U of M Ann Arbor scholarships?

I'm starting to look into colleges and the University of Michigan (Ann Arbor) is high on my list. But, one big factor is financial aid. So, could anyone shed some light on scholarship opportunities at U of M?

The University of Michigan offers several scholarship programs that can significantly reduce costs for both in-state and out-of-state students. Notable among these is the HAIL Scholarship, which covers full tuition and mandatory fees for eligible lower-income in-state students for up to four years. Keep in mind this scholarship requires no separate application, as U-M automatically considers all admitted in-state students for it.

In terms of scholarships that require separate applications, the Office of Undergraduate Admissions has programs like the Shipman Scholarship, which is merit-based and is provided to students from Michigan. It's a $20,000 per year award.

There's also the Go Blue Guarantee, a financial aid program that aims to cover full tuition and mandatory fees for in-state students from families with an annual income of $75,000 or less. This program takes a broader look at students' financial situations, considering factors like assets and the number of children in college, not just income, to determine eligibility.

Aside from these university-wide opportunities, individual schools and colleges within U-M may offer their own scholarships. For example, the Stamps Scholarships in the College of Literature, Science, and the Arts or the Taubman College, which offers scholarships to Architecture and Urban Planning students. You'll want to check out the specific scholarships for prospective students at the specific college or school within U-M you are applying to.

In short, U-M has a number of opportunities to decrease the cost of attendance, but you'll want to do some thorough research into the financial aid options that align best with your specific needs and circumstances. Make use of their net price calculator (https://npc.collegeboard.org/app/umich) to estimate your potential financial aid package. And remember, you need to complete the FAFSA and CSS Profile to be considered for financial aid, so make sure you get those done on time!