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Annual Costs

Undergraduate Tuition

Ferris State University tuition is $11,290 per year for in-state residents. This is 65% more expensive than the national average public four year tuition of $6,841. The cost is 38% cheaper than the average Michigan tuition of $18,353 for 4 year colleges. Tuition ranks 21st in Michigan amongst 4 year colleges for affordability and is the 38th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $18,048 which represents a 60% premium.

Housing Costs

On campus room and board is provided by the school at a cost of $9,652 per academic year. Students electing to live off campus elsewhere in Big Rapids should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $914.

Other Living Expenses

If living on-campus, students should budget for $1,120 in additional living expenses. Off-campus students should budget for $1,272 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Michigan residents to go to Ferris State University is $22,976 for the 2015/2016 academic year. Out-of-state students who don't have Michigan residence can expect a one year cost of $29,734.

Citation: Price data from the U.S. Department of Education's 2016-2017 and 2015-2016 IPEDS survey response for Ferris State University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Ferris State University
Estimated Budgets
Michigan Resident Total Budget $22,976
   In-State Tuition$11,290
   Other Fees$0
   Room and Board$9,652
   On-Campus Other Budget$1,120
   Books and Supplies$914
Non-Resident Total Budget $29,734
   Out-of-State Tuition$18,048
   Other Fees$0
   Room and Board$9,652
   On-Campus Other Budget$1,120
   Books and Supplies$914

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $22,976 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Ferris State University net price for in-state students is $12,602* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

83% of Ferris State University students received grant aid in 2014/2015. The average total aid amount was $8,713. 44 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,625. To apply for a Pell Grant to attend Ferris State University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Ferris State University
Financial Aid Summary
Average Annual Net Price$12,602*
Percent of Students Receiving Grant Aid83%
Average Total Grant Aid$8,713
Percent of Students Receiving Pell Grants44%
Average Amount of Pell Grant Aid$4,625

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$8,259
$30,001 to $48,000$11,502
$48,001 to $75,000$15,238
$75,001 to $110,000$17,634
$110,000+$18,434

Average Financial Aid Mix - $22,976 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $22,976. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

40%
26%
34%

Grants and Scholarships

 40% - $8,713

Money granted to you by the U.S. Department of Education, Ferris State University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 26% - $5,634

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 34% -  $7,509

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Public Colleges in the Region

School Cost vs. Ferris State University
Western Michigan University6.4% less expensive
University of Wisconsin Milwaukee28.3% less expensive
Oakland University6.9% more expensive
Eastern Michigan University14.2% less expensive
Wayne State University4.2% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Ferris State University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Ferris State University is $91,904 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $12,857 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $51,428**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $114,880 or $64,285 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Ferris State University.

Michigan Resident Tuition Per Semester$5,645
Michigan Resident Total Cost Per Semester$11,488
Non-Michigan Resident Tuition Per Semester$9,024
Non-Michigan Resident Total Cost Per Semester$14,867

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Ferris State University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Ferris State University
Price per credit hour for Michigan residents$398
Cost for one class for Michigan residents (3 credit hours)$1,194
Price per credit hour for out of state residents$597
Cost for one class for out of state residents (3 credit hours)$1,791
Cost for one class for out of state residents (4 credit hours)$2,388

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 71% of Ferris State University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,634. The reported average student debt upon graduation is $36,930.

Example Loan Payments and Costs

How much are student loan payments for Ferris State University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $51,428, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $63,810.35. This could be your effective total out of pocket cost of an education at Ferris State University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 83% of students at this school who receive financial aid and you are paying an average annual net price of $12,857. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Ferris State University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Ferris State University Student Loan Payments
Example Payments
Monthly Loan Payment$531.75
Amount Borrowed$51,428.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$12,382.35
Sum of All Payments over 10 years$63,810.35

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Ferris State University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Ferris State University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $63,810.35 would be needed to afford a $531.75 monthly payment in the example $51,428.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Ferris State University in the future? In the past four years, this school's published in-state tuition and fee total rose from $9,934 to $11,290. This amounts to an average annual price increase of 2.7%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $91,904.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Ferris State University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2023$31,597$126,389
Estimated Cost in 10 years for students enrolling in 2028$40,327$161,309
Estimated Cost in 15 years for students enrolling in 2033 $51,469$205,875
Estimated Cost in 18 years for students enrolling in 2036 $59,582$238,326

