jbagelboy wrote: ssanonymous wrote: nsideirish wrote:
ssanonymous wrote:FYI for anyone interested in need based aid. I got my package from Michigan and it's 25 in need based grants a year. The rest in loans. About comparable to most schools besides HYS (way more generous). Good luck everyone!
Is that after you finished your NeedAccess? As of now, all I have listed is $20,500 in federal loans but I plan on turning in NeedAccess tonight. If I can get 20+ in need based grants a year, that would almost turn me into a lock to go to UM.
I submitted the need access form on 01/31 and filled out the finaid form on ASW in late Feb/early March. Whenever it became available. And I got an email today telling me to go to https://wolverineaccess.umich.edu
to see my award statement. 25k in need based aid. 20ishk in unsubsidized loans. And the rest in grad PLUS loans.
I don't understand... I filled out my form with basically no assets and thousands of dollars in undergrad loan debt and it said I wasn't eligible. I will receive less in merit scholarship to go to UM (22500/yr) than people will get in need grants (25000/yr)??.. confused.
um, it's because we have need... That's why. Also, I suspect it's merit vs. need. If they know you'll get generous need aid, they won't bother giving you merit aid and vice versa. I did tell Michigan that I'm choosing my law school based on finaid packages, so I don't know if that helped. The aid is about comparable to other schools though.
Anyway, I regret bringing it up. "low assets" and "basically no assets" is not equal to NO assets. Look at your EFC. That should give you an idea on how much aid you can hope for.