I got initial fin aid package today, NJ applicant applied mid october accepted December
Got ours too…just over $500 per year…as a loan! We, too, live in NJ, and are by no means wealthy! It is kind of insulting…they might as well have offered nothing.
I don’t think it’s insulting, why would michigan give money to OOS students
Michigan primarily gives out need aid as opposed to merit aid, and the majority of the need aid goes to low-income families. So it makes sense to not receive much, is that what their NPC predicted for you as well? @Hobothec
For those who got FA today, did you get a specific sum of money or a loan or did you have to submit additional documents?
I had to submit 2014 federal tax return & other documents.
Hi @carlsandburgsr, what’s an NPC, net price calculator? If so, didn’t bother to use it…honestly, knew that the so called financial need Gods have a fairly narrow view of aid. @meriks, your comment is somewhat naive…OOS students pay a significant premium in terms of tuition, state aid to UM has been declining, and the school relies on international and OOS both financially and to also increase their stats and status as a world class institution. Nobody is asking for a handout, nor for the state of Michigan to subsidize my students tuition…just for a fair and reasonable assessment of need that is blind to whether we are in state or not relative to the cost of tuition. Think about this in terms of ratio, and you might revise your comment.
@viphan, we submitted everything that was required, FAFSA, CSS, and our final 2014 tax forms.
hey at least u got in. Thats not insulting
@viphan I had to send an additional document(Student Status form), my FAFSA and IRS tax return were received already.
@daxgrl351, too right! Essentially, it’s not so much the aid vs. no aid, it’s the absolutely ridiculous amount…wouldn’t even cover books…and it’s a loan! The cost and effort to process such a meager amount makes it even more ridiculous!
@Hobothecat, That is so strange. I received a direct Federal subsidized direct loan of $3,500 (total of Fall and Winter) and my parents are quite wealthy (300k+ total income). My loan was able to cover the “other costs”.
@EMPire18, are you in state or OOS? Would you know if your parents have a 529 set up for you (not to be too nosy). Also, other sibs in college?
On the um price calculator it predicted that I would get a lot and I’m oos so I’m really hoping the actual aid is not far from the predicted but I can’t count on it. Also were the 2014 tax return copies required or???
@Hobothecat, I am OOS and my parents have no such plan set up for me. I have an older brother who graduated from in-state college. Most notably though, I do have a twin going to college as well. However, I thought I wouldn’t get anything because my parents are rather wealthy.
@Hobothecat @carlsandburgsr
Hmmm, that’s weird some get their FA award right away and some required to submit additional docs… Do you know how fast the processing time is for the additional documents to financial aid award?
Hobo, It’s pretty common knowledge that UofM does not tuition discount for OSS and Internationals and it has always been that way. You even acknowledged that you know this. I’m curious why you are unhappy. The university has always been very public about out of state kids and the need for their increased tuition. They have been upfront about increasing the acceptance of out of state students who pay more. No secrets really. A little research might have gone a long way for you so you would not be unhappy at this point. Michigan is not the only state public that is accepting out of state kids precisely because they pay more.
The cost of attendance is also published on the website. A subsidized loan defers the interest if the family income and assets would have indicated that perhaps they would subsidize some of your loan – you can always ask…but a loan is a loan is a loan frankly and unless the subsidy would change the decision to attend or not to attend I’m not sure it’s even worth asking. These are the kinds of decisions that generally get parsed before the applications go out the door.
@momofthreeboys, Frankly I don’t appreciate your holier than thou tone, and respectfully would like to ask you to back off. If you read my comments, you’d see that it is not subsidy, or lack thereof that I find so alarming, but rather the oddly low sum of a LOAN that the U saw fit to approve. I don’t need you lecturing me about costs, about UM’s rep for aid (already well aware), or about whether or not my student should have applied. Your defense of UM is curious, I don’t know if it is because you resent OOS students taking the place of in state or because you have a student who did not get in or is waiting to hear, but before you go mouthing off, you need to get your facts straight and read the posts…including my reply to @daxgrl351.
If the FA office requires any document, it will be listed in WA. Check there and follow the instruction to submit. Don’t send in anything until they request. Also, you will need to put your UMID on each document.
@billcsho Do you know when the FA awards are notified after submitting the required documents?
@Hobothecat If they had offered nothing you would have said “they offered nothing ! Not even 500 dollars a year !” And as it was mentioned before, Michigan has the choice, they couldn’t accept all the qualified students that are FULL pay, so why give out aid when they can just select full pay kids that are good enough for the school. You say my comment is naive but it’s quite the other way around it seems.