Michigan State Tuition & Cost
East Lansing, MichiganHow much does it cost to attend?
In State Michigan Resident Sticker Price
$28,862| Fee | Cost |
|---|---|
| Tuition | $14,460 |
| Books and Supplies | $1,108 |
| Other Fees | $0 |
| Room and Board | $10,322 |
| Other Expenses Budget | $2,972 |
Out of State Resident Sticker Price
$54,168| Fee | Cost |
|---|---|
| Tuition | $39,766 |
| Books and Supplies | $1,108 |
| Other Fees | $0 |
| Room and Board | $10,322 |
| Other Expenses Budget | $2,972 |
Residents of Michigan pay an annual total price of $28,862 to attend Michigan State University on a full time basis. This fee is comprised of $14,460 for tuition, $10,322 room and board, $1,108 for books and supplies and $0 for other fees.
Out of state residents are charged a total cost of $54,168 which is 87.7% higher than Michigan residents. The tuition charge is $39,766 while room and board is $10,322, books and supplies are $1,108 and other fees come in at $0.
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Net Price
Net price is indicative of what it actually costs to attend Michigan State University when typical grants and scholarships are considered. The net price varies by family income and financial need.
Average Net Price 2017/2018
$16,684| Family Income | Net Price Paid |
|---|---|
| $0 to $30,000 | $7,058 |
| $30,001 to $48,000 | $13,116 |
| $48,001 to $75,000 | $19,564 |
| $75,001 to $110,000 | $24,075 |
| $110,000+ | $26,035 |
The average reported annual net price for Michigan State University for students receiving grants or scholarship aid was $16,684 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses
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Financial Aid
| Type | Avg./Student | Students Receiving |
|---|---|---|
| Annual Total Grant Aid | $10,911 | 51% |
| Pell Grant | $4,799 | 19% |
| Federal Student Loan | $5,097 | 41% |
The average reported annual net price for Michigan State University for students receiving grants or scholarship aid was $16,684 in 2017/2018.
Student Loans
To gauge a more realistic picture of what it may really cost you out of pocket to go to Michigan State University, we've modeled a ten year student loan with an original principal value of $49,464. The loan balance of $49,464 is a four year multiple of the $12,366 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 $513 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 | $49,464 |
| Stafford Loan Interest Rate | 4.5% |
| Time to Pay Off Student Loan | 10 years |
| Example Monthly Payment | $513.33 |
| Total Interest Paid | $12,135.45 |
| Sum of All Loan Payments | $61,599.45 |
Projected 4 Year Degree Price
4 Year Sticker Price
$115,448| Year | Michigan Residents | Non Residents |
|---|---|---|
| 1 | $28,862 | $54,168 |
| 2 | $29,703 | $55,746 |
| 3 | $30,568 | $57,369 |
| 4 | $31,458 | $59,040 |
Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Michigan State University to be $115,448 - assuming graduation in normal time. The estimation assumes a 2.9% annual increase over the next 4 years which has been the recent trend for this school.
Credit Hour Cost and Price per Class
| Price Per Credit | 3 Credit Class | 4 Credit Class | |
|---|---|---|---|
| Michigan Residents | $519 | $1,557 | $2,076 | Out of State Residents | $1,346 | $4,038 | $5,384 |
Estimated cost for a class at Michigan 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 Michigan State University versus other colleges.
Tuition Payment Plans Available
| Tuition Payment Plan | Yes |
| Prepaid Tuition Plan | No |
| Alternative Tuition Plan | Yes |
| Guaranteed Tuition Plan | No |
Other Colleges to Consider
Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=171100 IPEDS survey data for Michigan State University.
