W
#5 Best Public Universities in Michigan

WSU Tuition & Cost

Detroit, Michigan

 3 Reviews

How much does it cost to attend?

In State Michigan Resident Sticker Price
$29,525
In State Costs for Wayne State University
Fee Cost
Tuition$11,912
Books and Supplies$1,246
Other Fees$1,605
Room and Board $10,694
Other Expenses Budget$4,068
Out of State Resident Sticker Price
$44,895
Out of State Costs for Wayne State University
Fee Cost
Tuition$27,282
Books and Supplies$1,246
Other Fees$1,605
Room and Board $10,694
Other Expenses Budget$4,068

Residents of Michigan pay an annual total price of $29,525 to attend Wayne State University on a full time basis. This fee is comprised of $11,912 for tuition, $10,694 room and board, $1,246 for books and supplies and $1,605 for other fees.

Out of state residents are charged a total cost of $44,895 which is 52.1% higher than Michigan residents. The tuition charge is $27,282 while room and board is $10,694, books and supplies are $1,246 and other fees come in at $1,605.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Wayne State University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$14,993
Net Price by Income Wayne State University
Family Income Net Price Paid
$0 to $30,000$11,060
$30,001 to $48,000$11,414
$48,001 to $75,000$13,612
$75,001 to $110,000$17,814
$110,000+$19,796

The average reported annual net price for Wayne State University for students receiving grants or scholarship aid was $14,993 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

98% of full-time undergrad Wayne State University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $9,832 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 47% of students received Federal Student Loans averaging $5,067 and 5% of undergrads took out private student loans averaging $11,032.

Finanical Aid Wayne State University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,832 98%
Institutional Grants and Scholarships $6,735 94%
Pell Grants $5,441 47%
Other Federal Grants $1,405 42%
State and Local Grants $1,016 8%
Federal Student Loans $5,067 47%
Other Student Loans $11,032 5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Wayne State University, we've modeled a ten year student loan with an original principal value of $41,180. The loan balance of $41,180 is a four year multiple of the $10,295 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $393 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $41,180
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $392.90
Total Interest Paid $5,968.31
Sum of All Loan Payments $47,148.31

Projected 4 Year Degree Price

4 Year Sticker Price
$118,100
Year Michigan Residents Non Residents
1 $29,525 $44,895
2 $30,373 $46,185
3 $31,246 $47,511
4 $32,143 $48,876

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Wayne State University to be $118,100 - assuming graduation in normal time. The estimation assumes a 2.9% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Wayne State University
Price Per Credit 3 Credit Class 4 Credit Class
Michigan Residents $434 $1,302 $1,736
Out of State Residents $996 $2,988 $3,984

Estimated cost for a class at Wayne State University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Wayne State University versus other colleges.

Tuition Payment Plans Available

Wayne State University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=172644 IPEDS survey data for Wayne State University.