by our College Data Analytics TeamHere’s the full picture on paying for Ferrum College, spanning what it costs to attend, projected costs over a degree, net price, debt outcomes, and aid equity.
If you want to dig into a particular figure, jump to any section below:
The total published cost of attendance at Ferrum College is about $54,506.00 per year.
Cost is shown below as the full sticker price, the average net price after aid, and the low-income net price.
| Tuition and fees | $28,520.00 |
| + Room, board & other expenses | $25,986.00 |
| Total cost | $54,506.00 |
| That is 66% above the national average net price. |
| Total cost | $54,506.00 |
| − Grants and scholarships | −$34,444.00 |
| Net price | $20,062.00 |
| That is 39% below the national average net price. |
| Total cost | $54,506.00 |
| − Grants and scholarships | −$37,586.00 |
| Net price | $16,920.00 |
| That is 48% below the national average net price. | |
| Explore each piece on the tuition & fees page plus room and board. |
The projections below extend the current annual cost across a degree. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. The repayment figures use a ten-year loan at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0% | 0% | 0% |
| Freshman year | $16,920.00 | $20,062.00 | $54,506.00 |
| Senior year | $16,920.00 | $20,062.00 | $54,506.00 |
| Total 4-year net price | $67,680.00 | $80,248.00 | $218,024.00 |
| 10-year loan interest @ 6.8% | $25,784.00 | $30,572.00 | $83,059.00 |
| Total monthly payment | $779.00 | $923.00 | $2,509.00 |
| Total amount paid | $93,464.00 | $110,820.00 | $301,083.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0% | 0% | 0% |
| Freshman year | $16,920.00 | $20,062.00 | $54,506.00 |
| Senior year | $16,920.00 | $20,062.00 | $54,506.00 |
| Total 2-year net price | $33,840.00 | $40,124.00 | $109,012.00 |
| 10-year loan interest @ 6.8% | $12,892.00 | $15,286.00 | $41,530.00 |
| Total monthly payment | $389.00 | $462.00 | $1,255.00 |
| Total amount paid | $46,732.00 | $55,410.00 | $150,542.00 |
| Read more in the net price section below. |
The net price is the real out-of-pocket cost — what families pay after grant and scholarship aid is applied. This is the more honest cost figure for most families, since it accounts for institutional and federal aid.
| Average net price (on-campus) | $20,082.00 |
| Average net price (off-campus) | $22,085.00 |
The real cost varies by income because need-based aid scales with financial need. The figures below give average net price by income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $18,607.00 |
| $30,000 to $48,000 | $18,625.00 |
| $48,001 to $75,000 | $20,145.00 |
| $75,001 to $110,000 | $25,397.00 |
| Over $110,000 | $28,515.00 |
Run your own numbers with the Ferrum College Net Price Calculator, or reach out to the financial aid office.
Curious how grants and scholarships are distributed? Explore the grants & scholarships detail.
The median amount borrowed by graduates of Ferrum College is $14,250.00, which the Department of Education classifies as a Low ($10-20k) debt-load classification.
Here’s how debt at graduation distributes across borrowers:
| Percentile | Debt at graduation |
|---|---|
| 10th | $3,250.00 |
| 25th | $5,500.00 |
| Median (50th) | $14,250.00 |
| 75th | $27,000.00 |
| 90th | $41,500.00 |
The 10th-to-90th-percentile spread is one signal of how variable debt outcomes are across the student body.
Read the complete debt breakdown on the student-loan-debt breakdown.
Family income tracks closely with debt at graduation. The breakdown below segments borrowers by family income at entry:
| Family income | Median debt at graduation |
|---|---|
| Low income | $14,250.00 |
| Middle income | $12,697.00 |
| High income | $15,125.00 |
First-generation college students often carry different debt loads than their continuing-generation peers.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $14,342.00 |
| Continuing-generation students | $13,000.00 |
First-generation graduates of Ferrum College leave with $1,342.00 more median debt than continuing-generation peers.
Pell Grant eligibility is a useful proxy for low-income status among undergraduates. Looking at Pell recipients versus non-recipients tells us how debt is distributed across need.
The median debt gap between Pell and non-Pell graduates of Ferrum College is $2,750.00. This institution is flagged by federal data for Pell-debt inequity.
The default-rate category at Ferrum College is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 9.7% |
To put the rates in context, Stafford loans at Ferrum College amount to $136,524,824.00 over 7,751 loan recipients.
Veterans and active-duty servicemembers can tap dedicated federal aid programs including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.
| GI Bill recipients | 30 |
| Avg GI Bill amount | $40,598.00 |
Read more about military and veteran aid on the veterans benefits detail.
Use the figures above as a launch point, then think through Ferrum College, think through the questions below:
Each page below covers one part of paying for college in more detail:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.