In 2021, tuition for full-time students at Ferris State University was $13,710 a year$13,710 a year for in-state students and $13,710 a year for out-of-state students.
On average, college tuition rises about 3%ba year.
If this information makes going to college seem daunting, remember, the "sticker price" of tuition doesn't tell the full story. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college until you're done with college.
Tuition for international students at Ferris State University is $21,450 per year.
Ferris State University is a public, state institution, so it offers a reduced tuition rate of $13,710 for in-state students who attend full-time. For students who are not considered Michigan-residents, out-of-state tuition is $13,710 a year.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency..
Choosing a college where you are eligible for in-state tuition can save students a lot of money on the cost of tuition, as well as loans and interest owed. Don't forget to confirm your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. 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 the state you and your parents currently reside in.
Tuition at Ferris State University is higher for international students.
International students at Ferris State University usually pay around $21,450 per year, before any scholarships, grants or other financial aid.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Ferris State University-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
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.
Housing and campus dining at Ferris State University is $10,036 a year. This covers the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the Ferris State University's on-campus cafeterias and dining halls.
Meal-plan costs can depend on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. . The real 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 used textbooks and materials.
The majority of colleges also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have resources so that those with demonstrated need to find ways to lower or eliminate these costs.
The total cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school?. Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car 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 an urban area might be expensive, but there may be more trains, busses or affordable flights to actually get to school. Ferris State Universityis located in a small town setting in Michigan, near Grand Rapids.
When creating a budget for college, don’t forget to take into account the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Ferris State University.
|2021 Total Tuition and Expenses|
|Room and Board||$10,036|
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
Ferris State University’s tuition and fees change based on: B Academic program for both full and part-time students Course level for both full and part-time students
In 2021, 4,902 of the 11,184 undergrads enrolled received financial aid. Ferris State University meets 68% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $14,290 a year. Around 73% 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 $34,640 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Ferris State University-Specific Loans||$0|
|Most Common Loans for Ferris State University Students|
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.
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 2021, Ferris State University awarded 3,935 need-based scholarships to students, giving away total of $25.6 million to help students with financial need cover the cost of school. An additional $33.67 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 $14,290 in 2021. 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|
|Net In-state, Off-campus||$1,646|
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.
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.
A Prepaid Tuition Plan is not available for Ferris State University students.
Ferris State University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Ferris State University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
To learn more about Ferris State University, choose from the options below:
Visit the College Confidential forums to join the conversation about Ferris State University