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Economic score
Ferrum College is a private regional college located in Ferrum, Virginia. Ferrum College is very inclusive in their admissions.
Return on educational investment at Ferrum College is in the bottom 25% of all ranked schools. The median student earns $40,224 10 years after enrolling, 36th in Virginia, and in the bottom 25% nationally. When adjusted for earning differences by major, Ferrum College bachelor students earn 16% less than the national average.
Ferrum College’s median net annual cost of $19,902 and average years to graduate of 4.4 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 5 programs at Ferrum College sorted by number of graduates - Education (subject specific), Natural Resource Conservation, Criminal Justice, Psychology, Liberal Arts and Sciences - are shown below.
Annual net cost
$19,902
Average years to graduate
4.4
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 4.4 years. 32% of all students graduate within 8 years. The graduation rate at Ferrum College is 30% lower than the state average, and 16% below the average for all regional colleges in the country.
At Ferrum College, Pell Grant recipients represent 55% of the measured graduating class, 20% higher than the national average of 35%. The average Pell Grant recipient at Ferrum College graduates within 4.6 years.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Ferrum College’s economic mobility score of 8.36 is calculated by adjusting the 8.68 economic score of lower-income students by the 55% pell grant recipients within the student body. Ferrum College’s EMS of 8.36 ranks in the bottom 25% nationally. Please note that the economic mobility score considers only students that have graduated.
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 25%
The average Title IV recipient at Ferrum College pays $19,902 a year, $33,043 less than the $52,945 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $19,902
Much of the gap between net price and sticker price is filled by institutional and government grants. At Ferrum College, 99% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $19,902 on average to be covered by the student – be it through loans or out of pocket. In total, 84% of students take out loans, federal or private, at an average amount of $6,611. This is 30% more than the national average.
Federal grants
$5,940
Pell grants
$5,048
State grants
$3,376
Institutional grants
$23,937
Ferrum College's very inclusive admissions are indicated by their 76% acceptance rate. In 2021, the school had 1,671 applicants, of which 1,277 were admitted and 220 enrolled. Ferrum College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
40%
59%
First time
87%
59%
In-state
71%
68%
1st generation
39%
35%
White
50%
52%
Black
31%
14%
Hispanic
7%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
11%
12%