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Ferris State University Tuition, Costs, & Financial Aid Information

Big Rapids, MI

Tuition and Expenses


Cost of Attendance
$24,515
Tuition and Fees
$12,930
Room and Board
$10,044
Books and Supplies
$859
Other Expenses
$682
Payment Plans
Installment plan

Applying for Financial Aid


Financial Aid Office

Email
finaid@ferris.edu
Web Site
Financial Aid Web Site
Net Price Calculator URL
Net Price Calculator URL

Application Process

Application Deadline
Priority deadline February 15
Award Notification
On a rolling basis beginning December 15
Methodology for Awarding Institutional Aid
Federal Methodology
Forms Required Cost to File
FAFSA
Code is 002260
Free

Profile of 2019 - 20 Financial Aid


Freshman

Financial Aid Applicants
1,773 (95.1%) of freshmen
Found to Have Financial Need
1,395 (78.7%) of applicants
Received Financial Aid
1,388 (99.5%) of applicants with financial need
Need Fully Met
260 (18.7%) of aid recipients
Average Percent of Need Met
75%
Average Award
$14,500
Need-Based Gift
Received by 1,165 (83.9%) of aid recipients, average amount $5,760
Need-Based Self-Help
Received by 980 (70.6%) of aid recipients, average amount $3,450
Merit-Based Gift
Received by 1,152 (83.0%) of aid recipients
Merit-Based Gift
279 (15.0%) of freshmen had no financial need and received merit aid, average amount $4,700

All Undergraduates

Financial Aid Applicants
7,500 (92.4%) of undergraduates
Found to Have Financial Need
5,600 (74.7%) of applicants
Received Financial Aid
5,559 (99.3%) of applicants with financial need
Need Fully Met
992 (17.8%) of aid recipients
Average Percent of Need Met
68%
Average Award
$12,300
Need-Based Gift
Received by 4,575 (82.3%) of aid recipients, average amount $5,440
Need-Based Self-Help
Received by 4,030 (72.5%) of aid recipients, average amount $4,430
Merit-Based Gift
Received by 3,788 (68.1%) of aid recipients
Merit-Based Gift
1,212 (14.9%) of undergraduates had no financial need and received merit aid, average amount $4,460

Borrowing

2019 Graduates Who Took Out Loans
74%
Average Indebtedness of 2019 Graduates
$34,590
Parents of Students Receiving Aid
11.0%
Parents of Students Not Receiving Aid
8.0%

Financial Aid Programs


Loans

Federal Loans
Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Nursing loans
State Loans
 
Other Loans
College/university loans, Alternative loans

Scholarships and Grants

Need-Based Available
Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships
Non-Need–Based Available
Academic scholarships, Creative arts/performance scholarships, Special achievements/activities, Special characteristics (minority, religious affiliation, other scholarships)

Non-Need Awards

Academic Interest/Achievement Award Areas
Agriculture, Architecture, Biological Sciences, Business, Communication, Computer Science, Education, Engineering/Technologies, Home Economics, Mathematics, Physical Sciences
Number of Awards
4,247
Top Areas (By Money Awarded)
 
Creative Arts/Performance Award Areas
Applied Art and Design, Art/Fine Arts, Debating, Journalism/Publications, Music, Theater/Drama
Number of Awards
542
Top Areas (By Money Awarded)
 
Special Achievements/Activities Award Areas
Leadership, Memberships
Number of Awards
112
Top Areas (By Money Awarded)
 
Special Characteristics Award Areas
Adult Students, Children and Siblings of Alumni, Ethnic Background, International Students, Local/State Students, Members of Minorities, Previous College Experience, Veterans
Number of Awards
150
Top Areas (By Money Awarded)
 

Employment

Work-Study Programs
Federal work study available, other work study available
Average Earnings from On-Campus Employment
$2,580

A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2020 Peterson's LLC. All rights reserved.