I don’t do the finances but own two business and self employed with another one in college is my best guess. Other schools gave him merit like 1/2 scholarships but Michigan was the only one to give Financial aid /Michigan Grant. Other schools he got nothing like Illinois.
Yep and that is what @Knowsstuff was discussing. UMich may (or may not) give financial aid to OOS students, even though they may believe that they’re not eligible. ?
As an alum, I love my university, but the fact that Michigan is so stingy with students, including and especially those from OOS, is my biggest disappointment with the university. Considering the $12 billion endowment of the university, and it’s more than $1 billion annual return, just spending 1/3 of the return and lowering the tuition of those from families who need it would engender a lot of good will, rather than a “take it or leave it” attitude.
My DD knows that if she is admitted and receives little to no money, she will be attending elsewhere. We have saved, but can’t afford to spend 1/3 of our pre-tax money to send her there every year, especially when the UCs are much more affordable for us (and she has a free tuition ride to a well known OOS honors college). My friend from college has a son who was a double legacy and they faced the same problem, so he attended their in state school and he is loving it.
Michigan has always been the most expensive state school, but at $70-$75K/year, it’s getting prohibitively expensive for even the upper middle class.
@curiousMe2 - Good point. (was thinking about UGA EA) but the OP missed the application deadline to hear the EA results and to be considered for the Presidents.
To prove my point on the Northwestern thread there is a parent that their kid applied to Michigan Coe and wants to double major. Didn’t think they would get any financial aid from either school. Just found out she’s getting enough money from NW to make it affordable. This is the parent. So this does happen. Maybe they just didn’t understand their situation? Lots of people’s situations are more complicated then the regular family applying.
And yes I know NW is a private school but read #66
- Did you receive your financial aid package from Michigan? - No
- Did you receive merit aid from Michigan? - No
- Will you have a sibling in college when you start in the fall? - No
- What makes you think you don’t qualify for need based aid? Did you run the net price calculator on the Michigan site? If your parents are married, don’t own a business, aren’t self employed, don’t own real estate other than your primary residence, the Michigan NPC would be pretty accurate. - Yes to all
- Do your parents own a business or additional real estate? - No
I am really thankful to each one of you for taking time to write back and guide in this specific scenario i am in. Really appreciate it.
Just one final question
If one were smart and graduated from say
- UGA
- UMich
Do you think the chances of their career trajectory w/future/$$$ will be vastly different? This is a very honest and open question and i would appreciate if i could get real world inputs from valuable members here.
I have researched with folks around me with this query and have gotten conflicting responses, obviously. Because some will feel it will be vastly diff while others will lean towards everything evening out in due course.
TIA
@jym626 and everyone
My bad. I did apply for EA to GT and am waiting on the response which comes next weekend. From what i was told is that if i accept EA after i get, i have better chances of getting even more scholarships, not sure though.
Apologies for not being accurate earlier on EA for GT, it seems like eternity when i did all my applications while awaiting for results with nervousness
TIA
I’m hoping the OP answers the questions i asked.
The most important one…has he received his financial aid award from Michigan. Does anyone know if those have been sent yet?
If not, this poster needs to just be patient and see what Michigan offers him.
@Knowsstuff having two kids in college at the same time likely helped you. As I stated upstream, Michigan is trying to move in the direction of meeting full need for OOS students as well as instate. In your situation, having two in college would reduce your family contribution to a place like Michigan (Profile school). Perhaps this is why you got need based aid from Michigan.
The other colleges you mentioned (UIUC, Purdue) do not meet full need for all accepted students…in state or out of state.
@thumper1. Thx but I am fully aware of this. But it’s also great to see them come though with it.
Don’t think financial aid awards went out yet but I assume very soon
Assuming by ‘smart’ you mean one does reasonably well academically and does the normal things like internships, so that the CVs are reasonably comparable at graduation, then…
Not vastly different.
Not a little different.
No meaningful difference at all
Go look at all the rankings. They are peer schools. I don’t know why you persist in believing that UMi is a better school for engineering than GaTech- unless it’s that thing of the the far away one always seems shinier than the one down the street.