Tuition History

What was tuition at Ferris State University five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearIn-StateOut-of-stateAnnual Increase
2012$9,744$15,660 -1.9%
2011$9,930$15,900 4.7%
2010$9,480$16,770 5.3%
2009$9,000$15,900 3.4%
2008$8,700$16,140 18.5%
2007$7,342$14,782 6.7%
2006$6,882$13,622 8.7%
2005$6,332$12,522 2.4%
2004$6,186$12,230 13.5%
2003$5,452$10,944 5.1%
2002$5,188$10,408 21.1%
2001$4,284$9,076 4%
2000$4,118$8,726 3%
1999$3,998$8,350 5%
1998$3,808$7,850 4.9%
1997$3,630$7,364 2.8%
1996$3,532$7,153 3.5%
1995$3,412$6,911 5.9%
1994$3,222$6,526 8.5%
1993$2,970$6,015 15.8%
1992$2,565$5,235 7%
1991$2,397$4,881 7.1%
1990$2,238$4,539 14.9%
1989$1,947$4,044 11.3%
1988$1,749$3,536 4.7%
1987$1,671$3,381

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Ferris State University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Registered Nursing/Registered Nurse Bachelor's Degree 148 12% cheaper
Biology/Biological Sciences, General Bachelor's Degree 92 22% cheaper
Health/Health Care Administration/Management Bachelor's Degree 88 3% cheaper
Construction Management Bachelor's Degree 71 2% costlier
Criminal Justice/Police Science Associate's Degree 69 62% costlier
Operations Management and Supervision Bachelor's Degree 57 4% cheaper
Criminal Justice/Law Enforcement Administration Bachelor's Degree 53 1% costlier
Health Information/Medical Records Technology/Technician Associate's Degree 52 55% costlier
Social Work Bachelor's Degree 51 13% cheaper
Energy Management and Systems Technology/Technician Bachelor's Degree 51 15% cheaper
Elementary Education and Teaching Bachelor's Degree 50 11% cheaper
Hospitality and Recreation Marketing Operations Bachelor's Degree 47 19% cheaper
Marketing/Marketing Management, General Bachelor's Degree 45 14% cheaper
Automotive Engineering Technology/Technician Bachelor's Degree 44 0% costlier
Medical Radiologic Technology/Science - Radiation Therapist Associate's Degree 44 46% costlier
Graphic Design Associate's Degree 41 30% costlier
Animation, Interactive Technology, Video Graphics and Special Effects Bachelor's Degree 40 6% cheaper
Welding Technology/Welder Associate's Degree 39 71% costlier
Construction Engineering Technology/Technician Associate's Degree 38 58% costlier
Dental Hygiene/Hygienist Associate's Degree 37 58% costlier
Manufacturing Engineering Technology/Technician Bachelor's Degree 33 1% cheaper
Plastics and Polymer Engineering Technology/Technician Associate's Degree 30 40% costlier
Mechanical Engineering/Mechanical Technology/Technician Associate's Degree 29 40% costlier
Heating, Ventilation, Air Conditioning and Refrigeration Engineering Technology/Technician Associate's Degree 26 50% costlier
Music Management Bachelor's Degree 26 21% cheaper
General Studies Bachelor's Degree 25 7% cheaper
Illustration Bachelor's Degree 25 30% cheaper
Technical Teacher Education Bachelor's Degree 24 2% cheaper
Radio and Television Broadcasting Technology/Technician Bachelor's Degree 23 19% cheaper
Psychology, General Bachelor's Degree 21 21% cheaper
Photography Bachelor's Degree 21 29% cheaper
Biological and Physical Sciences Associate's Degree 20 46% costlier
Civil Engineering Technology/Technician Associate's Degree 20 57% costlier
Diagnostic Medical Sonography/Sonographer and Ultrasound Technician Associate's Degree 19 55% costlier
Advertising Bachelor's Degree 19 17% cheaper
Architectural Engineering Technology/Technician Associate's Degree 19 49% costlier
Clinical Laboratory Science/Medical Technology/Technologist Bachelor's Degree 18 12% cheaper
Surveying Engineering Bachelor's Degree 18 13% cheaper
Finance, General Bachelor's Degree 17 16% cheaper
Industrial Technology/Technician Bachelor's Degree 16 5% costlier
Accounting Bachelor's Degree 16 15% cheaper
Industrial and Product Design Bachelor's Degree 16 27% cheaper
Parks, Recreation and Leisure Facilities Management, General Bachelor's Degree 16 7% cheaper
Legal Assistant/Paralegal Associate's Degree 15 47% costlier
Public Relations/Image Management Bachelor's Degree 15 20% cheaper
Business Administration and Management, General Associate's Degree 15 43% costlier
Restaurant, Culinary, and Catering Management/Manager Associate's Degree 15 48% costlier
Hotel/Motel Administration/Management Bachelor's Degree 15 19% cheaper
Hospitality Administration/Management, General Bachelor's Degree 14 14% cheaper
Automobile/Automotive Mechanics Technology/Technician Associate's Degree 14 70% costlier
Electrical, Electronic and Communications Engineering Technology/Technician Bachelor's Degree 13 3% costlier
Surveying Technology/Surveying Associate's Degree 13 49% costlier
Art Teacher Education Bachelor's Degree 11 13% cheaper
