University of Michigan Preferred Admission

<p>Hey so I was applying to UM through the Common App (for engineering), and one question was if you want to do preferred admission with only one option the Ross Business.
I was wondering what is preferred admissions, and what does a person get out of it?
I looked at the answer on the school site but it didn't make much sense as they just said that you get into the preferred admissions school in your sophomore year, not what you do with it or what you can get out of it.</p>

<p>Ross is very competitive. Only a small portion of candidates got pre-admitted into Ross. Most will apply to Ross in sophomore year.</p>