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Friday, November 22, 2024

Cost of college went up for all students at Saginaw Valley State University

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In-state tuition and fees rose 5 percent for 2018-19 at Saginaw Valley State University, according to recent data from the U.S. Department of Education.

Michigan residents paid $10,308 to attend the four-year public institution this year – $489 more than the $9,819 charged for 2017-18.

Non-residents paid 134.9 percent more than residents this year, or $24,215. Their price tag grew 5 percent from $23,063 in 2017-18.

About 96 percent of the school's undergraduate population are Michigan residents. About 2 percent are residents of other states and 2 percent are citizens of other countries.

Data shows 95 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 1,028 students received grants or scholarships totaling $6.6 million and 783 students took out student loans totaling more than $5 million.

Including all undergraduates (8,515), 5,677 students used grants or scholarships totaling $40.8 million, and 4,858 students took out $36.7 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~8,174$8,968$9,345$9,819$10,30814.9%
Out-of-state~170$21,061$21,947$23,063$24,21515%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Saginaw Valley State University in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants43836%$1,984,953$4,532
State / local grant or scholarship978%$122,844$1,266
Institutional grants or scholarships92176%$4,522,672$4,911
Grant or scholarship aid total1,02884%$6,630,469$6,450
Federal student loans77263%$4,069,994$5,272
Other student loans988%$924,181$9,430
Student loan aid78364%$4,994,175$6,378
Total student aid1,16395%--

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