Is U Michigan OOS worth $400K?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Zero fin aid for OOS DMV area

Yes, it is worth it if you have a liquid NW if $5M+

That is too conservative. A 2 mil NW excl primary home will do. For 1 kid family ~ 1.4 mil.
It’s all how you manage your retirement
Basically if you have about 1 mil ( retirement money) left after educational expenses, it is ok.(Assuming primary home paid off by retirement/)

[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.

My DC w 4.7 34 ACT was rejected UMD. I’m alum. She didn’t want it luckily but my point is, you can’t plan on UMD. We are MCPS

[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.

Oh sorry I misread your post. PP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are definitely nova kids that get in Michigan and not UVA

Not this again. You are not saying UVA is as good as UM, I hope.

DP here. No clue but I do know someone who attends Michigan who was denied UVA instate, but she applied RD to UVA.

+1

Sometimes kids don’t get into their flagship and they get into comparable flagships. Because California has such a wonky system, kids sometimes get rejected from UCLA & Berkeley and still get into Michigan. I assume the same happens in Virginia, especially in DC suburbs.

+1

I know two Virginia kids who got rejected from UVA but into Michigan. One is doing Engineering at Michigan.

I know a few too from last year.
One was rejected ED to UVA and got into Michigan EA.
Two others were waitlisted EA to UVA, never got off the UVA waitlist, got into Michigan via the EA waitlist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The premise of this whole thread is ridiculous and dishonest. Michigan currently doesn’t cost that much to attend.

https://admissions.umich.edu/costs-aid/costs

Michigan bashing has become a popular pastime on this site.

Have you ever heard of inflation and tuition increase?

It still wouldn’t be $400k.

[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.

Oh sorry I misread your post. PP.

Wow, those are amazing 529 gains, PP. Share with us your methodology and secrets! How much did you contribute, and when did you start?

To the OP, "worth it" is dependent on your financial situation, of course. It does have a great reputation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Zero fin aid for OOS DMV area

Yes, it is worth it if you have a liquid NW if $5M+

That is too conservative. A 2 mil NW excl primary home will do. For 1 kid family ~ 1.4 mil.
It’s all how you manage your retirement
Basically if you have about 1 mil ( retirement money) left after educational expenses, it is ok.(Assuming primary home paid off by retirement/)

$1M will only generate 30k a year in income in retirement. Even $5M will only generate $150k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Zero fin aid for OOS DMV area

Yes, it is worth it if you have a liquid NW if $5M+

That is too conservative. A 2 mil NW excl primary home will do. For 1 kid family ~ 1.4 mil.
It’s all how you manage your retirement
Basically if you have about 1 mil ( retirement money) left after educational expenses, it is ok.(Assuming primary home paid off by retirement/)

$1M will only generate 30k a year in income in retirement. Even $5M will only generate $150k.

Even a crusty old planner will allow 4-5 % ….thats 40k min+ family soc security( ~ 40 k) —
80 k min yrly is deemed sufficient (if no mortgage) in most area of US…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are definitely nova kids that get in Michigan and not UVA

Not this again. You are not saying UVA is as good as UM, I hope.

DP here. No clue but I do know someone who attends Michigan who was denied UVA instate, but she applied RD to UVA.

+1

Sometimes kids don’t get into their flagship and they get into comparable flagships. Because California has such a wonky system, kids sometimes get rejected from UCLA & Berkeley and still get into Michigan. I assume the same happens in Virginia, especially in DC suburbs.

+1

I know two Virginia kids who got rejected from UVA but into Michigan. One is doing Engineering at Michigan.

I know a few too from last year.
One was rejected ED to UVA and got into Michigan EA.
Two others were waitlisted EA to UVA, never got off the UVA waitlist, got into Michigan via the EA waitlist.

UVA is a harder admit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are definitely nova kids that get in Michigan and not UVA

Not this again. You are not saying UVA is as good as UM, I hope.

DP here. No clue but I do know someone who attends Michigan who was denied UVA instate, but she applied RD to UVA.

+1

Sometimes kids don’t get into their flagship and they get into comparable flagships. Because California has such a wonky system, kids sometimes get rejected from UCLA & Berkeley and still get into Michigan. I assume the same happens in Virginia, especially in DC suburbs.

+1

I know two Virginia kids who got rejected from UVA but into Michigan. One is doing Engineering at Michigan.

I know a few too from last year.
One was rejected ED to UVA and got into Michigan EA.
Two others were waitlisted EA to UVA, never got off the UVA waitlist, got into Michigan via the EA waitlist.

UVA is a harder admit.

Gee I wonder why?

[Anonymous]

A Michigan acceptance, a direct admit into certain programs would be well worth it. Just to get-in, no imo

[Anonymous]

Anonymous wrote:
I don't get paying so much to be OOS. OOS applicants have to be at the top of the pool to be accepted, but they don't get the benefits of that super-select outcome on the job market.

Say you don’t know anything about UM without saying anything.

[Anonymous]

Anonymous wrote:Almost 90k for Michigan just does not seem worth it.

So this discussion should have begun, “I U Michigan OOS worth 360?”

I’m sure the responses would be similar, but then we can say it’s more in line with other the two top publics.

[Anonymous]

You are admitted into a particular college at U of M. It will not be easy to change majors to something within another college of the university.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are definitely nova kids that get in Michigan and not UVA

Not this again. You are not saying UVA is as good as UM, I hope.

DP here. No clue but I do know someone who attends Michigan who was denied UVA instate, but she applied RD to UVA.

+1

Sometimes kids don’t get into their flagship and they get into comparable flagships. Because California has such a wonky system, kids sometimes get rejected from UCLA & Berkeley and still get into Michigan. I assume the same happens in Virginia, especially in DC suburbs.

+1

I know two Virginia kids who got rejected from UVA but into Michigan. One is doing Engineering at Michigan.

I know a few too from last year.
One was rejected ED to UVA and got into Michigan EA.
Two others were waitlisted EA to UVA, never got off the UVA waitlist, got into Michigan via the EA waitlist.

UVA is a harder admit.

Which just goes to prove that harder admits don’t necessarily equate to academic quality.