+1 This. We struck many great schools from DD’s possibles list since we thought it was insane to pay that much and DD did not want to take out loans for the extra remaining amount. |
Not for us. I invested aggressively in our 529 and made $200k+ for UM tax free. In fact, in 2022 and 2023 our gains paid for tuition in full. |
Have you explained to your kid how to pick better classes? Has your kid talked to an advisor? What's in your kid's online backpack? What is your kid interested in? Maybe they need to join some ECs or get an interesting work study job. Or transfer? |
I was definitely not making a statement on that. Just posting because someone said that any VA kid that gets in UM would get in UVA. It’s not that simple. |
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My kid is there in a program that is one of the top in the country.
It is cold, but it’s been fun and it’s not dark and miserable. They got every first choice class for first semester and all the classes were good. Second semester was a challenge because they are the bottom of the totem pole, but they got all the classes they needed in the end. They have experienced do much personal growth being away from VA. They had a great high school experience, but have really challenged themself going somewhere to start from scratch. It’s been great to watch. Ann Arbor is awesome. The games have been fun. They’ve had a great time meeting people from all over the country. Could they have gone to a less expensive school? Of course, but they love their experience and we are happy to make it possible. |
| We have a kid who went there...2 years out and has already made half of the expenditure back, and like a PP, we had maxed out 529, so with the gains in that account, it more than covered the tuition. |
| Omg of course not |
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I think it depends on major. Business or engineering, yes. You aren’t going to find a better school for these majors for less money.
But I wouldn’t a kid OOS UofM to Michigan for nursing or education major. |
| No its not. But neither are MIT, Stanford and Princeton. However, market dictates what the schools can charge, so what do I know? |
| is it really 400k now? |
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You have to compare the cost of Michigan to another school. In PA, Penn State is about 40 a year. So, is Michigan with 200-250 extra?
For our family that is a lot of money. For others it isn’t a big deal. They have 4 cars, a country club membership and a beach house so paying that extra 250 isn’t a big deal and is probably worth it. |
Disagree with the above regarding MIT, Princeton, & Stanford as well as for Caltech. |
No. They are just rounding up |
I’d agree that the top programs at UMich are really good. Some departments don’t care about undergraduates, and for your tuition dollars go elsewhere. |
+1 |