Ferris State University

In 2022, tuition for full-time Ferris State University students was $13,524 a year for in-state students and $13,524 a year for out-of-state students.

On average, college tuition rises about 3% year.

If this information makes going to college seem daunting, remember, the advertized cost of tuition does not always give you enough information to determine the actual cost of attending any given college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make thecost of college more manageable until you've finishing school and found a job.

Tuition for international students at Ferris State University is $22,400 per year.

Ferris State University meets 71% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Ferris State University is around $16,660 a year.

Graduates in the class of 2023 had an average of $31,500 in student loans per borrower.

Does Ferris State University Offer In-State and Out-of-State Tuition?

Ferris State University is a public, state institution, so it offers a reduced tuition rate of $13,524 for in-state students who attend full-time. For non-Michigan residents, out-of-state tuition is $13,524 a year.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state tuition can save on the cost of tuition, as well as loans and interest owed. Don't forget to confirm your state's criteria for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on where you live.

Explore other Michigan colleges

Tuition for International Students at Ferris State University

Ferris State University has the same tuition for international students as for those from out of state.

International students at Ferris State University can expect to pay around $22,400 per year, before any scholarships or financial aid.

Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or school-specific grants, scholarships, and other funding opportunities.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Ferris State University Room, Board, Fees, and More

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In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Ferris State University.

Room and Board Costs at Ferris State University

Room and board at Ferris State University costs $10,660 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat all or some of your meals the school dining halls.

Meal-plan costs can depend on the number of meals you intend to eat on-campus

Cost of Books at Ferris State University

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer ways for students with financial need to get help covering these fees.

The Cost of Transportation at Ferris State University

The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your transportation budget. At Ferris State University, freshman are allowed to park on campus.

A school's location can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city may be pricey, but there may be more buses, trains or low-cost flight options to actually get to school. Ferris State Universityis located in a town in Michigan, near Grand Rapids.

Other Costs

When creating a budget for college, don’t forget to consider personal expenses, like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Ferris State University

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Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Ferris State University.

How Much Does Ferris State University Cost?

What will the cost of attending Ferris State University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$13,524
Out-of-State Tuition	$13,524
Room and Board	$10,660
Other expenses	$1,744

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

Ferris State University’s tuition and fees change based on: •Course level for both full and part-time students

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Financial Aid at Ferris State University

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In 2023, 4,399 of the 9,000 undergrads enrolled received financial aid. Ferris State University meets 71% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $16,660 a year. Around 70% of Ferris State University undergrads take out student loans to cover any remaining costs. Ferris State University graduates who have student loans graduate with an average of $31,500 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$22,850
Private Loans	$27,710

Most Common Loans for Ferris State University Students
Federal Loans	68%
Private loans	23%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Ferris State University financial aid, keep reading, or visit their financial aid website.

Scholarships at Ferris State University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Ferris State University awarded 3,470 need-based scholarships to students, giving away total of $23.9 million to help students with financial need cover the cost of school. An additional $39.99 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Ferris State University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Ferris State University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Ferris State University was $16,660 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Ferris State University seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$-6,350
Net In-state, Off-campus	$-2,094
Out-of-State, On-Campus	$10,310

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending Ferris State University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Ferris State University's net cost calculator on their website.

Ferris State University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Ferris State University does not have guaranteed tuition.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Ferris State University Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Ferris State University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Ferris State University's endowment was $113.8 million. The average college endowment was $905 million in 2021. For each full-time student, Ferris State University spends about $9,139 a year.

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Learn More About Ferris State University

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

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