univstats

Ferris State Financial Aid

Number Received Financial Aid (All Undergraduate) 6,737
Percent Received Financial Aid(All Undergraduate) 73%
Average Aid Amount $9,598
Number Received Financial Aid (Freshmen) 1,317
Percent Received Financial Aid (Freshmen) 97%

Financial Aid Information at Ferris State

For the academic year 2021-2022, a total of 6,737 students (73% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $9,598. For freshmen (Full-time, first-time degree-seeking undergraduate students), 1,317 students (97% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Ferris State University is $13,608 for Michigan residents and $13,630 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 6,737 students (73% of all students) have received grants or scholarships and the average received aid amount is $9,598. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Ferris State University for all undergraduate students.
Undergraduate Student Financial Aid at Ferris State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid6,73773%$9,598
Pell Grants3,17234%$5,181
Federal Student Loans4,28246%$6,990

Beginning Students Financial Aid

a total of 1,317 beginning students (97% of all freshmen) have received any financial aid and 1,306 students (96% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Ferris State University.
Beginning Students (Freshmen) Financial Aid at Ferris State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid1,31797%-
Grants or Scholarship from All Sources1,27194%$11,128
Federal Grants59344%$5,819
Pell Grants58243%$5,460
Other Federal Grants20115%$1,357
State/Local Grants43032%$10,959
Institutional Grants1,14884%$5,210
Student Loans70752%$7,868
Federal Student Loans68951%$5,246
Other Student Loans14210%$13,720

Students Headcount by Living Status

For academic year 2021-2022, total 1,271 full-time beginning students have enrolled and attended Ferris State University. Among them, 1,045 students have lived on campus and 138 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at Ferris State University
Living Status201920202021
Living On-Campus1,4851,0301,045
Living Off-Campus with Family10011988
Living Off-Campus without Family142199138

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at Ferris State University
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level958922$11,805,794$12,323
$0 - $30,000315315$5,943,905$18,870
$30,001 - $48,000158158$2,471,699$15,644
$48,001 - $75,000130125$1,431,843$11,014
$75,001 - $110,000153145$1,068,083$6,981
$110,001 or more202179$890,264$4,407