Ferris State University

www.ferris.edu

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2023 Undergraduate Tuition

$14,140

3.91% growth from 2022

2023 Average Net Price

$13,154

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

80.6%

9,548 Applicants

2023 Enrolled Students

9,918

72.5% Full-Time

2023 Graduation Rate

53.6%

295 Graduates

About

Ferris State University is a higher education institution located in Mecosta County, MI. In 2023, the most popular Bachelors Degree concentrations at Ferris State University were General Business Administration & Management (150 degrees awarded), Criminal Justice - Police Science (135 degrees), and Registered Nursing (97 degrees).

In 2023, 3,050 degrees were awarded across all undergraduate and graduate programs at Ferris State University. 54.7% of these degrees were awarded to women, and 45.3% awarded men. The most common race/ethnicity group of degree recipients was white (2,360 degrees), 11.2 times more than then the next closest race/ethnicity group, black or african american (210 degrees).

The median undergraduate tuition at Ferris State University is $14,140, which is $−10,435 less than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Ferris State University was 0%, corresponding to 0 out of the 3,405 total borrowers.

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Ferris State University is $14,140, which is $10,435 less than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $13,154.

In 2023, 74% of undergraduate students attending Ferris State University received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$14,140

2023 Undergraduate Tuition

In 2023, the cost of tuition at Ferris State University was $14,140. The cost of tuition at Ferris State University is $−10,435 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Ferris State University (in red) with those of other similar universities.

Average Net Price

$13,154

2023 Value

5.89%

1 Year Growth

In 2023 Ferris State University had an average net price — the price paid after factoring in grants and loans — of $13,154. Between 2022 and 2023, the average net price of Ferris State University grew by 5.89%.

This chart compares the average net price of Ferris State University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$9,357

Room and Board

$836

Books and Supplies

The average yearly cost of room and board at Ferris State University was of $9,357 in 2023. The cost of room and board increased by 2.05% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $836. The cost of books and supplies increased by 0.966% during the same period.

This chart compares the average student costs at Ferris State University (in red) with that of similar universities.

Financial Aid by Income Level

74%

Undergraduates Receiving Financial Aid through Grants

47%

Undergraduates Receiving Financial Aid through Loans

74% of undergraduate students at Ferris State University received financial aid through grants or loans in 2023. This represents a growth of 1.37% with respect to 2022, when 73% of undergraduate students received financial aid.

This chart compares the average award discount at Ferris State University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Ferris State University was 0%, which represents 0 out of the 3405 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Ferris State University received 9,548 undergraduate applications in 2023, which represents a 21.9% annual growth. Out of those 9,548 applicants, 7,694 students were accepted for enrollment, representing a 80.6% acceptance rate.

There were 9,918 students enrolled at Ferris State University in 2023. 66% of first-time enrollees submitted SAT scores with their applications.

Ferris State University has an overall enrollment yield of 20.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

80.6%

Acceptance Rate in 2023

7,694

Accepted Out of 9,548

In 2023, the undergraduate acceptance rate of Ferris State University was 80.6% (7,694 admissions from 9,548 applications). This is lower than the acceptance rate of 2022, which was 87.9%. Between 2022 and 2023, the number of applicants declined by 21.9%, while admissions declined by 28.4%.

This chart compares the acceptance rate of Ferris State University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

66%

Submission Percentage (2023)

1,059

Scores Submitted (2023)

66% of enrolled first-time students at Ferris State University in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Ferris State University had a total enrollment of 9,918 students in 2023. The full-time enrollment at Ferris State University is 7,186 students and the part-time enrollment is 2,732. This means that 72.5% of students enrolled at Ferris State University are enrolled full-time.

The enrolled student population at Ferris State University, both undergraduate and graduate, is 73.9% White, 8.57% Black or African American, 6.36% Hispanic or Latino, 2.87% Two or More Races, 1.69% Asian, 0.797% American Indian or Alaska Native, and 0.0807% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Ferris State University in full-time Undergraduate programs are most commonly White Female (38.7%), followed by White Male (36.3%) and Black or African American Female (5.33%). Students enrolled in full-time Graduate programs are most commonly White Female (35.7%), followed by White Male (20.6%) and Asian Female (2.39%).

Full-Time vs Part-Time Enrollment

72.5%

Full-Time Enrollment

The total enrollment at Ferris State University in 2023, both undergraduate and graduate, is 9,918 students. The full-time enrollment at Ferris State University is 7,186 and the part-time enrollment is 2,732. This means that 72.5% of students enrolled at Ferris State University are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Ferris State University (in red) compares to similar universities.

Retention Rate over Time

73%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Ferris State University was 73%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Ferris State University had a retention rate lower than its peers.

This chart shows the retention rate over time at Ferris State University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
7,329 enrolled students
Black or African American
850 enrolled students
Hispanic or Latino
631 enrolled students

The enrolled student population at Ferris State University is 73.9% White, 8.57% Black or African American, 6.36% Hispanic or Latino, 2.87% Two or More Races, 1.69% Asian, 0.797% American Indian or Alaska Native, and 0.0807% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 415 students (4.18%) did not report their race.

Graduates

In 2023, 288 more women than men received degrees from Ferris State University. The most common race/ethnicity group of degree recipients at Ferris State University is white (2,360 degrees awarded). There were 11.2 times more white recipients than the next closest race/ethnicity group, black or african american (210 degrees).

The most common Bachelor's Degree concentration at Ferris State University is General Business Administration & Management (150 degrees awarded), followed by Criminal Justice - Police Science (135 degrees) and Registered Nursing (97 degrees).

