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Taken from CNN.COM...
ADMISSIONS CRITERIA
At the University of Michigan, minority undergraduate applicants to the College of Literature, Science and the Arts receive a 20-point bonus on the basis of race out of a 150-point system, which takes into consideration other criteria, including academics. Scholarship athletes, for example, get 20 points. Race is covered in a category called "other factors." The point system includes:
Geography
10 points - Michigan resident
6 points - Underrepresented Michigan county
2 points - Underrepresented state
Alumni
4 points - "Legacy" (parents, step-parents)
1 point - Other (grandparents, siblings, spouses)
Essay
1 point - Outstanding essay (since 1999, 3 points)
Personal achievement
1 point - State
3 points - Regional
5 points - National
Leadership and service
1 point - State
3 points - Regional
5 points - National
Miscellaneous
20 points - Socio-economic disadvantage
20 points - Underrepresented racial-ethnic minority identification or education
5 points - Men in nursing
20 points - Scholarship athlete
20 points - Provost's discretion
Maximum of 40 points and only one option is assigned in the alumni, personal achievement, leadership & service, and miscellaneous categories.
I guess this doesn't account for the purely academic aspects (ie, GPA, test scores).
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