I’ve been waiting since October as well. I’m jealous of everyone that has been admitted going to campus days and here I sit still waiting. Very frustrating. I wish they would tell us so we can begin to plan and be excited about the next chapter of our lives instead of wasting time waiting on our first college choice.
I sympathize with those still waiting for a decision, but in fairness to UM most universities don’t announce their decisions until late March. Hang in there–it won’t be much longer.
@NICE8x Do you have a very high EFC or lots of investments or home equity (home equity can be a killer). I only ask as we are OOS and the financial aid award was excellent, Then again, our EFC was very low.
@excanuck99 Yeah this is the missing piece of information on all these posts. I wish mine was better but it’s about where I expected it to be based on their estimates. Still very much pushing what’s doable, but they didn’t leave me out to dry completely, at least.
My S just received his aid award for in-state and it covered everything above the EFC amount including $3000 of work study. We were looking for a scholarship/no work study. Next week he will start to hear from the private schools and consider some full ride offers at some other public schools.
Okay so does RD decisions come out this week as well?.
Hi there! Does anyone know if UMich ever does the whole bait-and-switch thing where the cost for the first year is extremely low but then the cost for the next three years is much higher? (This is assuming family finances and everything stays the same.) I got my financial aid package today, and the cost of attendance is so much lower than I was expecting, especially since I’m OOS.
@excanuck99 Our EFC is around 43K (is that a lot? I don’t know). Our home is worth a lot but we have a large mortgage. Where I live homes are just more expensive. I received 5,500 is fed loans and the rest I would have to pay with PLUS or private loans.
@excanuck99 did UMich require your parents’ tax returns? I ask because your EFC is low like mine. I sent in my parents’ returns today.
@NICE8x An EFC of 43k is high and means you will qualify for very little aid. Equity is considered but equity is the difference between your home value and mortgage. I guess they have calculated that you have a lot of equity available to fund your studies.
@mndt38 Michigan does NOT bait and switch. It’s mostly need based. Your FA will decline in future years only if your income increases or your expenses decrease. Again, FA is based on THEIR calculation of your need, not what you think you can afford. There is a big difference between the two.
this week is going by soooo slow
I got my aid on Tuesday. Instate, accepted in December, LSA. I got $11,500 in grants, $3000 in work study and $2,500 in loans. Cost will be about $10000
I don’t understand my award summary. what do term totals mean?? And what about fall-winter totals? Are those the price I have to pay or the money that I received?
So Mich is likely to release a whole bunch of decisions tomorrow??
Can anybody please tell me when they will release all the results? I understand they are rolling, but will everyone get results before March 30?
I applied on 10/28 and still did not get anything.
@Ryud16 There are two terms per academic year.They are showing you what you will get per term. If you subtract the aid you have been given from the cost of attending, you will be able to determine how much you have to contribute.
My D applied Oct 14th, 3.88 gpa, 29 ACT, legacy, great EC, and leadership, musician and marching band, and IB diploma program… Great essays and letters of Rec… Given top merit scholarships at 3 other schools, full ride finalist at another… As a wolverine mom, This waiting is really tough
is there any chance decisions come out tonight?
@james1998iq I have no clue, but if you plan on waiting for midnight, please don’t put yourself through too much pressure and anxiety. If there are no updates by 12:30 AM, it’s most likely that there won’t be any that night. Good luck!!!