<p>For various reasons, I would consider myself to be an extremely competitive candidate for the UMICH merit scholarships. Here is my issue though: my father had some health problems and I became responsible for my college tuition. In the past two years I have started a business and have since made over 60k (just about enough to cover everything for 4 years at UMICH; I’m Instate). I wrote an essay about it, so there is no hiding it. Anyways, will the fact that I made all of that money hurt chances my for a merit scholarship?</p>
<p>No, it shouldn’t matter.</p>
<p><a href=“just%20about%20enough%20to%20cover%20everything%20for%204%20years%20at%20UMICH;%20I’m%20Instate”>quote</a>
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<p>You’ll probably need a bit more than that for all 4 years. I would be very surprised if you’ll be covering it all at 15k per year. My tuition this year alone is almost 15k, never mind room board and any other expenses.</p>
<p>My brother is paying about 18k a year between tuition and room/board.
He has the $1500 regents though.</p>
<p>instate is like 5k a year. OOS is 15k a year I believe.
What program are you in?</p>
<p>No, instate is around 11,000 a year - which is over 5,000 a TERM.</p>
<p>Total cost at Michigan this year per my son’s financial aid documents (he is an incoming freshman) is $22,450. The LSA Dean’s Scholarship is purely merit based, so you income or assets have no bearing.</p>
<p>BTW, what are your stats - if you don’t mind me asking?</p>
<p>OOS Tuition is over 30,000 $ a year , never mind room and board, supplies , personal expenses , misc expenses and all that. With all that its around 42000$ a year(fall and winter terms)</p>
<p>Where’d the 15K come from?</p>
<p>The cost I quoted is in-state.</p>
<p>I was questioning 1MX, just to clarify.</p>
<p>15k/term 30 on the year.
My brother is probably doing summer term this year, so I quoted the term costs.</p>