Cost Details
- In-State Tuition
- $38,320
- Out-of-State Tuition
- $38,320
- Average Net Price
- $22,085
- Students Receiving Financial Aid
- 46.5%
- Room & Board (On Campus)
- $13,230
- Room & Board (Off Campus)
- $13,230
- Books & Supplies
- $1,000
- Total Cost of Attendance
- $52,550
- Median Debt at Graduation
- $27,000
- Estimated Monthly Loan Payment
- $286/mo
- Loan Repayment Rate
- 47.1%
- Students Taking Federal Loans
- 74.8%
- Pell Grant Recipients
- 46.5%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $18,607 |
| $30,001 – $48,000 | $18,625 |
| $48,001 – $75,000 | $20,145 |
| $75,001 – $110,000 | $25,397 |
| $110,001+ | $28,515 |
Cost Estimator
Cost Overview
Most Ferrum families pay around $22,085 annually after financial aid, despite the $52,550 sticker price. Low-income students (under $30K) pay just $18,607 per year, while wealthy families ($110K+) still pay $28,515. Over four years, that ranges from $74,428 to $114,060 total.
The 84% acceptance rate means Ferrum isn't selective enough to offer merit aid to many students. Only 27% receive institutional grants averaging $26,580. Graduates leave with $27,000 in debt, creating $286 monthly payments. That's manageable against the $44,296 median salary ten years out, but tight for new grads earning $33,980.
Nearly half the students qualify for Pell Grants, reflecting Ferrum's working-class student body. The best deal goes to low-income students who need the small-college experience and don't mind the rural Virginia setting.
The 84% acceptance rate means Ferrum isn't selective enough to offer merit aid to many students. Only 27% receive institutional grants averaging $26,580. Graduates leave with $27,000 in debt, creating $286 monthly payments. That's manageable against the $44,296 median salary ten years out, but tight for new grads earning $33,980.
Nearly half the students qualify for Pell Grants, reflecting Ferrum's working-class student body. The best deal goes to low-income students who need the small-college experience and don't mind the rural Virginia setting.
Official Net Price Calculator
Get a personalized cost estimate from Ferrum College:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.