Janice Lozano
Eastern Michigan University offers a range of financial aid options for students, including scholarships, grants, and loans. The university's Board of Regents approved a $317 million General Fund Operating budget for the 2024-25 academic year, which includes expenditures for financial aid, personnel costs, and other expenses. The net price for students after financial aid is around $22,000 for in-state students and $22,500 for out-of-state students. The university also offers merit-based aid and non-need-based scholarships, with an average grant of $6,404 for first-year students. The total cost of attendance, including tuition, fees, room and board, books, and other expenses, is estimated to be around $31,000 per year.
| Characteristics | Values |
|---|---|
| Tuition fees for in-state students | $15,902 |
| Tuition fees for out-of-state students | $15,902 |
| Total cost for in-state students | $31,664 |
| Total cost for out-of-state students | $31,664 |
| Average net price for students receiving grants or scholarship aid | $17,388 |
| Average need-based scholarship or grant awarded to first-year students | $10,738 |
| Average non-need-based scholarship or grant awarded to first-year students | $6,404 |
| Median federal loan debt among undergraduate borrowers | $25,000 |
| Cost of on-campus room and board | $12,440 |
| Cost of books and educational supplies | $1,000 |
| On-campus living expenses | $2,904 |
| Off-campus living expenses | $3,728 |
| General Fund operating budget for 2024-25 | $317 million |
| Undergraduate tuition increase for 30 credits | $730 |
| Auxiliary funds operating expenditure budget for 2024-25 | $83 million |
| On-campus work hours for students with F-1 and J-1 visas during winter and fall terms | 20 hours per week |
| On-campus work hours for students with F-1 and J-1 visas during the summer term | 29 hours per week |
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What You'll Learn
Eastern Michigan University's 2024-25 budget
Eastern Michigan University's Board of Regents has approved a $317 million General Fund Operating budget for the 2024-25 academic year. The budget includes revenues of $220 million in tuition and fees, $86.4 million in state appropriations, $4.7 million in investment income, and $5.1 million in other resources. The expenditures include $155.9 million for personnel costs, $63.1 million for University-sponsored financial aid, a net transfer budget of $53.9 million, and $44.1 million for services, supplies, materials, and other expenses.
The University is committed to providing financial aid to its students, with approximately 68% of its student population and about 90% of first-year students receiving support. The University's Eastern Tuition Advantage scholarship, for instance, offers free undergraduate tuition to incoming students with a 3.0-grade point average and an annual household income of less than $60,000. Additionally, qualifying students can receive free tuition for four years by meeting family financial requirements and submitting the FAFSA annually.
The University also offers the Presidential Scholarship, covering full tuition and room and board, and the 4WARD Graduation Scholarship, which provides full tuition in years three and four for students living in an on-campus community. The average need-based scholarship or grant awarded to first-year students is $10,738, while the average non-need-based scholarship is $6,404, excluding athletic scholarships.
In terms of tuition, the cost for the upcoming academic year is $15,902 for both in-state and out-of-state students. This is higher than the national average cost of in-state tuition but cheaper for out-of-state students. The total cost, including food, housing, books, supplies, transportation, and personal expenses, is $31,664 for both in-state and out-of-state students. The net price, after aid and scholarships, averages $22,669 for in-state and $22,446 for out-of-state students receiving need-based aid.
The University has also committed significant resources to updating academic facilities and student support initiatives. The $200 million Welcome Home plan includes new campus apartment buildings, Lakeview and Westview, and the renovation of residence halls with air conditioning, improved Wi-Fi, and modern gathering spaces. Additionally, there are new engineering and technology campuses, a science complex, and recreational facilities.
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Tuition fees and scholarships
Eastern Michigan University's tuition fees are $15,902 for both in-state and out-of-state students. These fees are inclusive of tuition and other expenses, such as library services, student gym facilities, student centres, technology resources, and campus health centres. The total cost, including food, housing, books, supplies, transportation, and personal expenses, is $31,664 for both in-state and out-of-state students.
The net price, after financial aid and scholarships, is $22,669 for in-state students and $22,446 for out-state students. The average need-based scholarship awarded to first-year students is $10,738, while the average non-need-based scholarship is $6,404.
Eastern Michigan University offers a range of scholarships, including the Eagle Guarantee, Pell Grant, Michigan Achievement Scholarship, and Emerald Scholarship, which cover tuition and provide an additional $2,000 for on-campus housing. The university also offers a prestigious award for incoming first-year students with a high GPA and SAT/ACT scores, covering full tuition and room and board for four years.
Additionally, several Southeast Michigan employers, including Amazon and General Motors, work with the university to provide competitive tuition programs and discounts for their employees. EMU also offers departmental and external scholarships for students pursuing various majors. The university encourages students to explore external scholarship opportunities from organisations and agencies outside the university.
