At $12,202/yr net price, Ferris State University graduates earn $54,735/yr within 10 years of enrollment, which is $20,735/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $12,202 |
| Estimated 4-Year Cost | $48,808 |
| Median Earnings (10yr post-entry) | $54,735/yr |
| Earnings Premium vs. HS Diploma | +$20,735/yr |
| Estimated Break-Even | 2.4 years |
| Graduation Rate (6-year) | 47.9% |
| Median Debt at Graduation | $21,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $5,957/yr |
| $30,001 - $48,000 | $7,962/yr |
| $48,001 - $75,000 | $12,303/yr |
| $75,001 - $110,000 | $17,193/yr |
| $110,001+ | $19,308/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Pharmacy, Pharmaceutical Sciences, and Administration. | Doctoral | $123,608 | $103,000 |
| Optometry. | Doctoral | $97,071 | $144,874 |
| Business Administration, Management and Operations. | Certificate | $81,498 | |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Master | $76,460 | |
| Quality Control and Safety Technologies/Technicians. | Certificate | $74,576 | $19,594 |
| Industrial Production Technologies/Technicians. | Bachelor | $74,122 | $23,451 |
| Mechanical Engineering Related Technologies/Technicians. | Bachelor | $69,535 | $23,500 |
| Electrical Engineering Technologies/Technicians. | Bachelor | $67,240 | |
| Manufacturing Engineering. | Bachelor | $66,941 | $16,052 |
| Heavy/Industrial Equipment Maintenance Technologies. | Bachelor | $65,905 | $23,250 |
The Risk Factor
47.9% of students at Ferris State University graduate within 6 years. More than half of students finish, but the dropout rate is a real factor in whether this investment pays off.
Analysis
Ferris State gives you a solid financial return if you pick the right major. The median graduate earns $54,735 ten years out against a net price around $12,000 a year and $21,000 in median debt, so the debt load stays manageable relative to what you'll make. That's a workable deal, but the real value sits in the technical programs.
The payoff at Ferris is concentrated in industrial and engineering technology. Industrial Production Technologies grads clear $74,000, and Mechanical Engineering, Electrical Engineering, Heavy Equipment Maintenance, and Manufacturing Engineering technicians all land in the mid-to-high $60,000s. These bachelor's programs feed Michigan's manufacturing base directly, so the earnings track a regional job market that still hires hard for these skills. Manufacturing Engineering stands out because you leave with only about $16,000 in debt while earning nearly $67,000, one of the better debt-to-pay ratios on the list.
The biggest risk here is finishing. Only 48% of students graduate, and about 27% don't return after their first year. If you drop out with debt but no degree, none of the strong technician salaries apply to you, and you carry loan payments on nothing. Ferris pays off when you finish a technical program and follow it into industry.
The net price tiers reward lower incomes heavily. If your family earns under $30,000, you pay about $5,957 a year. under $48,000, roughly $7,962. Above $110,000, the price jumps to $19,308, more than triple the lowest tier. At that top price, the math only works cleanly if you're in one of the high-earning technical majors.
Come here for the hands-on engineering and industrial technology programs, especially if you qualify for the lower net-price tiers. Look elsewhere if you're unsure you'll finish or if your intended major isn't among these technical fields.
Frequently Asked Questions
Is Ferris State University worth the cost compared to other Michigan schools?
Ferris State University offers good value with a net price of $12,202 and typical debt of $21,000, but the 48% graduation rate creates risk. The school's pharmacy and optometry programs deliver strong returns, while other majors may not justify the cost.
What programs at Ferris State University have the best return on investment?
Pharmacy ($123,608 median earnings) and optometry ($97,071) programs at Ferris State provide excellent ROI. Business and nursing also perform well, but most other programs struggle to deliver strong financial returns given the low graduation rate.
How much debt do Ferris State University graduates typically have?
Ferris State graduates carry a median debt of $21,000, which is manageable for high-earning programs like pharmacy and optometry. However, students in lower-paying majors face debt-to-income ratios that may cause financial stress.
Why is Ferris State University's graduation rate so low and does it affect ROI?
Only 48% of students graduate from Ferris State, meaning over half leave without a degree but often with debt. This low completion rate significantly hurts the school's overall value proposition except for students in the strongest professional programs.