Tool and Die Technology/Technician Associate's Degree 11 102% costlier
Fine/Studio Arts, General Bachelor's Degree 10 27% cheaper
Prepress/Desktop Publishing and Digital Imaging Design Associate's Degree 10 66% costlier
Heavy Equipment Maintenance Technology/Technician Associate's Degree 10 54% costlier
Chemistry, General Bachelor's Degree 10 24% cheaper
Applied Mathematics, General Bachelor's Degree 9 30% cheaper
Human Resources Management/Personnel Administration, General Bachelor's Degree 9 10% cheaper
Graphic and Printing Equipment Operator, General Production Bachelor's Degree 9 12% costlier
Telecommunications Technology/Technician Bachelor's Degree 9 26% cheaper
Political Science and Government, General Bachelor's Degree 9 24% cheaper
Design and Applied Arts, Other Bachelor's Degree 8 24% cheaper
Biotechnology Bachelor's Degree 8 16% cheaper
Accounting Technology/Technician and Bookkeeping Associate's Degree 8 56% costlier
Health Information/Medical Records Administration/Administrator Bachelor's Degree 8 2% cheaper
Public Administration Bachelor's Degree 8 8% cheaper
Industrial Production Technologies/Technicians, Other Associate's Degree 8 62% costlier
Painting Bachelor's Degree 8 28% cheaper
CAD/CADD Drafting and/or Design Technology/Technician Associate's Degree 8 33% costlier
Child Care and Support Services Management Associate's Degree 7 72% costlier
English/Language Arts Teacher Education Bachelor's Degree 6 10% cheaper
Social Studies Teacher Education Bachelor's Degree 6 16% cheaper
Professional, Technical, Business, and Scientific Writing Bachelor's Degree 6 18% cheaper
Sculpture Bachelor's Degree 6 33% cheaper
Mathematics Teacher Education Bachelor's Degree 6 11% cheaper
History, General Bachelor's Degree 6 23% cheaper
History Teacher Education Bachelor's Degree 6 9% cheaper
Chemical Technology/Technician Associate's Degree 6 58% costlier
Quality Control Technology/Technician Bachelor's Degree 5 6% costlier
Environmental Biology Bachelor's Degree 5 28% cheaper
Health/Medical Preparatory Programs, Other Bachelor's Degree 5 15% cheaper
Art History, Criticism and Conservation Bachelor's Degree 5 36% cheaper
Health Professions and Related Clinical Sciences, Other Associate's Degree 5 41% costlier
Liberal Arts and Sciences, General Studies and Humanities, Other Associate's Degree 5 34% costlier
Metal and Jewelry Arts Bachelor's Degree 5 29% cheaper
Ornamental Horticulture Associate's Degree 4 36% costlier
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 4 21% cheaper
Biology Teacher Education Bachelor's Degree 4 7% cheaper
Drawing Bachelor's Degree 4 25% cheaper
Writing, General Bachelor's Degree 4 24% cheaper
Industrial Electronics Technology/Technician Associate's Degree 4 74% costlier
Accounting and Finance Bachelor's Degree 3 27% cheaper
Printing Management Bachelor's Degree 3 6% costlier
Secondary Education and Teaching Associate's Degree 3 81% costlier
Information Technology Associate's Degree 2 58% costlier
Computer and Information Sciences and Support Services, Other Bachelor's Degree 2 18% cheaper
Sociology Bachelor's Degree 2 23% cheaper
Speech Communication and Rhetoric Bachelor's Degree 2 21% cheaper
Clinical/Medical Laboratory Technician Associate's Degree 2 66% costlier
Computer Systems Networking and Telecommunications Bachelor's Degree 2 14% costlier
Statistics, General Bachelor's Degree 2 30% cheaper
Rhetoric and Composition Associate's Degree 2 58% costlier
Commercial and Advertising Art Bachelor's Degree 1 17% cheaper
Interior Design Bachelor's Degree 1 13% cheaper
Environmental Engineering Technology/Environmental Technology Bachelor's Degree 1 22% cheaper
Nuclear Medical Technology/Technologist Associate's Degree 1 54% costlier
Respiratory Care Therapy/Therapist Associate's Degree 1 59% costlier
Design and Visual Communications, General Bachelor's Degree 1 16% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Ferris State University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Ferris State University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Ferris State University student loan.

Prepayment Option

About Ferris State University

Ferris State University is a four year public college located in Big Rapids, Michigan.  Full time enrollment is 9,642 and part time is 4,545.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
Ferris State University
1201 S State St
Big Rapids, Michigan
49307-2251

For Profit / Not For Profit Status

Ferris State University is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Ferris State University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=169910 IPEDS survey data.

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