Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 8,444, which is 70.78 % of all undergraduate students. 6,808 students which is 56.00% of undergraduate students received federal student loans and the average loan amount is $7,295.

For full-time, first-time beginning students (freshmen), 90.11% of students received grants or scholarships and 66% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Ferris State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 8,444, which is 70.78 % of all undergraduate students. 6,808 students which is 56.00% of undergraduate students received federal student loans and the average loan amount is $7,295.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-149,705 (72%)$6,7095,555 (41%)$4,2518,941 (66%)$7,571
2014-159,185 (69%)$7,1805,355 (40%)$4,3418,395 (63%)$7,723
2015-169,268 (70%)$7,4845,176 (39%)$4,3858,053 (60%)$7,583
2016-178,682 (67%)$7,6944,642 (36%)$4,3657,429 (58%)$7,530
2017-188,702 (70%)$8,0504,652 (37%)$4,7897,005 (56%)$7,389
2018-198,154 (69%)$8,3924,266 (36%)$4,8946,328 (53%)$6,964
2019-208,269 (74%)$8,6443,943 (35%)$4,9855,871 (52%)$6,999
2020-217,290 (73%)$8,9573,453 (35%)$5,0034,968 (50%)$6,905
2021-226,737 (73%)$9,5983,172 (34%)$5,1814,282 (46%)$6,990
Average8,444 (70.78%)$8,0794,468 (37.00%)$4,6886,808 (56.00%)$7,295
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 1,587 (90.11 % of students) received grants or scholarships and its average amount is $9,658. It can cover 67.79% of tuition & fees ($14,246) based on out-of-state rate.

In addition, 1,181 (66.33 % of students) students get helped from the students loans (average amount : $7,582).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,623 (83%)$8,7131,407 (72%)$7,244
2014-151,613 (86%)$9,0291,383 (74%)$8,007
2015-161,738 (91%)$8,5581,360 (71%)$7,661
2016-171,630 (91%)$9,0821,265 (71%)$7,462
2017-181,678 (94%)$9,3841,212 (68%)$7,487
2018-191,656 (90%)$9,7691,215 (66%)$7,349
2019-201,727 (92%)$10,6811,249 (67%)$7,608
2020-211,348 (90%)$10,575831 (56%)$7,551
2021-221,271 (94%)$11,128707 (52%)$7,868
Average1,587 (90.11%)$9,6581,181 (66.33%)$7,582
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 794 (44.89 % of students) received Pell (federal) grants and its average amount is $4,926.

In addition, 590 students received State/local government grants/scholarships (33.56 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14867 (44%)$4,625427 (22%)$517658 (34%)$6,0211,227 (63%)$4,848
2014-15877 (47%)$4,613403 (22%)$572599 (32%)$6,5551,261 (67%)$5,045
2015-16905 (47%)$4,690447 (23%)$590626 (33%)$7,0861,322 (69%)$4,485
2016-17793 (44%)$4,663408 (23%)$723653 (37%)$6,8151,319 (74%)$4,822
2017-18828 (47%)$4,867454 (26%)$604502 (28%)$8,1091,418 (80%)$5,199
2018-19818 (45%)$5,022252 (14%)$1,289610 (33%)$8,6141,326 (72%)$4,894
2019-20861 (46%)$5,124945 (51%)$750712 (38%)$9,2711,325 (71%)$5,076
2020-21617 (41%)$5,269232 (16%)$1,091522 (35%)$9,4721,089 (73%)$5,332
2021-22582 (43%)$5,460201 (15%)$1,357430 (32%)$10,9591,148 (84%)$5,210
Average794 (44.89%)$4,926419 (23.56%)$833590 (33.56%)$8,1001,271 (72.56%)$4,990
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,181 (66.33 % of students) get any students loan help and its average loan amount is $1,181.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,407 (72%)$7,2441,397 (71%)$5,634229 (12%)$10,138
2014-151,383 (74%)$8,0071,373 (73%)$6,057234 (13%)$11,784
2015-161,360 (71%)$7,6611,355 (71%)$5,821235 (12%)$10,772
2016-171,265 (71%)$7,4621,255 (70%)$5,767219 (12%)$10,054
2017-181,212 (68%)$7,4871,198 (67%)$5,721211 (12%)$10,527
2018-191,215 (66%)$7,3491,203 (66%)$5,366222 (12%)$11,141
2019-201,249 (67%)$7,6081,228 (66%)$5,400244 (13%)$11,768
2020-21831 (56%)$7,551808 (54%)$5,319153 (10%)$12,922
2021-22707 (52%)$7,868689 (51%)$5,246142 (10%)$13,720
Average1,181 (66.33%)$7,5821,167 (65.44%)$5,592210 (11.78%)$11,425

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