Hey, I just sent you a private message.
Rates for housing change a little every year and I don't think they're online, but you can send am email to Marion Scher and
mscher@umich.edu and ask about them if you'd like.
Scholarships aren't open to first year students, but I don't think they're terribly hard to get during your other years (I should apply some time...).
If you intend on going to the b-school, Martha Cook is the best location by far as the b-school is right behind Martha Cook. (Sorry, I did a little stalking of old posts).
There are a lot of events at Martha Cook that there aren't anywhere else. There's tea time, formals, the Messiah dinner, the International Tea, and so on. None of them are mandatory, though. I honestly haven't made it to many, but most people go to them and enjoy them quite a lot.
Although there are, in fact, "normal" people in Martha Cook, I guess there is a little more of a traditional feel to the dorm. I'm not really into drinking or parties, so I guess it's a nice place to escape to. Male visitation hours are fairly easy to get around, but they are effective in preventing that "Oh no, I don't want a hot guy to see me without my make-up on, blah blah blah" problem one girl told me that's why she liked Martha Cook).
Lastly, the dorm is absolutely beautiful. The rooms are bigger than the other dorms. If you want pictures of anything, check the Martha Cook room views or PM me.