Very true. I don’t deny this. The UCs do this, to the exclusion of in state students, but that’s another subject.
Michigan has a gigantic $12B endowment. If they spent an extra $50-$100M/year of it on bringing their financial aid in line with other universities for middle to upper middle income families, they could attract a more socioeconomically diverse student body.
And @Eeyore123 , here is the mission of U of M: The mission of the University of Michigan is to serve the people of Michigan and the WORLD through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future.
How do you create and develop leaders if they are shut out of the school by excessively high tuition, including my OOS daughter’s, no matter where they come from?