tomahok Posted December 26, 2011 Posted December 26, 2011 on my acceptance letter to university of michigan they wrote " All types of support will provide similar funding with a stipend of $2,200 a month, plus tuition, fees, and health benefits." does this mean that i would actually get $2200 and that there is a tuition remission or it means that they take the tuition off that?? in other words what am i left with?
ktel Posted December 26, 2011 Posted December 26, 2011 Sounds like tuition is covered. That's what I would understand "plus tuition" to mean. I found a lot of my funding offers a bit confusing to understand so I usually just e-mailed to confirm
Amogh Posted December 27, 2011 Posted December 27, 2011 Rest assured that your fees and tuition will be borne by your department/advsior's grant and the 2200 is your income(taxable :C) to do whatever you want with(probably live very cheaply but you get the drift.) Congratulations. You have just won a free ride through grad school. And been told of it this early! Awesome. Sigaba and litjust 1 1
tomahok Posted December 27, 2011 Author Posted December 27, 2011 well thank you very much, but nothing comes as a free ride cause i busted my ass to achieve this :-) i am amazed though at how early they gave me an answer and i am still waiting on other schools to respond. do you have a good estimation of how much would i be left with after tax?
Eigen Posted December 28, 2011 Posted December 28, 2011 Tax depends on the rest of your situation- donations, deductions, dependants, etc. $2200 a month is roughly $26400 per year. Assuming no dependents, you'd probably pay around 4-5k in taxes per year. You could check out one of the online tax calculators to get a more exact estimate.
Sigaba Posted December 28, 2011 Posted December 28, 2011 Congratulations. You have just won a free ride through grad school. And been told of it this early! Awesome. IME, even the most generously funded fellowships an institution has to offer require reviews at the end of each academic year. That is, the 'free ride' must be earned each and every year.
Amogh Posted January 1, 2012 Posted January 1, 2012 @Jadilicious: I'm sorry I didn't mean to sound rude with that. Poor choice of words on my part. What I meant is that you don't have to pay your way through school hence my term "free ride". I'm sure you worked really hard for this admit and you totally deserve it. Not trying to indicate anything otherwise. Sorry about the misunderstanding. @Sigaba: I was going on the assumption that given the OP was admitted this early, he/she must be sort of a superstar so I assumed that clearing the review wouldn't be too much of an issue. . But very valid point. Sigaba 1
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