Full Ride to Wayne State?

mom2collegekids
Wed, 04 Apr 2012 13:15:41 +0000

* If a school touts that they meet 100% of financial need it’s a useless fact unless they specify “no loans”. Any school can meet need with loans and work study.*

Oh…were you thinking that “meets need” means “no loans”? No, it doesn’t.

However, I agree that “meeting need” should never include Plus loans that are for gap (I don’t mean for EFC).

It sounds like your D was given expected fed student loans towards need…that is normal and not misleading.

However, if you had to use Plus loans to cover “gap” between need and COA then UMich is not doing what it says it does…and that’s meeting need for instate.

You say that the debt will be about $30k-40k…that sounds about right…about $27k would be Stafford, maybe a few more thousand for Perkins…and then some Plus. But was the Plus for EFC or was it for gap?