Full Ride to Wayne State?

kmcmom13
Wed, 04 Apr 2012 18:04:50 +0000

The University of Michigan has made a commitment to meeting the demonstrated financial need of Michigan resident undergraduates. Need-based scholarships and grants, loans, and Work-Study funds are awarded to eligible in-state students whose cost of attendance exceeds their family’s financial resources.



Okay, something is just plain wrong here for Kdog – there HAS to be something that was originally in the CSS that has caused the gap.

That first year, you were gapped by about $4,300. At a guestimate rate of 5.6% of assets (just based on how FAFSA counts assets - of course, no one know how UMich does it) somewhere on that CSS, erroneous or not, there must have been about $80 k in either home equity or non-registered funds…

The problem is, they use that first year as a baseline, then only use FAFSA each year thereafter to adjust. So whatever counted against Kdog in year 1 likely has carried forward.

If the plus was used to cover the EFC, that’s not really part of the equation. But the 30k figure is pretty typical from any program these days – including those that meet demonstrated need.