Ferris State University
Big Rapids, Michigan · Public · 91.4% acceptance rate
ROI Score: 68/100 · Fair Value
Data: 2024-25 College Scorecard release
Ferris State University earns a Fair Value ROI score of 68. Tuition is $14,778, but heavy aid drops net price to a remarkably low $8,624, with four-year cost of just $34,496. Average earnings six years out are $40,300, climbing to a median $54,735 by year ten. The earnings premium subscore of 92 reflects strong wage outcomes for Ferris graduates relative to high school baselines. Payback period of 8.8 years and debt-to-earnings ratio of 0.521 against $21,000 median debt produce workable economics. The drag is completion: just 46.9% of students finish, scoring 32 out of 100. The institution's program lineup is its calling card - 15+ programs earn B or B+ ROI grades, spanning manufacturing engineering, construction management, nursing, dental hygiene, and skilled-trades pathways.
Ferris State University
Quick Numbers
| In-state tuition + fees | $14,778/yr |
| Out-of-state tuition + fees | $14,778/yr |
| Average net price | $8,624/yr |
| Total 4-year cost (net) | $34,496 |
| Median earnings (10yr post-entry) | $54,735 |
| Average earnings (6yr post-entry) | $40,300 |
| Median debt at graduation | $21,000 |
| Estimated monthly loan payment | $223 |
| Estimated payback period | 8.8 years |
| 6-year graduation rate | 46.9% |
| Undergraduate enrollment | 8,106 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $14,778/year, which covers tuition and fees only. After grants, scholarships, and aid, the average student here pays a net price of $8,624/year, or roughly $34,496 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $2,556/year here, while families earning over $110,000 pay $18,603/year. If money is tight, that matters: this school gives low-income students enough aid to land well below the sticker price.
Among graduates who borrowed, the median federal loan debt from this school is $21,000, which works out to about $223 a month on the standard 10-year repayment plan. Our debt-to-earnings ratio divides that debt by average earnings six years after entry ($40,300) and comes to 0.52, under 1.0, meaning median debt is less than a full year of those earnings.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $2,556 |
| $30,001 - $48,000 | $4,315 |
| $48,001 - $75,000 | $7,638 |
| $75,001 - $110,000 | $12,485 |
| $110,001+ | $18,603 |
Cost by Income Bracket Explained
Lower-income families (under $30K)
Families under $30,000 pay just $2,556 net - a stunning figure that makes Ferris essentially free for Pell-eligible students. That comes to about $10,000 over four years. The challenge is completion: institutional supports matter enormously at this price point.
Middle-income families ($30K-$110K)
Middle-income families ($48,001-$75,000) pay $7,638 - still extraordinarily affordable. That comes to about $30,000 over four years. Strong technical-program outcomes plus very low net cost produces excellent ROI.
Higher-income families ($110K+)
Higher-income families ($110,001+) pay $18,603 - the highest bracket and consistent with a progressive aid formula. That comes to about $74,000 over four years. Even at full freight, Ferris remains a sensible choice for full-pay students targeting its technical specialties.
Earnings by Major
Top 10 most popular majors at Ferris State University with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Business Administration, Management, and Operations | $64,131 | C+ |
| Criminal Justice and Corrections | $60,325 | C |
| Registered Nursing | $81,718 | B |
| Industrial Production Technologies/Technicians | $91,993 | B+ |
| Mechanical Engineering Related Technologies/Technicians | $82,821 | B |
| Design and Applied Arts | $50,658 | D |
| Teacher Education | $45,053 | D |
| Liberal Arts and Sciences | $54,837 | D |
| Graphic Communications | $44,116 | D |
| Biology | $56,878 | D |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Business Administration, Management, and Operations
Business is Ferris's largest program with 171 graduates annually. First-year earnings of $48,535 climb to $64,131 by year four. Median debt of $25,384 produces a 0.523 ratio and C+ ROI grade. Solid Michigan regional placement, particularly into manufacturing-adjacent operations and supply chain roles. A reasonable choice but not the school's standout.
Criminal Justice and Corrections
Criminal Justice is Ferris's second-largest program with 164 graduates. First-year earnings of $44,897 climbing to $60,325 by year four. Median debt of $25,260 yields a 0.563 ratio and C ROI grade. Strong placement into Michigan state and local law enforcement supports the wages. Reasonable economics for a CJ degree.
Registered Nursing
Nursing graduates 97 students with first-year earnings of $74,851 climbing to $81,718 by year four. Median debt of $27,000 produces a healthy 0.361 ratio and B ROI grade. Strong demand for RNs across Michigan supports the wages. One of Ferris's clearest financial wins.
Industrial Production Technologies/Technicians
Industrial Production graduates 86 students - a distinctive Ferris program targeting manufacturing supervisor and process roles. First-year earnings of $78,820 are exceptional, climbing to $91,993 by year four. Median debt of $24,250 produces a 0.308 ratio and B+ ROI grade. That four-year figure is the highest of the five programs profiled on this page.
