It is going to be a little bit more expensive to take classes at Ferris State University during the 2021-22 school year.
On Friday, the Ferris State University Board of Trustees approved the 2021-22 tuition rates, general fund operating budget, and the housing and dining budget.
Trustees approved tuition rates including an average and normal range undergraduate increase of 3.16 percent. This new rate is below the proposed state tuition restraint limit of 4.2 percent while covering a portion of the university’s fixed costs. For Ferris and Kendall College of Art and Design undergraduate general education students, the freshman-sophomore increase is 2.71 percent, to $455 per credit hour, while the junior-senior increase is 3.62 percent, to $487. KCAD’s tuition will also increase by 3.16 percent for undergraduate studio students from the U.S. and Canada.
For the coming year, Ferris has committed an additional $1.1 million toward scholarship funding for a total of $26.5 million dedicated to providing an affordable student experience. During the last decade, the increased financial aid and donor scholarships have lowered Ferris’ attendance net price, an estimated amount students and families are expected to pay for the academic year, ranking fifth-lowest among Michigan’s 15 public universities. Ferris is the only public Michigan university where this is the case. With the stimulus dollars earmarked for students from the American Rescue Plan, the university believes that students will pay less next year.
Board members approved a preliminary 2021-22 general fund operating budget of $202.1 million. This fall, after the start of the academic year, the administration will present a final budget to the board for approval.
Trustees also approved a preliminary 2021-22 housing and dining budget of $28.1 million.