Application Advice

Before deciding on a university to attend, make sure to consider the potential financial implications. One important factor is that public universities in your state typically offer reduced tuition rates for residents. For instance, in 2024, if you lived in Florida and attended the University of Florida, your in-state tuition and fees would be approximately $6,381 for the academic year. Conversely, attending the University of Michigan as an out-of-state student would cost about $57,273 in tuition and fees for the same period. Over four years, this difference would amount to a staggering $203,568 more to attend the University of Michigan! So when deciding on a college to attend, do not simply pick a school because it is ranked one spot higher on an arbitrary list. That's a great way to end up with a debilitating amount of debt.

If you come from a low-income background and all tuition prices seem to be ridiculously unaffordable, remember that need-based scholarships are often available. For example, the University of Illinois Urbana-Champaign offers free tuition through the Illinois Commitment program for in-state students whose families earn $67,100 or less per year. Similar programs are also offered by many other public flagship universities and private institutions. So while it's important to keep financials in mind, don't necessarily let them deter you from pursuing your educational goals as there are many opportunities available to help you fund your education.