Dream School vs. Full Ride

[mikemac]

<p>

I was recently accepted to Ferris State University and I found out today I was awarded a full-tuition, merit-based scholarship. t I feel like, given I get accepted to UMich, I would be making a mistake by taking a pile of student loans over a debt-free graduation.

A full-ride scholarship includes money for not only tuition but books and housing. You got full-tuition, so you’ll still be paying for the latter 2 items. Housing costs are probably $10K/yr or more.</p>