College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Can You Afford Michigan State University?

Concerned about paying for college? Take a look at Michigan State’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $8,609 & $55,154

Worried about paying the full cost of $55,154 to attend Michigan State University? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Michigan, the university offers a discount of 61.5% off tuition and fees. Also, 51.4% of freshmen receive some form of financial aid, with the average amount totaling $12,200. Students from low-income families receive an average of $21,716 in aid during their first year.

Cost for Residents of Michigan (no aid)

Tuition and fees$15,555
+ Room and board$10,522
+ Other expenses$4,248
Total cost$30,325
Affordability Score (39 out of 100)
more expensive
less expensive

Net Price for Residents of Michigan (with average aid)

Total cost$30,325
- Grants and scholarships$12,200
Net price$18,125
Affordability Score (52 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Michigan

Total cost$30,325
- Grants and scholarships$21,716
Net price$8,609
Affordability Score (89 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$40,384
+ Room and board$10,522
+ Other expenses$4,248
Total cost$55,154
Affordability Score (12 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$55,154
- Grants and scholarships$12,200
Net price$42,954
Affordability Score (3 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$55,154
- Grants and scholarships$21,716
Net price$33,438
Affordability Score (7 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Michigan State.

Projected Costs Between $35,882 and $325,143 For a Four Year Degree. Between $17,731 and $159,560 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Michigan State University in 2020 - 2021 was $30,325. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.8% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $32,066 during their first year. By their senior year, that cost will be approximately $34,866, for a bachelor degree candidate ($32,973 for an associate degree candidate) for a total of $133,811 over the course of four years ($65,039 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $235,447 based on a yearly growth rate of 1.9%. The expected two-year cost is $115,542.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Michigan State University

Cost With Interest for Residents of Michigan

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.0%2.8%
Freshman year$8,813$18,475$32,066
Senior year$8,917$18,652$32,973
Total 2-year net price$17,731$37,127$65,039
10-year loan interest @ 6.8%$6,755$14,144$24,777
Total monthly payment$204$427$748
Total amount paid$24,485$51,271$89,816
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.0%2.8%
Freshman year$8,813$18,475$32,066
Senior year$9,129$19,012$34,866
Total 4-year net price$35,882$74,970$133,811
10-year loan interest @ 6.8%$13,670$28,561$50,977
Total monthly payment$413$863$1,540
Total amount paid$49,552$103,530$184,788

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.2%1.9%
Freshman year$33,639$44,017$57,236
Senior year$33,740$44,559$58,306
Total 2-year net price$67,379$88,576$115,542
10-year loan interest @ 6.8%$25,669$33,744$44,017
Total monthly payment$775$1,019$1,330
Total amount paid$93,048$122,320$159,560
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.2%1.9%
Freshman year$33,639$44,017$57,236
Senior year$33,943$45,661$60,507
Total 4-year net price$135,162$179,344$235,447
10-year loan interest @ 6.8%$51,492$68,323$89,696
Total monthly payment$1,555$2,064$2,710
Total amount paid$186,654$247,667$325,143

Visit net price and financial aid to learn more about the total cost of attending Michigan State University.

Further Questions to Consider

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