by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Curious about the financial aid opportunities at Ferris and what you may be eligible for? Explore the answers here.
Ferris State University average financial aid offer for freshmen students is $10,458.00. Approximately 96% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Ferris State University.
As well as scholarships, 67% of freshmen (1250 total) obtained a federal grant, for about $4,096.00 a piece.
These grants and scholarships consist of mostly federal grants, as well as some local and state awards.
67% of freshmen at Ferris State University (1250 total) received a federal grant, averaging $4,096.00.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.76% | $16,529.00 |
| Income 30k-48k | 11.54% | $13,247.00 |
| Income 48k-75k | 11.81% | $9,876.00 |
| Income 75k-110k | 12.99% | $6,353.00 |
| Income 110k + | 11.17% | $4,131.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
96% of the 1871 undergraduates at Ferris State University receive some sort of grant aid. This is a total of about 1727 students getting an average of $10,458.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.