Congrats on your current acceptances.
If you do get accepted into GT then you have to evaluate fit /feel for you and you might have the exact same questions… Lol…
So this question comes up all the time. Which school gives me the best advantages etc.??
Just going to a school doesn’t mean you will get a better job. Going to a certain school doesn’t mean you will make vastly more money.
If going into CS it matters less.
My son did this program as a junior in high school. https://www.acementor.org
We live in Chicago. The firms that he went to were world known companies. For 35 kids they had 30 first year engineering mentors. One from GT, Michigan, Berkeley, Northwestern. Some from Kettering,Illinois Institute of Technology and both UIUC and UIC. All first year engineers.
Do you really think anyone of them was making more then the others in the same company all being first year engineers?
Let’s talk football… Every game they introduce the offense and defense and each person states their name and where they went to school. Some from great sport schools and some from schools you never heard of right. But they are all on the same team (forget about pay)
If you go to a school and get involved and make a name for yourself you can be successful anywhere. That is the key. Each school has alumni that want to help you if you reach out. Each school has professors to help and guide you.
In my opinion. Go to the best known most affordable school you can.
If financial aid awards haven’t been sent out yet…the OP needs to wait and see what Michigan does for him in terms of aid. But he did say…he didn’t qualify for need based aid which implies an EFC of greater than $65,000 a year…which would be an income higher than $150,000 a year most likely.
OP asked about comparing UGA and UMich, not UM and GaTech (where they haven’t been accepted yet, pending EA decisions next week).
For engineering, there could be a difference in starting salary coming out of UMich or UGA, depending on geography of first job (among other things). Mid to long term I doubt there would be any career trajectory or earnings difference.
Just be patient. Wait for the GT decision.
With Zell Miller, your costs instate would be very modest. Graduating without debt would be a big bonus.
How much can your parents pay per year without loans? That would be your budget.
@Mwfan1921. Yes there could very well be a difference but the question is by how much and is the ROI worth it? If one starts at $70,000 and another at $75,000(just made up examples) don’t think that’s worth an extra $200,000. Also looking at school averages for graduating seniors can be misleading.
Just go to Indeed or Linkin or Reddit or the like. There are some salaries posted… Especially at Reddit. There are exceptions also…
Funny thing I know two students . One at Harvard and one at UIUC. Both in CS. Both dropped out after their first year. Why? Both got lucky and joined a start up (different ones) and they couldn’t refuse the offers. It was their ability not the school they went to even though both are good schools. Both knew how to code prior to college etc.
Completely agree on the ROI, and that was implicit in my answer that mid to long term there would be no earnings difference. So far, OP hasn’t answered questions about how (or if) U Mich or any OOS school would be affordable/how they would pay it. I was just answering their question wrt career trajectory and earnings. ?
oops, my bad @Mwfan1921! thanks for the correction
@Aspiring007 - Did you/your parents submit the CSS Profile to GT?
@Aspiring007 Accepting your EA admission at GT will have no effect on scholarships awarded by GT. May 1 is the deadline for letting GT know if you are attending and they are very good at honoring that deadline. The Stamps Scholarship process at GT has multiple steps so most students dont know if they receive Stamps until end of March and beginning of April. My students who were Stamps candidates did not accept EA before the process.
If you dont qualify for financial aid, you can reduce the cost of GT even further (after the Zell Miller scholarship) by applying to scholarship offered by GT or private organizations. My DD received $60k in such scholarships. The GT alumni local group, the GT WIE dept. and many scholarships administered by GT but funded through industry (like Ford Blue Oval) were one resource. She would check the bi-weekly newsletter put out by her GT major for scholarship postings and apply to them. For scholarships from organizations, SWE, SME, SAE and ASME were some fruitful applications. As others will tell you, private scholarships are the hardest money to get, but it proved very successful for my DD.
I forgot to mention, but if you get accepted to GT EA, think about applying to GT’s Grand Challenges Program. My DD did it and it was incredible. Made for a wonderful freshman year. Plus her Grand Challenge professors wrote wonderful scholarship recommendations.