In 2023, the most specialized majors across all degree types at Ferris State University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communication Technologies (91 degrees awarded), Engineering Technologies (417 degrees), and Protective Services (240 degrees).

Common Jobs by Major

Social workers, all other

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Ferris State University are Social workers, all other (180,397 people), Police officers (137,727 people), Other managers (113,299 people), Elementary & middle school teachers (76,970 people), and Software developers (47,215 people).

The most specialized majors at Ferris State University in 2023 are Communication Technologies (91 degrees awarded), Engineering Technologies (417 degrees), Protective Services (240 degrees), Public Administration and Social Service (119 degrees), and Human Sciences (62 degrees) (as of 2023).

Highest Paying Jobs by Major

Cardiovascular technologists and technicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Ferris State University are Cardiovascular technologists and technicians, Physicians, Photographic process workers & processing machine operators, Aircraft pilots & flight engineers, and Securities, commodities, & financial services sales agents

The most specialized majors at Ferris State University are Communication Technologies (91 degrees awarded), Engineering Technologies (417 degrees), Protective Services (240 degrees), Public Administration and Social Service (119 degrees), and Human Sciences (62 degrees) (as of 2023).

Common Industries by Major

Justice, public order, & safety activities

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Ferris State University are Justice, public order, & safety activities (334,343 people), Elementary & secondary schools (216,590 people), Individual & family services (134,789 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (105,209 people), and Colleges, universities & professional schools, including junior colleges (84,614 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Ferris State University.

Most Common (2023)

General Business Administration & Management
150 degrees awarded
Criminal Justice - Police Science
135 degrees awarded
Registered Nursing
97 degrees awarded

In 2023, the most common bachelors degree concentration at Ferris State University was General Business Administration & Management with 150 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Ferris State University according to their major.

Sex Breakdown for Common Majors

1,381

Degrees Awarded to Men

in 2023

1,669

Degrees Awarded to Women

in 2023

In 2023, 1,381 degrees were awarded to men at Ferris State University, which is 0.827 times less than the number of degrees awarded to females (1,669).

This chart displays the sex disparity between the top 5 majors at Ferris State University by degrees awarded.

Most Common Male Majors

In 2023, 107 degrees were awarded to men at Ferris State University in General Business Administration & Management, which is 0.817 times less than the 131 female recipients with that same degree.

Most Common Female Majors

In 2023, 131 degrees were awarded to men at Ferris State University in General Business Administration & Management, which is 1.22 times more than the 107 male recipients with that same degree.

Time to Complete

36%

100% Completion Time

55%

150% Completion Time

In 2023, 36% of students graduating from Ferris State University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 55% completed their degrees within 150% of the normal time, and 56% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Female

Highest Graduation Rate (68.8%)

The student demographic with the highest graduation rate in 2023 at Ferris State University is Female and Hispanic or Latino (68.8% graduation rate). Across all Masters Colleges and Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.678% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
2,360 degrees awarded
Black or African American
210 degrees awarded
Hispanic or Latino
189 degrees awarded

The most common race/ethnicity at Ferris State University is white (2,360 degrees awarded). There were 11.2 times more white recipients than the next closest race/ethnicity group, black or african american (210 degrees).

2.36% of degree recipients (72 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
1,256 degrees awarded
White Male
1,104 degrees awarded
Black or African American Female
135 degrees awarded

The most common race/ethnicity and sex grouping at Ferris State University is white female (1,256 degrees awarded). There were 1.14 times more white female recipients than the next closest race/ethnicity group, white male (1,104 degrees).

Operations

Ferris State University has an endowment valued at nearly $120M, as of the end of the 2023 fiscal year. The return on its endowment was of 13M (10.8%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Ferris State University had a total salary expenditure of 245M. Ferris State University employs 186 Professors, 141 Associate professors and 64 Assistant professors. Most academics at Ferris State University are Male Professor (106), Male Associate professor (80), and Female Professor (80).

The most common positions for non-instructional staff at Ferris State University are: Service, with 169 employees, Office and Administrative Support, with 138 employees, and Management with 125 employees.

Endowment

$120M

2023 Endowment

5.23%

growth from 2022

Ferris State University has an endowment valued at about $120M, as of the end of the 2023 fiscal year. The endowment of Ferris State University grew 5.23% from the previous year. The value of their endowment was $70M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Ferris State University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Medium Programs Carnegie Classification grouping.

Salary Expenditure

$114M

2023 Salaries

2.17%

growth from 2022

In 2023, Ferris State University paid a median of $114M in salaries, which represents 46.4% of their overall expenditure ($245M) and a 2.17% growth from the previous year. This is compared to a 4.97% decline between 2021 and 2022, and a 7.07% decline between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$45M

Instructional Salaries

454

Number of Employees

In 2023, Ferris State University paid a total of $45M to 454 employees working as instructors, which represents 39.6% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

186 Employees

Service

Most Common Non-Instructional Employee

169 Employees

In 2023, the most common positions for instructional staff at Ferris State University were Professor with 186 employees, Associate professor with 141 employees, and Assistant professor with 64 employees.

In 2023, the most common positions for non-instructional staff at Ferris State University were Service with 169 employees, Office and Administrative Support with 138 employees, and Management with 125 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Female Professor

In 2023, the most common demographic for instructional staff at Ferris State University was Male Professor with 106 employees, Male Associate professor with 80 employees, and Female Professor with 80 employees.

This chart shows the sex split between each academic rank present at Ferris State University.

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