Manufacturing Engineering
Manufacturing Engineering graduates 43 students with first-year earnings of $68,715 climbing to $80,996 by year four. Notably low median debt of $18,500 produces a strong 0.269 ratio and B+ ROI grade. The program is a centerpiece of Ferris's identity and places exceptionally well into Michigan's auto and industrial manufacturing employers. Excellent program-level value.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Median of schools we score |
|---|---|---|
| 1-year repayment | 66.2% | 68.8% |
| 3-year repayment | 72.2% | 73.6% |
| 5-year repayment | 62.9% | 67.7% |
| 7-year repayment | 70.2% | 72.8% |
Completion Rate
Trends Over Time
How Ferris State University’s cost and outcomes have moved across College Scorecard releases (2009-2024).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Acceptance rate | 91.4% |
| SAT Math (25th-75th) | 430-550 |
| SAT Reading (25th-75th) | 460-570 |
| ACT Composite (25th-75th) | 20-24 |
| Enrollment | 8,106 |
| Pell Grant recipients | 34.2% |
| Avg faculty salary (monthly) | $10,752 |
Ferris admits 91.4% of applicants - effectively open admission. The 47% completion rate is consistent with this profile and is the single biggest risk factor at Ferris. Students who arrive academically prepared and pick a structured technical program graduate at much higher rates than the institution-wide number.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| Ferris State University (this school) | 68 | $8,624 | $54,735 |
| University of Northern Iowa | 69 | $15,901 | $55,177 |
| Central Washington University | 68 | $18,476 | $61,580 |
| College of Staten Island CUNY | 67 | $5,579 | $53,501 |
| Central Michigan University | 51 | $17,597 | $55,874 |
| Eastern Michigan University | 42 | $15,407 | $51,793 |
Who Thrives Here
Ferris fits Michigan students seeking affordable in-state public tuition with a clear vocational path - manufacturing engineering, construction management, nursing, dental hygiene, IT, or skilled trades. Enrollment of 8,106 is moderate-large. Pell rate of 34.2% is notably high, reflecting a working-class student body. The data is sharply program-dependent: technical programs produce B and B+ grades; liberal arts (psychology, biology, fine arts) earn D and F. Self-aware students who match major to economic outcome will do exceptionally well here.
The Verdict: A Reasonable Bet - With Caveats
Ferris State University is a fair-value bet, but how well it pays off depends a lot on you. At $8,624 a year after aid ($34,496 over four years), with the typical graduate earning $54,735 a decade out, the cost takes about 8.8 years to earn back. For context, the median payback across the schools we score is about 12 years.
What it has going for it: a strong earnings premium over high school graduates. What to keep an eye on: its 46.9% graduation rate.
Median debt of $21,000 among graduates who borrowed, against average earnings of $40,300 six years after entry, gives a debt-to-earnings ratio of 0.52, under the 1.0 point at which debt would equal a full year of those earnings. Your major matters a lot here: graduates in higher-earning fields will see the better end of this.
Ferris State University: Common Questions
Is Ferris State University worth it?
In our view, it's a fair-value bet - whether Ferris State University is worth it depends a lot on your major and aid package. It scores 68/100 on our ROI scale. At $8,624 a year after aid ($34,496 over four years) against $54,735 in typical earnings a decade out, the cost takes about 8.8 years to earn back. For context, the median payback across the schools we score is about 12 years.
How much does Ferris State University cost after financial aid?
The average net price - the cost of attendance (tuition, fees, books, supplies and average living costs) minus grants and scholarships, for full-time, first-time students receiving federal aid - is about $8,624 a year, or roughly $34,496 over four years. Because it counts living costs, it can run above tuition alone. That is the number to plan around. Actual cost varies by family income, per the U.S. Department of Education's College Scorecard.
What do Ferris State University graduates earn?
The typical graduate earns about $54,735 ten years after enrolling, roughly $12,935 a year more than the median high-school graduate ($41,800, per NCES, 2022). That earnings gap is what has to cover the cost of the degree.
How long does it take to pay off Ferris State University?
We estimate the payback period - the time it takes for the earnings bump over a high-school graduate to cover what you spent - at about 8.8 years for Ferris State University. The median across the schools we track is about 12 years.
How much debt do Ferris State University graduates take on?
Among graduates who borrowed, median federal loan debt from this school is about $21,000, against average earnings of $40,300 six years after entry - a debt-to-earnings ratio of 0.52. In our view that is reasonable, though your major matters: higher-earning fields will see the better end of it.
What is the graduation rate at Ferris State University?
The six-year graduation rate is 46.9%. The national average for four-year schools is 64% (NCES, 2022). Completion is 15% of our ROI score, since a degree you don't finish rarely pays back.
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Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.