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National Application Center :: campus tours :: Ferris State University costs & financial aid

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Ferris State University

Ferris State University
1201 South State Street
Big Rapids, MI 49307

Official telephone: (231) 591-2000
Toll-free telephone: (800) 433-7747
Fax number: (231) 591-2990
Website: www.ferris.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Sara Dew,
Director of Financial Aid
Contacting the office: 231 591-2110
231 591-2950 (fax)
finaid@ferris.edu
FAFSA number: 002260

EXPENSES
Undergraduate tuition: $10,976; $16,464 out-of-state
Tuition notes: in-state tuition based on $392 per credit hour for 28 hrs/yr, out-of-state tuition based on $588 per credit hour for 28 hrs/yr
Book fees: $914
Miscellaneous expenses: $1,194
Other expenses: Transportation, miscellaneous and personal.
Combined room and board expenses: $8,757 - $15,060

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 1noN/A

Date award notification begins: March 15
Applied for financial aid:
93% of first-year students
91% of full-time undergraduates
81% of part-time undergraduates
Determined to have financial need:
82% of first-year students
79% of full-time undergraduates
67% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
99% of full-time undergraduates
93% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
84% of first-year students
76% of full-time undergraduates
75% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
78% of first-year students
82% of full-time undergraduates
71% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
78% of first-year students
59% of full-time undergraduates
12% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
18% of first-year students
17% of full-time undergraduates
6% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
71% for first-year students
67% for full-time undergraduates
46% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$12,540 for first-year students
$11,330 for full-time undergraduates
$6,650 for part-time undergraduates
Average need-based gift award:
$4,560 for first-year students
$4,900 for full-time undergraduates
$3,910 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,850 for first-year students
$4,930 for full-time undergraduates
$4,350 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,640 for first-year students
$4,670 for full-time undergraduates
$4,320 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
14% of first-year students
12% of full-time undergraduates
1% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$4,760 for first-year students
$4,240 for full-time undergraduates
$2,000 for part-time undergraduates
Students who received a non-need-based athletic award:
3% of first-year students
3% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$7,750 for first-year students
$7,680 for full-time undergraduates
$5,000 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 6%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • Federal Nursing Loans
  • College/University Loans
  • private/alternative loans.
Parent loans packaged to meet need: yes
Percent of undergraduates who have borrowed through all loan programs: 82%
Average student debt upon graduation: $35,660
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
  • creative arts/performance
  • athletic scholarships
  • ROTC scholarships
First-year scholarship/grant award range: $100 - $30,700
Undergraduate scholarship/grant award range: $100 - $34,793
Percent of scholarship aid awarded to out-of-state students: 7%

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