The university's Office of Financial Aid determines a budget for the estimated average costs of tuition, fees, housing, food, books, and other expenses each year. This budget considers student variations in residency, enrollment, and academic level.
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Living expenses
The Office of Financial Aid at Eastern Michigan University determines a budget for students' attendance costs each year. This budget includes estimates for tuition, fees, housing, food, books, and other expenses. The total cost of attendance is $31,664 for both in-state and out-of-state students.
The net price is the average cost of the university after aid and scholarship funds are deducted. For Eastern Michigan University, the net price for in-state students is $22,669, and for out-of-state students receiving need-based aid, it is $22,446. The average need-based scholarship or grant awarded to first-year students is $10,738.
The university also offers merit-based aid, or non-need-based aid, which is awarded for specific talents or academic achievements. The average non-need-based scholarship for first-year students is $6,404.
The cost of living for students includes expenses such as food and housing, books and supplies, transportation, and personal expenses. The average reported annual net price for students receiving grants or scholarship aid at Eastern Michigan University was $17,388 in 2019-2020. This net price includes tuition and required fees, books and supplies, and the average cost of room and board and other expenses.
The website CollegeSimply estimates the cost of a four-year bachelor's degree and living expenses at Eastern Michigan University to be $127,416, assuming graduation in the normal time. This estimate assumes a 4.5% annual increase over the next four years, which has been the recent trend for the university.
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On-campus jobs
Eastern Michigan University determines a budget and cost of attendance each year, which includes estimated average costs for tuition, fees, housing, food, books, and other expenses. The university is more expensive than the national average cost of in-state tuition, with tuition fees of $15,902 for both in-state and out-of-state students. The total cost, including tuition, fees, food, housing, books, supplies, transportation, and personal expenses, is $31,664 for all students, regardless of their state of residence.
To help with these costs, the university provides financial aid, including need-based and merit-based scholarships and grants. The average need-based scholarship for first-year students is $10,738, while the average non-need-based scholarship is $6,404. Additionally, 46% of students' financial aid needs are met by the university.
To further assist students in covering their expenses, Eastern Michigan University offers on-campus jobs. The university has a diverse range of employment opportunities for students, fostering a professional and inclusive environment on its 800-acre campus. Students can search for on-campus job openings through Handshake, an online platform. Eastern Michigan University is an equal opportunity employer, complying with federal and state laws regarding non-discrimination and affirmative action. The university does not discriminate based on race, colour, ethnic or national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, or other merit-based factors.
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Financial aid
Eastern Michigan University offers financial aid to its students. The Office of Financial Aid provides access to funding, advisory services, and other forms of financial aid to students. Each year, the office determines a budget/cost of attendance that projects the estimated average costs for tuition, fees, housing, food, books, and other expenses. Budgets are based on student differences in residency, enrollment, and academic level.
The net price, or average cost of the university after financial aid and scholarship funds are discounted, is $22,669 for in-state students and $22,446 for out-of-state students receiving need-based aid. The average need-based scholarship or grant awarded to first-year students is $10,738. The average non-need-based scholarship or grant for first-year students is $6,404.
Eastern Michigan University met 46% of its students' financial aid needs. Other types of aid available include work-study, federal and state grants, and federal and private loans. The median federal loan debt among borrowers who completed their undergraduate degrees is $25,000.
Tuition fees at Eastern Michigan University are $15,902 for both in-state and out-of-state students. The total cost, including food, housing, books, supplies, transportation, and personal expenses, is $31,664 for both in-state and out-of-state students.
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Frequently asked questions
Yes, Eastern Michigan University has a budget for students. The budget includes tuition and fees, room and board, books and supplies, transportation, personal expenses, and other miscellaneous costs. The University also provides financial aid to its students, including scholarships and grants.
The annual tuition for Eastern Michigan University is $15,200, according to collegesimply.com. However, other sources state that the tuition is $15,902 for both in-state and out-of-state students.
Yes, there are additional fees such as room and board, books and supplies, transportation, and personal expenses. The total cost of attendance, including these additional fees, is estimated to be around $31,000 to $32,000.
Yes, Eastern Michigan University provides financial aid to approximately 68% of its student population and about 90% of first-year students. The University offers scholarships such as the Eastern Tuition Advantage scholarship and the Presidential Scholarship, as well as need-based and merit-based grants and loans.
The amount of financial aid received varies depending on the student's financial need, academic achievement, and other factors. The average need-based scholarship or grant for first-year students is $10,738, while the average non-need-based scholarship or grant is $6,404. The University also offers on-campus jobs for students to help with their financial needs.
