Ferrum College

Ferrum, VA, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$24,169
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$22,508
$30k - $48k
$23,075
$48k - $75k
$23,604
$75k - $110k
$26,229
$110k+
$28,566
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$34,175
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$34,175
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$11,875
Books and Supplies
$800
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: finaid@ferrum.edu

Aid & Grants

0
100
73%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
57%
Average Aid Per Year
$22,142
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
57%
Average Federal Grant Aid Per Year
$4,559
Average Institution Grant Aid Per Year
$17,438
Students receiving state aid
70%
Average State Grant Aid Per Year
$2,780
Students receiving federal aid
64%
Average Federal Grant Aid Per Year
$4,559
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$22,817
$30k - $48k
$22,250
$48k - $75k
$21,721
$75k - $110k
$19,096
$110k+
$16,759
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$24,408,289
Total Non-Need-Based Scholarships/Grants
$1,337,055

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
93%
Average Loan Amount Per Year
$6,094
Students receiving federal loans
90%
Average Federal Loans Per Year
$6,078
Average Other Loans Per Year
$6,648
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$12,500
Loan Default Rate
10%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$298

What Students Are Saying

3.53 Average Rating
Ferrum has been considering tuition increases in order to further improve the campus. At the moment, the bang is in the process of catching up with the buck.
Micheal from Chesapeake, VA
There is a dollar tree down the road from campus.
Eboni from Cary, NC
Do not have to pay to print in the library, or pay to wash clothes. There's always something going on.
Davian from Clinton, MD

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