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Annual Costs

Undergraduate Tuition

Lake Superior State University tuition is $11,232 per year for in-state residents. This is 59% more expensive than the national average public four year tuition of $7,056. The cost is 41% cheaper than the average Michigan tuition of $19,001 for 4 year colleges. Tuition ranks 20th in Michigan amongst 4 year colleges for affordability and is the 39th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $11,232 which represents a 0% premium.

The school charges an additional fees of $195 in addition to tuition bringing the total effective in-state tuition to $11,427.

Housing Costs

On campus room and board is provided by the school at a cost of $9,594 per academic year. Students electing to live off campus elsewhere in Sault Ste Marie should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,100.

Other Living Expenses

If living on-campus, students should budget for $1,600 in additional living expenses. Off-campus students should budget for $1,600 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Michigan residents to go to Lake Superior State University is $23,721 for the 2017/2018 academic year. Out-of-state students who don't have Michigan residence can expect a one year cost of $23,721.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Lake Superior State University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Lake Superior State University
Estimated Budgets
Michigan Resident Total Budget $23,721
   In-State Tuition$11,232
   Other Fees$195
   Room and Board$9,594
   On-Campus Other Budget$1,600
   Books and Supplies$1,100
Non-Resident Total Budget $23,721
   Out-of-State Tuition$11,232
   Other Fees$195
   Room and Board$9,594
   On-Campus Other Budget$1,600
   Books and Supplies$1,100

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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 $23,721 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 Lake Superior State University net price for in-state students is $10,356* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

86% of Lake Superior State University students received grant aid in 2014/2015. The average total aid amount was $9,171. 42 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 $4,207. To apply for a Pell Grant to attend Lake Superior State University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Lake Superior State University
Financial Aid Summary
Average Annual Net Price$10,356*
Percent of Students Receiving Grant Aid86%
Average Total Grant Aid$9,171
Percent of Students Receiving Pell Grants42%
Average Amount of Pell Grant Aid$4,207

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$5,368
$30,001 to $48,000$8,157
$48,001 to $75,000$11,477
$75,001 to $110,000$18,156
$110,000+$19,524

Average Financial Aid Mix - $23,721 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $23,721. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

41%
22%
37%

Grants and Scholarships

 41% - $9,171

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

Federal Loans

 22% - $4,831

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

Out of Pocket

 37% -  $8,119

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. Lake Superior State University
Cleveland State University14.2% less expensive
Edinboro University of Pennsylvania33.3% less expensive
University of Akron Main Campus23.3% less expensive
Indiana University Kokomo41.2% less expensive
Clarion University of Pennsylvania33.3% 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 Lake Superior 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 Lake Superior State University is $94,884 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 $11,176 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $44,704**

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 $118,605 or $55,880 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 Lake Superior State University.

Michigan Resident Tuition Per Semester$5,616
Michigan Resident Total Cost Per Semester$11,860
Non-Michigan Resident Tuition Per Semester$5,616
Non-Michigan Resident Total Cost Per Semester$11,860

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 Lake Superior 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 Lake Superior State University
Price per credit hour for out of state residents$468
Cost for one class for out of state residents (3 credit hours)$1,404
Cost for one class for out of state residents (4 credit hours)$1,872

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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. 60% of Lake Superior State University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,831. The reported average student debt upon graduation is $26,651.

Example Loan Payments and Costs

How much are student loan payments for Lake Superior 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 $44,704, 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 $55,467.41. This could be your effective total out of pocket cost of an education at Lake Superior State University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 86% of students at this school who receive financial aid and you are paying an average annual net price of $11,176. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Lake Superior 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.

Lake Superior State University Student Loan Payments
Example Payments
Monthly Loan Payment$462.23
Amount Borrowed$44,704.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$10,763.41
Sum of All Payments over 10 years$55,467.41

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Lake Superior 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 Lake Superior 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 $55,467.41 would be needed to afford a $462.23 monthly payment in the example $44,704.00 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 Lake Superior State University in the future? In the past four years, this school's published in-state tuition and fee total rose from $9,540 to $11,232. This amounts to an average annual price increase of 3.5%. 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 $94,884.00. 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 Lake Superior State University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2023$32,622$130,488
Estimated Cost in 10 years for students enrolling in 2028$41,635$166,539
Estimated Cost in 15 years for students enrolling in 2033 $53,138$212,551
Estimated Cost in 18 years for students enrolling in 2036 $61,513$246,054

Tuition History

What was tuition at Lake Superior 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$9,264$13,896 6.9%
2011$8,664$17,328 4.6%
2010$8,284$16,468 4.9%
2009$7,894$15,718 8.9%
2008$7,246$14,422 8%
2007$6,708$13,266 6.4%
2006$6,306$12,294 9.9%
2005$5,736$11,154 5.2%
2004$5,454$10,380 14.6%
2003$4,758$9,114 9.8%
2002$4,334$8,312 8%
2001$4,014$7,700 -4.9%
2000$4,220$7,732 9%
1999$3,871$7,320 6.3%
1998$3,642$7,158 3.1%
1997$3,534$6,948 4.1%
1996$3,396$7,322 2.5%
1995$3,312$6,456 3.5%
1994$3,200$6,236 18.8%
1993$2,694$5,280 7%
1992$2,518$4,906 23.1%
1991$2,045$4,067 6.5%
1990$1,920$3,819 8.7%
1989$1,767$3,507 9.9%
1988$1,608$3,040 6%
1987$1,517$2,876

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Lake Superior 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 62 34% cheaper
Business Administration and Management, General Bachelor's Degree 30 31% cheaper
Criminal Justice/Law Enforcement Administration Associate's Degree 26 12% costlier
Elementary Education and Teaching Bachelor's Degree 19 33% cheaper
Health and Physical Education/Fitness, General Associate's Degree 18 17% costlier
Psychology, General Bachelor's Degree 17 41% cheaper
Fire Science/Fire-fighting Associate's Degree 16 29% costlier
Accounting Bachelor's Degree 15 36% cheaper
Biology/Biological Sciences, General Bachelor's Degree 15 41% cheaper
Fishing and Fisheries Sciences and Management Bachelor's Degree 14 33% cheaper
Accounting Technology/Technician and Bookkeeping Associate's Degree 12 22% costlier
History, General Bachelor's Degree 11 42% cheaper
Mechanical Engineering Bachelor's Degree 10 44% cheaper
Electrical and Electronics Engineering Bachelor's Degree 9 44% cheaper
Computer Systems Networking and Telecommunications Bachelor's Degree 9 12% cheaper
Corrections Associate's Degree 9 35% costlier
Kinesiology and Exercise Science Bachelor's Degree 7 38% cheaper
Early Childhood Education and Teaching Associate's Degree 7 25% costlier
Chemistry, Other Bachelor's Degree 7 43% cheaper
Licensed Practical/Vocational Nurse Training Associate's Degree 7 17% costlier
Liberal Arts and Sciences/Liberal Studies Associate's Degree 7 7% costlier
Political Science and Government, General Bachelor's Degree 7 43% cheaper
Natural Resources/Conservation, General Associate's Degree 6 26% costlier
Marketing/Marketing Management, General Bachelor's Degree 6 35% cheaper
Environmental Health Bachelor's Degree 5 34% cheaper
Organizational Communication, General Bachelor's Degree 5 40% cheaper
Social Studies Teacher Education Bachelor's Degree 5 36% cheaper
Engineering, Other Bachelor's Degree 4 47% cheaper
Athletic Training/Trainer Bachelor's Degree 4 37% cheaper
Finance, General Bachelor's Degree 4 36% cheaper
Mathematics, General Bachelor's Degree 4 42% cheaper
Parks, Recreation and Leisure Facilities Management, General Bachelor's Degree 4 30% cheaper
Computer Engineering, General Bachelor's Degree 4 44% cheaper
Sociology Bachelor's Degree 4 42% cheaper
Homeland Security Associate's Degree 4 60% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 4 43% cheaper
English Language and Literature, General Bachelor's Degree 4 41% cheaper
Web/Multimedia Management and Webmaster Associate's Degree 4 24% costlier
Fine/Studio Arts, General Bachelor's Degree 3 45% cheaper
Human Services, General Bachelor's Degree 3 32% cheaper
LEGAL PROFESSIONS AND STUDIES Associate's Degree 3 13% costlier
Corrections and Criminal Justice, Other Bachelor's Degree 3 28% cheaper
Substance Abuse/Addiction Counseling Associate's Degree 3 25% costlier
International Business/Trade/Commerce Bachelor's Degree 3 43% cheaper
Social Work Associate's Degree 3 30% costlier
Business/Commerce, General Associate's Degree 3 7% costlier
Office Management and Supervision Associate's Degree 2 28% costlier
Manufacturing Engineering Technology/Technician Associate's Degree 2 33% costlier
Chemical Technology/Technician Associate's Degree 2 21% costlier
Sport and Fitness Administration/Management Bachelor's Degree 2 37% cheaper
Emergency Medical Technology/Technician (EMT Paramedic) Associate's Degree 2 31% costlier
Chemistry, General Associate's Degree 2 21% costlier
Business Teacher Education Bachelor's Degree 2 22% cheaper
Geology/Earth Science, General Bachelor's Degree 2 43% cheaper
Computer Science Associate's Degree 2 14% costlier
English/Language Arts Teacher Education Bachelor's Degree 1 32% cheaper
French Language Teacher Education Bachelor's Degree 1 30% cheaper
Geographic Information Science and Cartography Bachelor's Degree 1 27% cheaper
Natural Resources Conservation and Research, Other Bachelor's Degree 1 23% cheaper
Conservation Biology Bachelor's Degree 1 47% cheaper
Industrial Technology/Technician Bachelor's Degree 1 21% cheaper
French Studies Bachelor's Degree 1 59% cheaper
Construction Engineering Technology/Technician Associate's Degree 1 21% costlier
History Teacher Education Bachelor's Degree 1 32% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Lake Superior 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 Lake Superior 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 Lake Superior State University student loan.

Prepayment Option

About Lake Superior State University

Lake Superior State University is a four year public college located in Sault Ste Marie, Michigan.  Full time enrollment is 1,811 and part time is 288.

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

Address
Lake Superior State University
650 W Easterday Ave
Sault Ste Marie, Michigan
49783

For Profit / Not For Profit Status

Lake Superior 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.

Lake Superior State University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=170639 IPEDS survey data.