You've probably spent tons of time reading about college tuition, financial aid, scholarships, and loans - but that shouldn't be the end of your college financial research. When you get to campus, you may want extra help navigating the next four years and all of the financial decisions along the way.
Find out how the school you attend can help you with the dollars and cents through its programs and resources. Here's what University of Michigan offers.
University of Michigan-Ann Arbor works to make your education at their institution affordable. First of all, they offer their Go Blue Guarantee which provides free tuition for in-state residents whose family income is less than $65,000 and whose assets are $50,000 or below, with tuition support for families with income up to $180,000.
There are a variety of scholarships available to help students. They come from various departments, centers, colleges, and schools as well as the admissions and financial aid office. They include undergraduate scholarships, scholarships for studying abroad, distinguished scholarships, graduate student scholarship opportunities, and alumni scholarships. Remember that some scholarships may require an additional application.
The Office of Financial Aid offers many resources to help understand the financial aid process in general and at University of Michigan. You must fill out the CSS/Financial Aid Profile and the FAFSA in order to be considered for financial need-based aid. When you do that, you will automatically be considered for other need-based and merit-based aid. Three helpful resources offered through the Office of Financial Aid is a 10-paged PDF with Information for prospective students. There is also the University of Michigan's 26-page Financial Aid Guide and the
Office of the Provost offers emergency funds to students who are experiencing an unexpected life crisis or emergency. This link provides access to a detailed list of centers and offices on campus that administer emergency funds and how to apply if needed. Emergency Assistance financial aid reevaluation and short-term emergency loans.
The University of MIchigan helps make paying for college easy with its Planning Tools and Calculators including links and information for:
Managing Student Loans including estimating loan eligibility and payments, repayment options and loan calculator tools
Planning for Student Life including budgeting, financial planning and money management with tools like Your Money Your Life that includes a variety of articles, resources, tips, tools, and money management basics on personal finance topics, Cash Course, and personal finance budgeting tools through University of MIchigan’s own Wolverine Access for students.
Applying for Financial Aid including links to estimated family income tools, University of MIchigan’s Net Price Calculator, consumer information and college price comparison pages.
Planning for College including links to GradSense, and Cash Course among many other helping college planning tools, calculators, and resources. You can also check out Financial Aid TV for answers to many of your financial aid-related questions.
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