Ferris State University

In 2022, tuition for full-time Ferris State University students was $13,076 a year for in-state students and $13,076 a year for out-of-state students.

Usually, college tuition goes up about 3% every year.

Remember, the displayed price of tuition does not always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is far less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make theactual cost of attending college more manageable until you're done with college.

International students can expect to pay 21,420 per year for tuition at Ferris State University.

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

Ferris State University is a public, state institution, which means it offers a reduced tuition rate of $13,076 for in-state students who attend full-time. For students who are not considered Michigan-residents, out-of-state tuition is $13,076 a year.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for those who qualify as Michigan residents.

Attending a school where you qualify for the reduced tuition offered to state residentscan save students a lot of money on the overall cost of college. Be sure to verify your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements as well, depending on where you live.

Explore other Michigan colleges

Do International Students Pay More to Go to Ferris State University?

Tuition at Ferris State University is higher for international students than it is for out-of-state students.

International students at Ferris State University usually pay around $21,420 per year, before any scholarships or financial aid.

International students 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.

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Ferris State University Housing Expenses, Fees, and More

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Tuition is not the only cost of attending college; 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.

House and Food Costs at Ferris State University

Room and board at Ferris State University costs $10,268 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the school dining halls.

Board costs vary based on on the numnber of meals you intend to eat on-campus

How Much Do Books Cost at Ferris State University?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are 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

The majority of colleges charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be other costs associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at Ferris State University

The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.

Where are a college is located can impact transportation costs. 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 is sometimes expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. Ferris State Universityis in a small town setting in Michigan, not far from Grand Rapids.

Other Costs

When creating a budget for college, be sure to factor in the cost of things like entertainment, clothes, furnishings and toiletries.

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Financial Breakdown for Ferris State University

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Now, let’s go over all of the costs we've covered, to get a better estimate of how much students can expect to shell out for 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.

2022 Total Tuition and Expenses
In-state Tuition	$13,076
Out-of-State Tuition	$13,076
Room and Board	$10,268
Other expenses	$1,700

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.

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Financial Aid at Ferris State University

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In 2022, 4,432 of the 9,248 undergrads enrolled received financial aid. Ferris State University meets 69% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $15,340 a year. Around 76% 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 $31,010 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$23,830
Private Loans	$25,874

Most Common Loans for Ferris State University Students
Federal Loans	75%
Private loans	22%

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 2022, Ferris State University awarded 3,500 need-based scholarships to students, giving away total of $23.4 million to help students with financial need cover the cost of school. An additional $34.98 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Ferris State University

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 $15,340 in 2022. 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	$-4,620
Net In-state, Off-campus	$-1,248
Out-of-State, On-Campus	$10,720

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 make more informed decisions about 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.

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 offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a 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.

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Learn More About Ferris State University

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