Is U Michigan OOS worth $400K?

[Anonymous]

No. But, no school is for undergrad. My opinion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:400K post tax money. So many delusional parents in DCUM.

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.

lol it's still money and 400,000. No one asked if you had it. The question was is...is it worth it.

[Anonymous]

Anonymous wrote:No its not. But neither are MIT, Stanford and Princeton. However, market dictates what the schools can charge, so what do I know?

OK Michigan is NOT MIT or Stanford lol. But even then, still not worth it for undergrad. To each their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:400K post tax money. So many delusional parents in DCUM.

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.

Thank you for sharing. Important to understand the tax free aspect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:400K post tax money. So many delusional parents in DCUM.

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.

lol it's still money and 400,000. No one asked if you had it. The question was is...is it worth it.

Worth is subjective and will depend on your resources and alternatives. We are full pay, and like a PP, aggressively saved in 529s from birth, and how have >400k in a 529 for each kid. If the youngest wants Michigan, and gets in (probably won't), yes, we would pay. It's all about the alternatives and their costs. If we couldn't so easily afford that, the kid would go in-state or to a lower-ranked school that gives merit discounts. But we can, and as much as I think that's uncommon, apparently there are plenty of others who can also easily afford it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No its not. But neither are MIT, Stanford and Princeton. However, market dictates what the schools can charge, so what do I know?

OK Michigan is NOT MIT or Stanford lol. But even then, still not worth it for undergrad. To each their own.

+1 Exactly.

Everything in context.

A choice between UVA, UMCP or W&M instate vs Michigan OOS is no choice. We had that for one DC, and DC chose UVA.

A choice between VT instate (Pamplin) vs Michigan (LSA Econ) OOS? We had that choice for the other DC, and DC went to Michigan. Was it worth it (to quote the Allstate commercial featuring Michigan football)? I think so, because it worked out for that DC, who has a well paying job and met their SO there. But in the abstract? I can why others wouldn't make DC's choice.

But a choice between Binghamton or Rutgers instate v Michigan OOS? That really depends on the major/school and where the DC thinks they may go after university. Michigan is a global brand and may be worth the additional cost, if that is something you care about. But if not, then stay local.

[Anonymous]

Anonymous wrote:I wouldn’t pay that much for any school.

Weird. Posters keep saying that yet have their kids apply to private and public oos top 20 when they know they can’t get aid.
I think ED especially to private or oos public schools is signaling that not only my kid is smart but I am rich enough to afford this school. ED favors rich kids.

[Anonymous]

Anonymous wrote:I wouldn’t pay that much for any school.

This

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:400K post tax money. So many delusional parents in DCUM.

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.

lol it's still money and 400,000. No one asked if you had it. The question was is...is it worth it.

Worth is subjective and will depend on your resources and alternatives. We are full pay, and like a PP, aggressively saved in 529s from birth, and how have >400k in a 529 for each kid. If the youngest wants Michigan, and gets in (probably won't), yes, we would pay. It's all about the alternatives and their costs. If we couldn't so easily afford that, the kid would go in-state or to a lower-ranked school that gives merit discounts. But we can, and as much as I think that's uncommon, apparently there are plenty of others who can also easily afford it.

Unless your kid wants to be an engineer, sorry (I think that's a stronger argument base on salaries and career outcomes), this is not subjective. Not worth it. That's different than you wanting to pay for it because your kid wants to go there (that's subjective). Two different things.

[Anonymous]

I’m not paying 400,000 for out of state. Who is?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn’t pay that much for any school.

Weird. Posters keep saying that yet have their kids apply to private and public oos top 20 when they know they can’t get aid.
I think ED especially to private or oos public schools is signaling that not only my kid is smart but I am rich enough to afford this school. ED favors rich kids.

Yep. People don't realize there are OOS Publics where the admit rate is in single digits and they outrank the Privates (Ivies included) in big time majors like Engineering and other STEM etc that kids are clamoring for not only in the US but internationally because of the career trajectory and salaries. Private loft is definitely a DCUM thing.

[Anonymous]

Anonymous wrote:I wouldn’t pay that much for any school.

Maybe, but I would trust your response more if you had written:

"I couldn't pay that much for any school."

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn’t pay that much for any school.

Maybe, but I would trust your response more if you had written:

"I couldn't pay that much for any school."

lol at you assuming I won't means I can't. Whatever makes you feel better. Spend away.

[Anonymous]

No.

OP, have you lost your mind? 400k? However, it depends on your HHI. I suppose if you’re very wealthy and can cash flow it, okay.

[Anonymous]

I am an alum and would not let my kids apply due to OOS cost. It is a great school but they can go to undergrad instate (UMD) and consider Michigan for grad school if they really want to attend. It was a great experience for me and my spouse but we would rather spend the $ on grad school or help with a down payment or other starting out purchase.

Also- I will echo a PP about learning how to navigate the waitlists for classes. Attending UMich is like going to school in another country. There is zero hand holding. If you want a class, you just keep attending until they let you in. You need to be tenacious there and if you are not, you will be in the minority.