University of Michigan or Directional School with Scholarship

I agree with @bclintonk but have to point out that this probably reflects the calibre of admittted students more than what they get from the school (Entering class Umich av. GPA 3.88, ACT 31-34, CMich av. GPA 3.33, ACT 23).
Another factor is quality of life and school experience, which for many would tip to Ann Arbor over Mount Pleasant.