Is UMich a good choice for OOS students?

Fredjan
Fri, 18 Jul 2014 04:16:09 +0000

Ok, ignore post #20. Citizenship didn’t really matter.
It’s all about the assets.

Case 1:
US citizen, $27,000 family income, $6,000 student income, $60,000 assets, $50,000 home: $21,841 net price per year.

Case 2:
US citizen, $27,000 family income, $6,000 student income, $30,000 assets, $50,000 home: $8,523 per year

In the first case, one could decrease the family income to $18,000, student income to $3,000, keep the same money in the assets, and the net price would STILL be $21,841. On the other hand, keep the higher incomes but reduce assets and voila.
Interesting fact: with $60,000 in the bank, it is unrealistic to not go beyond the price discontinuity.