years, so what was available several years ago may not be available now. The change in the economy has caused many schools to change, reduce, eliminate many scholarships in the last year or so.</p>

<p>Also, schools are sometimes more generous with in-state kids because their “full-rides” are much, much cheaper than an OOS student’s full-ride.</p>

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<p>And sometimes, as was previously posted, said student agreed to teach under some kind of terms. In Indy we have programs like that for students who agree to teach in underserved communities. It’s good for everyone.</p>

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<p>Michigan doesn’t worth a full pay.</p>

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<p>*And sometimes, as was previously posted, said student agreed to teach under some kind of terms. In Indy we have programs like that for students who agree to teach in underserved communities. It’s good for everyone. *</p>

<p>Ahh…it’s one of those programs…Student’s education gets paid for if the student agrees to teach in an underserved community. I have a niece who did that. :)</p>

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<p>While I generally agree that most Out of State public schools may not be worth the price at an undergraduate level, I am curious as to what Monkyle believes WOULD be worth full pay, if not a nationally ranked and internationally reputed public ; )</p>

<p>And I wonder what Monkyle, located in AA, would be comparing U Mich. to, exactly.</p>

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Probably a school that requires it’s students to properly be able to put six word sentences together.</p>