"Lean in. Do NOT be a passive participant in your education."
A Michigan Ross BBA Is Accessible and Affordable — Tips on Financing Your Education
By Paul Kirsch
When we started this blog, one of our motivations was to offer our prospective students and parents a realistic and authentic view into the entirety of the college application and admissions process.
And that extends to the world of financial aid. The complex, fine-print-heavy, “I-hope-you-have-a-love-of-reading” world of financial aid.
The good news is that you don’t need to digest this all at once! Just chip away at it bit by bit and before you know it, you’ll have a better of understanding of financial aid that can help you through the next several years.
At Michigan Ross, we strive to make education accessible and affordable for every student, no matter their economic situation. In fact, for Michigan residents, the Go Blue Guarantee provides up to four years of free tuition to qualifying in-state students with family incomes of $65,000 or less, and tuition support for families with incomes up to $180,000.
To make things easier, ALL incoming BBA students are automatically considered for scholarships — there is no separate scholarship application necessary. And, 2 out of every 3 U-M undergraduates receive some form of financial aid and more than $520 Million in scholarships are given out annually.
Last year alone, 1,151 Ross BBA students were the recipients of scholarships or other financial assistance.
But, automatic scholarships are just one piece of the giant puzzle. While there is no separate scholarship application required, the majority of Ross scholarships do consider need, so students should complete their FAFSA and CSS profiles as soon as possible to give us a more complete picture of your financial situation.
Also, make sure to follow up with the Scholarship and Financial Aid Office if they reach out! Any supplemental documentation they request needs to be in by March 31.
Continue reading: Scholarships at U-M -- 5 Important Steps to Make Sure You’re Considered
Other Financial Aid Resources
Beyond scholarships, there are A LOT of resources available to help you understand exactly how the financial aid process works, what aid is available, how you qualify for it, how it’s distributed, and how you can make sure you continue to qualify during your entire time at Michigan.
Seriously, there’s a lot. If you have time, you should explore as many of them as you can. But, to start you off, here are some of the documents I think you’ll find the most helpful.
Take a deep dive into the most important topics related to your financial aid package and options.
A worksheet you can use to uncover the exact cost of your Michigan Ross education. Most helpful after you’ve received an awards notification.
Developed by lower- and middle-income students, to help other lower- and middle-income students navigate life at U-M.