#9 Best Public Universities in Michigan

Ferris State University Tuition & Cost

Big Rapids, Michigan

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How much does it cost to attend?

In State Michigan Resident Sticker Price
In State Costs for Ferris State University
Fee Cost
Books and Supplies$859
Other Fees$0
Room and Board $10,042
Other Expenses Budget$682
Out of State Resident Sticker Price
Out of State Costs for Ferris State University
Fee Cost
Books and Supplies$859
Other Fees$0
Room and Board $10,042
Other Expenses Budget$682

Residents of Michigan pay an annual total price of $23,651 to attend Ferris State University on a full time basis. This fee is comprised of $12,068 for tuition, $10,042 room and board, $859 for books and supplies and $0 for other fees.

Out of state residents are charged a total cost of $23,651 which is 0% higher than Michigan residents. The tuition charge is $12,068 while room and board is $10,042, books and supplies are $859 and other fees come in at $0.

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 Ferris State 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 Ferris State University
Family Income Net Price Paid
$0 to $30,000$7,207
$30,001 to $48,000$10,521
$48,001 to $75,000$14,101
$75,001 to $110,000$17,132

The average reported annual net price for Ferris State University for students receiving grants or scholarship aid was $13,097 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

90% of full-time undergrad Ferris State 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 $9,769 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 66% of students received Federal Student Loans averaging $5,366 and 12% of undergrads took out private student loans averaging $11,141.

Finanical Aid Ferris State University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,769 90%
Institutional Grants and Scholarships $4,894 72%
Pell Grants $5,022 45%
Other Federal Grants $1,289 14%
State and Local Grants $8,614 33%
Federal Student Loans $5,366 66%
Other Student Loans $11,141 12%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Ferris State University, we've modeled a ten year student loan with an original principal value of $51,428. The loan balance of $51,428 is a four year multiple of the $12,857 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 $491 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 $51,428
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $490.68
Total Interest Paid $7,453.58
Sum of All Loan Payments $58,881.58

Projected 4 Year Degree Price

4 Year Sticker Price
Year Michigan Residents Non Residents
1 $23,651 $23,651
2 $24,267 $24,267
3 $24,900 $24,900
4 $25,548 $25,548

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Ferris State University to be $94,604 - assuming graduation in normal time. The estimation assumes a 2.6% 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 Ferris State University
Price Per Credit 3 Credit Class 4 Credit Class
Out of State Residents $442 $1,326 $1,768

Estimated cost for a class at Ferris State 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 Ferris State University versus other colleges.

Tuition Payment Plans Available

Ferris State 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=169910 IPEDS survey data for Ferris State University.