What Amount of Financial Aid is Available?
$16,544 is the usual Ferris State University's freshman financial aid plan. Around 91.0% of new students get some money for college, most of which is in the form of scholarships and grants.
Financial aid helps reduce the cost, or the "sticker" price of the school. However, know that the only real college discount are scholarships & grants.
A student loan is not a legitimate college discount, but rather an additional cost consideration. Discover how much student loan debt from Ferris you could end up taking on.
How Much Is Offered in Scholarships & Grants?
The stats below refer to aid that is provided by Ferris State University.
74.0% of freshmen (1,319 total) were offered scholarships at Ferris State University, averaging $4,822 per student. This puts it in the middle 20th percentile of all schools in the nation.
As well as scholarships, 45.0% of freshmen (799 total) received a federal grant, for about $4,998 a person.
The graph below shows the average amount of scholarship and grant aid distributed to all freshmen.
Grants are normally based on need while scholarships are based on merit or ability.
How Financial Need Affects Aid
The following table demonstrates grant and scholarship allocations by income level for first year students receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||14.0%||$3,873|
Title IV aid contains loans, grants, or work-study awarded by the federal government typically according to need. Learn more here.
Scholarships & Grants for All Undergrads Average $7,694
8,682 Ferris students receive grants (this is about 67.0% of the entire student body). The average amount these students receive is $7,694
Financial Aid Links from Ferris State University
|Financial Aid Department Website||www.ferris.edu/admissions/financialaid/|
|Net Price Calculator||www.ferris.edu/admissions/financialaid/NetPriceCalculator.htm|