The four-star athlete has a top five of USC, Michigan, Oregon, Vanderbilt and FSU, but McQuay said he won't have all five hats for his selection on Friday.
"Yeah ... I don't know [if Michigan still in consideration]. I don't know how many hats I'll have up there," he said. "My dad said he wasn't paying for five hats. I'll probably only have three hats up there.
McQuay, who will enroll in January, said Florida State is the only school that has accepted him for admittance so far, but he is working with other schools to gain acceptance.
The No. 3 safety in the country said he has an idea of who he will choose Friday, but will not release his top three schools until his final announcement. McQuay has officially visited all five of his finalists.