Michigan State University Tuition and Fees

Michigan State University Tuition and Fees

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    By Kelly Boyer Sagert

    (Last Updated – 08/2022)

    Michigan State University is a four-year public university located in East Lansing, Michigan. The university offers certificates, as well as degrees ranging from bachelors to doctorates. Here’s the information you need to know about MSU—from admission requirements to the Michigan State acceptance rate, and from MSU tuition to financial aid stats, popular majors, and more.

    Total Cost of Attendance

    Michigan State University is a top-ranking research institution with a diverse student body and a strong athletics program.With more than 50,000 students from all 50 states and over 130 countries, MSU offers more than 200 programs of study.

    Tuition and fees for 2021-2022 were as follows for first-time, full-time undergraduates:

    •  In-state: $14,750, 2% more than the previous year

    •  Out-of-state: $40,562, 2% more than the previous year

    •  Books and supplies: $1,168, 1.2% more than the previous year

    Room and board costs were:

    •  On-campus and off-campus: $10,676, 1.5% more than the previous year

    •  Other expenses: $3,140, 1.5% more than the previous year

    Total expenses were $29,734 for in-state students, which is 1.7% more than the previous year, and $55,546 for out-of-state students.

    Financial Aid

    In 2020-2021, 72% of first-time, full-time undergraduates received some kind of financial aid, and the university is generous with institutional funding. These are the types of financial aid students received:

    •  Grants or scholarships: 58% received them with an average award of $12,822

    •  Federal grants: 34% received them with an average award of $4,608

    •  Pell grants: 22% received them with an average award of $5,322

    •  Other federal grants: 34% received them with an average award of $1,212

    •  State or local: 8% received them with an average award of $1,164

    •  Institutional: 54% received them with an average award of $10.656

    •  Student loan aid: 36% received them with an average award of $7,721

    •  Federal student loans: 34% received them with an average award of $4,999

    •  Other student loans: 6% received them with an average award of $18,093

    Generally, financial aid is monetary assistance awarded to students based on personal needs and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    Recommended: Scholarship Search – College Scholarships Finder Tool

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education – Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    In 2020-2021, 6% of incoming students at MSU received private student loans.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    The 2020-2021 Michigan State University cost for tuition was:

    •  In-state: Four years at MSU at $14,750 is $59,000, not accounting for any Michigan State tuition increases. Tuition held steady at $14,460 for at least three years before a 2% increase in 2020-2021.

    •  Out-of-state: Four years at MSU at $40,562 equals $162,248, not accounting for any increases. Again, tuition held steady at $39,766 for at least three years before a 2% increase in 2020-2021.

    Here’s some Michigan Student Loan & Scholarship Information for you.

    Undergraduate Tuition and Fees

    Tuition and fees for 2021-2022 were as follows for first-time, full-time undergraduates:

    •  In-state: $14,750

    •  Out-of-state: $40,562

    •  Books and supplies: $1,168

    Total expenses were $29,734. In 2020-2021, the average total expenses for a public, four year university were $15,900, making Michigan State 87% higher.

    Graduate Tuition and Fees

    Michigan State tuition for 2021-2022 was as follows:

    •  In-state: $19,714 with no fees

    •  Out-of-state: $38,638 with no fees

    In 2019-2020, the average tuition cost for graduate school at a public university was $12,410. The 2020-2021 Michigan State tuition of $38,638 was more than three times higher.

    Cost per Credit Hour

    MSU provides a good history of costs per credit hour for undergraduates with these highlights:

    •  2021 fall semester (1-11) credits: $491.75

    •  2020 fall semester (1-11) credits: $482.00

    •  2019 fall semester (1-11) credits: $482.00

    Current graduate costs per credit hour range from $950-$1,800, depending on the degree.

    Campus Housing Expenses

    Room and board costs in 2020-2021 were:

    •  On campus and off campus: $10,676

    •  Other expenses: $3,140

    MSU offers information about on-campus housing with students wishing to live in a one-bedroom or studio apartment with a full bathroom and a kitchen having options in a number of residence halls. Off campus apartments are also available near the campus, ranging from one to four bedrooms. At the time of writing, the average 948-square-foot apartment is rented for $1,423. For housing not associated with the university, leases may be for a full year rather than the academic year.

    At the time of writing, the first community lists these options (although noting that all leases are currently filled):

    •  One bedroom/one bathroom; 486 square feet: starting at $1,850

    •  Two bedrooms/two bathrooms; 723 square feet: starting at $1,165-$1,730

    Michigan State University Acceptance Rate

    In fall 2021, 50,630 students applied to the university and there was an 83% MSU acceptance rate.

    Admission Requirements

    Besides the application, admission requirements include

    •  High school transcripts

    •  Essay

    Optional requirements:

    •  Listing your major

    •  Letters of recommendations

    •  SAT/ACT test scores

    Application due dates are:

    •  Early action, non-binding: November 1

    •  Regular: February 1 of the academic year

    SAT and ACT Scores

    Michigan State University is test optional, meaning that students are not required to submit SAT and ACT tests. If you choose to submit them, send them with your application. In fall 2021, 48% of applicants submitted SAT scores while 16% submitted ACT scores. These were the 25th and 75th percentiles:

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    550

    650

    SAT Math

    560

    670

    ACT Composite

    23

    29

    ACT English

    22

    30

    ACT Math

    22

    28

    Graduation Rate

    MSU graduation rates are:

    •  4 years: 53%

    •  6 years: 80%

    Post-Graduation Median Earnings

    Median salary for the university’s graduates is $61,101 compared to the average of $47,891 for four-year public universities. This makes MSU graduate earnings 28% higher.

    Bottom Line

    Michigan State University is among the top research universities in the world and offers students a wide range of majors and educational opportunities. Although Michigan State tuition is higher than that of the average four-year public university, there is financial aid available to help you pay for it, and the Michigan State acceptance rate is high, which can increase your chances of getting in.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

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    Photo credit: iStock/Rebecca Todd
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