OTish: More than half of UM students are now from out-of-state
I recently came upon this interesting MLive article talking about UM in-state/out-of-state enrollment percentages and tuition increases, and I thought there'd be some interest on the blog.
For the first time in at least 15 years, there are more out-of-state than in-state students on Michigan's campus across all programs (undergraduate and graduate). It's also quite interesting that there are more students from China at UM than any state in the US outside of Michigan. Worth the read.
February 9th, 2015 at 10:18 AM ^
It's definitely expensive. My wife and I were both OOS students from the east coast at Michigan. We graduated with a couple hundred thousand of debt (from undergrad and grad). Luckily, we have been making enough that we were able to pay it off. For any student that takes on that much debt, I would definitely recommend that they carefully think about what types of jobs they will get coming out of that school and what the typical salaries will be.
February 9th, 2015 at 10:33 AM ^
February 9th, 2015 at 10:57 AM ^
There are a couple financial aid calculators that you can try (when you get closer to the time). Most OOS students get federal support for undergrad. The key amount is what is your "EFC" (expected family contribution). If it's low enough, you'll pretty much pay a similar amount for each school since your EFC shouldn't change per school. I.e., you would pay roughly 10k a year to attend KSU vs. Harvard vs. Michigan, etc. However, some of the aid will consist of student loans so you will need to think about that as well.
Grad school is a totally different animal since there is very little federal support except for subsidized student loans.
February 9th, 2015 at 12:25 PM ^
I was OOS in the mid 80's and it was around $15,000/year. Today it's $50,000+.
February 9th, 2015 at 10:29 AM ^
but moved out of state.
Would have to think REALLY hard about letting any of my future monsters (children) goto Michigan. The current OOS tuition at Michigan is on par with most of the private schools on the East Coast (Hopkins, Carnegie-Mellon, UPenn, etc. etc.).
Like MLaw said, it would really depend on what a future kiddo would want to do (Ross undergrad, aerospace engineering, premed) at Michigan before I would shell out the $.
February 9th, 2015 at 10:50 AM ^
UM is the backup to out of state (coastal) children who apply to Hopkins, Cornell, UPenn, NYU Stern.
February 9th, 2015 at 11:37 AM ^
Absolutely. My wife was OOS and I was in-state, and we've talked about how we'd handle tuition with our kid(s). I will say, though, that the refrain of coastal kids that UM was the "safety" for them always made me laugh because a number of them I spoke with had worse grades, lower test scores, and/or fewer extracurriculars as me (and many of my in-state brethren) but still applied to HYC, UPenn, etc. and were obviously turned down. And a decent number of their friends didn't even get into UM.
Now having lived out here for 7 years, I see lots of people who raise their kids to believe they are exceptional even when all evidence is that they are just very good. So a bit of that "fallback" mentality is an inflated ego as much as evidence of Michigan being a "lesser" school, to say nothing about the relatively minute, if any, educational differences between, say, Hopkins and Michigan in most fields.
February 9th, 2015 at 1:29 PM ^
February 9th, 2015 at 11:01 PM ^
Me too. Same thing, started when they were babies. And it still won't be enough.
If you have 2 kids and they are "lucky" enough to go to Michigan OOS, that's half a million dollars.
February 9th, 2015 at 12:05 PM ^
What is the breakdown for undergraduates, specifically? Is that in the article?