Student Loans for Ferris State University Students
About Ferris State University
Ferris State University, a public university in Big Rapids, Michigan, is a large university that places an emphasis on education for placement in industrial careers. With over 14,000 undergrads, Ferris State University still manages to have a cozy student to faculty ratio of 15:1, a figure that enforces the notion of personal professional preparation that is behind a Ferris State University education.
You never want costs to catch you unawares, especially when you’re receiving financial aid; to this end, it’s important to sniff out the little hidden costs of college that you might not think of when first assembling a budget. Beyond room and board, tuition, and textbooks hide the costs of eating meals off-campus, traveling, and general incidental expenses. Be sure to think of every possible spending opportunity, then try to limit them while you’re on campus, but leave yourself a little bit of room for unexpected spending. Better to be financially safe than over-budget.
Applying for Ferris State University Financial Aid
As Ferris State University is a public university, the only form they require to receive financial aid is the Free Application for Federal Student Aid (FAFSA). This form allows the federal government and the Ferris State University financial aid office to evaluate your financial need and put together a reasonable financial aid package that will line up with your financial standing. Also, it would be helpful to speak with an aid officer at the Ferris State University financial aid office to get a sense of your eligibility for ‘free money’ aid such as scholarships, as well as the possibility of borrowing.
Ferris State University Student Loans
The standard Ferris University State financial aid package will be some sort of mash-up of student loans, grants, scholarships, and federal work-study programs. Nearly all of the student body receives financial aid (92%), and a majority accepts the federal student loans included in their financial aid package. For about a quarter (22%) of the students at Ferris State University, federal loans alone are not enough to totally cover the cost of attendance, and these students turn to private student loans to bolster their aid package.
Frequently Asked Questions
Q:How many students receive Ferris State Financial Aid, and how?
A:The Ferris State Financial Aid department accepts 30% of applicants for financial aid, based on the information provided on students’ FAFSA forms, also known as the Free Application for Federal Student Aid. The verification process aims to accurately evaluate students’ financial need, and upon successful verification, students are mailed Student Aid Reports, which explain their eligibility status for aid. From that point, financial aid packages will be sent out shortly thereafter.
Q: Can you tell me about the various Ferris financial aid programs?
A:Ferris financial aid offers federal loans, scholarships, grants, and work-study. These programs are designed to provide students with enough funding to cover their tuition fees and other education related expenses. To apply for aid, you must simply fill out the FAFSA, which can be found at fafsa.ed.gov.
Pay for Ferris State University*
|Total Avg. Cost||$21,522|
|Room & Board||$7,882|
|Financial Aid Information|
|Students Receiving Fin Aid||93%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,794|
|%Receiving Other Loans||21%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics