I like UM a lot because of the prestige, academics, and campus, but I live in Ohio so I would have to pay 57k per year for Michigan, and my parents can pay that without debt or loans, but I feel bad making them do that. I was also accepted at Ohio State and they gave a scholarship of 5700/yr so it would only be about 16k per year and I can graduate in 3 years because of ap credit policies. I know financially OSU sounds like a better deal but I don’t really want to go there and I’m in love with Michigan. If I’m going to go to grad school though for a masters in finance anyway, should i just go to OSU and go to a prestigious grad school? I’m just really torn between what I should do, and my parents will basically pay for anything so asking them doesn’t really help. I would appreciate any advice.
also i forgot to say this and I wasn’t sure how to edit my original post but I need to get a 4.0 undergrad, so should I go to OSU because it would be easier to achieve a 4.0 there than at Michigan? and undergrad i will study finance at OSU and graduate in 3 years or I would be in the Ross school of business at UM and would graduate after 4 years.
Unless you really like the school or the program, I don’t see why one would spend $200k more.
First, I would recommend that even if you choose to go to OSU that you graduate in four years. Your undergraduate college career is the time of your life and I would not want to shorten it by a year. I’ve known a few people who planned to graduate in 3 and they all just went for all 4. If you want you can spend the extra time working on a double major or a minor in your field.
Second, I’m not sure how the business school works at OSU, but at Michigan, you have to apply for Ross from LSA after freshman year and only around 35% of applicants from LSA are accepted. Unless you are incredibly confident that you will be able to be admitted (need a fairly high gpa, 3.6+, and solid EC’s freshman year), it is something to think about.
Third, Michigan seems decently generous with scholarship. Did you receive any or have you gotten word back? Unless you were on the absolute cusp, I would expect a decent scholarship package from UofM.
I had a friend in a similar position to you in choosing between UofM (in state to UofM) and University of Penn as a business student, and after visits, weeks of thought, and talking to many people, he chose UofM. He had parents that could afford both, but he chose the slightly less competitive school for various reasons (although Ross is still incredible).
I would recommend finding out how much scholarship you are offered (assuming you are offered some), visiting both, really think about what path you want to take, and then consider what the costs and benefits of each are. You said you want to go to graduate school, so maybe your undergraduate degree does not matter as much. A Ross degree may look more competitive and give you an edge, but with hard work, good extracurriculars, and lots of studying, you should be able to get into a good graduate school with either degree.
Are you a Ross pre-admit?
@intparent I’m not a Ross pre admit but I’m not really worried about that bc they said 60% of the Ross students come via regular admission and I will have a high gpa freshman yr
@thericeinthehice I haven’t received any scholarships yet and I don’t think I will bc there is less opportunity out of state and bc my ACT score is low
If you are not a Ross pre-admit and you want to study finance, my advice is to go to Ohio State. What you don’t seem to be aware of is how many applicants (with high GPAs) they have from the freshman class for Ross. A LOT of students get shut out – and all of them, like you, are confident going in that it won’t happen to them. I am a Ross graduate, and my advice is to go to Ohio State.
@ohio101 what is your ACT? Also, what was your GPA?
For the curious side of me 
@ohio101 Indeed, 80% of Ross students entered the program as sophomore, but that information does mot tell you only around 40% of applicant were actually accepted into Ross in sophomore year and most of the applucants are self selected (i.e. all have good gpa). In addition, those applied to Ross preadmit but failed would have a slightly better chance in the regular admission too.
@c011e9e my ACT is 32 and GPA is 4.751 weighted and 4.005 unweighted (top 4% of class)… My friend got a 20k scholarship but she had a 35ACT and she’s doing engineering
@billcsho I did apply for preferred admission to Ross but was denied
Then you are fine. You should have more than 50% chance.
Why is that?
If your parents can afford Michigan without any hardship, and assuming they support your decision, I think Michigan is worth the extra CoA.
I know student with 32 and 33 ACT scores from out of state who were offered a decent amount of scholarship. Email the office (not sure which one) to see if you are are offered anything or when you’ll hear.
@thericeinthehice just e-mail the office of financial aid expressing my interest in UM and then hint at scholarships?
There are very few merit scholarships available at UM. It might be worth a try but realize it’s a real long shot. And any LSA scholarship you might luck in to wouldn’t follow you to Ross.
Don’t assume you can just roll into Ross either. Look at the profiles and you’ll see how competitive it is. Average GPA of admittees is up around 3.7. And UM isn’t Harvard where everyone gets an A. A 3.7 freshman year is a significant accomplishment.
@thericeinthehice out of curiosity, what amount do you consider a decent scholarship?
@GoBlue81 I guess it may be related to expression of interest. This is based on the past admission result posted in this forum.