Is UMich a good choice for OOS students?

tk21769
Thu, 17 Jul 2014 08:31:48 +0000

Run the Net Price Calculators on a few “full need” private schools, then compare the estimates to the Michigan numbers in post 5 above.

Assumptions
Alabama resident ;
family of 3; married parents;
$2,000 savings, no other assets, no student income or assets, total income divided equally between parents;
US citizen student

Net Price Estimates (from College Abacus)
$11,927 Boston College
$10,500 University of Southern California
$6,939 Northwestern
$5,522 Notre Dame

Here is a list of ~60 colleges that claim to meet 100% of demonstrated need:
http://www.usnews.com/education/best-colleges/paying-for-college/articles/2013/09/18/colleges-that-claim-to-meet-full-financial-need-2014

Given the above assumptions, you’re likely to get much lower net prices at any of these schools than you would at Michigan (or virtually any other OOS public university, unless merit aid is added).