#10 Best Public Universities in Michigan

CMU Tuition & Cost

Mount Pleasant, Michigan

 2 Reviews

How much does it cost to attend?

In State Michigan Resident Sticker Price
In State Costs for Central Michigan University
Fee Cost
Books and Supplies$1,000
Other Fees$450
Room and Board $10,328
Other Expenses Budget$1,080
Out of State Resident Sticker Price
Out of State Costs for Central Michigan University
Fee Cost
Books and Supplies$1,000
Other Fees$450
Room and Board $10,328
Other Expenses Budget$1,080

Residents of Michigan pay an annual total price of $25,368 to attend Central Michigan University on a full time basis. This fee is comprised of $12,510 for tuition, $10,328 room and board, $1,000 for books and supplies and $450 for other fees.

Out of state residents are charged a total cost of $36,528 which is 44% higher than Michigan residents. The tuition charge is $23,670 while room and board is $10,328, books and supplies are $1,000 and other fees come in at $450.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Central Michigan University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Central Michigan University
Family Income Net Price Paid
$0 to $30,000$11,598
$30,001 to $48,000$12,127
$48,001 to $75,000$14,591
$75,001 to $110,000$17,894

The average reported annual net price for Central Michigan University for students receiving grants or scholarship aid was $15,266 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

90% of full-time undergrad Central Michigan University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $9,417 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 76% of students received Federal Student Loans averaging $5,209 and 8% of undergrads took out private student loans averaging $9,447.

Finanical Aid Central Michigan University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,417 90%
Institutional Grants and Scholarships $7,440 90%
Pell Grants $4,617 37%
Other Federal Grants $1,484 0%
State and Local Grants $1,190 7%
Federal Student Loans $5,209 76%
Other Student Loans $9,447 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Central Michigan University, we've modeled a ten year student loan with an original principal value of $51,672. The loan balance of $51,672 is a four year multiple of the $12,918 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $493 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $51,672
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $493.01
Total Interest Paid $7,488.95
Sum of All Loan Payments $59,160.95

Projected 4 Year Degree Price

4 Year Sticker Price
Year Michigan Residents Non Residents
1 $25,368 $36,528
2 $25,790 $37,135
3 $26,218 $37,753
4 $26,654 $38,380

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Central Michigan University to be $101,472 - assuming graduation in normal time. The estimation assumes a 1.7% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Central Michigan University
Price Per Credit 3 Credit Class 4 Credit Class
Michigan Residents $427 $1,281 $1,708
Out of State Residents $789 $2,367 $3,156

Estimated cost for a class at Central Michigan University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Central Michigan University versus other colleges.

Tuition Payment Plans Available

Central Michigan University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=169248 IPEDS survey data for Central Michigan University.