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Big Rapids, Michigan

Ferris State University Tuition & Cost

How much does it cost to attend?

In State Michigan Resident Sticker Price
$23,194
In State Costs for Ferris State University
Fee Cost
Tuition$11,788
Books and Supplies$840
Other Fees$0
Room and Board $9,894
Other Expenses Budget$672
Out of State Resident Sticker Price
$23,194
Out of State Costs for Ferris State University
Fee Cost
Tuition$11,788
Books and Supplies$840
Other Fees$0
Room and Board $9,894
Other Expenses Budget$672

Residents of Michigan pay an annual total price of $23,194 to attend Ferris State University on a full time basis. This fee is comprised of $11,788 for tuition, $9,894 room and board, $840 for books and supplies and $0 for other fees.

Out of state residents are charged a total cost of $23,194 which is 0% higher than Michigan residents. The tuition charge is $11,788 while room and board is $9,894, books and supplies are $840 and other fees come in at $0.

All price data is sourced from the 2018/2019 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 2017/2018
$12,973
Net Price by Income Ferris State University
Family Income Net Price Paid
$0 to $30,000$8,173
$30,001 to $48,000$10,796
$48,001 to $75,000$13,593
$75,001 to $110,000$16,704
$110,000+$18,023

The average reported annual net price for Ferris State University for students receiving grants or scholarship aid was $12,973 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Ferris State University
Type Avg./Student Students Receiving
Annual Total Grant Aid $9,082 91%
Pell Grant $4,663 44%
Federal Student Loan $5,767 70%

The average reported annual net price for Ferris State University for students receiving grants or scholarship aid was $12,973 in 2017/2018.

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 $534 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 4.529%.

Example Loan $51,428
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $533.71
Total Interest Paid $12,617.30
Sum of All Loan Payments $64,045.30

Projected 4 Year Degree Price

4 Year Sticker Price
$92,776
Year Michigan Residents Non Residents
1 $23,194 $23,194
2 $23,836 $23,836
3 $24,497 $24,497
4 $25,175 $25,175

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 $92,776 - assuming graduation in normal time. The estimation assumes a 2.8% 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 $428 $1,284 $1,712

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.