by our College Data Analytics TeamWill you go to Ferrum College for free thanks to the G.I. Bill®? GI Bill® benefits are limited and differ by school, so the specifics matter.
Below is the gap between the Post-9/11 tuition benefit and the cost at Ferrum College. Housing and book benefits are covered separately below.
| Item | Amount |
|---|---|
| Veteran tuition & fees | $38,320 |
| Guaranteed Post-9/11 tuition benefit | $20,235 |
| Tuition out of pocket | $18,085 |
Because the Post-9/11 tuition benefit is capped near $20,235 per year, tuition above the cap is the veterans responsibility at Ferrum College.
Through the Yellow Ribbon Program, Ferrum College and the VA share the cost of tuition above the Post-9/11 cap. In the most recent year, about 10 students received Yellow Ribbon awards at this school.
Available Yellow Ribbon seats and maximum contributions differ by program and degree level — check with the veteran services office for current limits.
DoD Tuition Assistance pays up to $250 per credit hour for active-duty students; here is how the per-credit charge at Ferrum College compares.
| Residency | Per-credit charge | Below $250 cap? |
|---|---|---|
| In-state | $1,010 |  |
| Out-of-state | $1,010 | |
On top of tuition, the Post-9/11 GI Bill® provides a Monthly Housing Allowance (MHA) for the months you are in school. Below, the academic-year housing benefit is set against the estimated living costs at Ferrum College.
| Item | Amount |
|---|---|
| Estimated living expenses (room & board, academic year) | $13,230 |
| Post-9/11 monthly housing allowance (MHA) | $1,509/mo |
| Housing benefit (academic year, ~8 months) | $12,072 |
| Estimated shortfall to cover yourself | $1,158 |
Expect to make up the shortfall between the housing benefit and actual living costs. MHA amounts reflect the local housing rate for the school’s area.
With a Post-9/11 book stipend of up to $1,000 per year, the estimated $1,000 in supply costs at Ferrum College, so the stipend covers them in full.
These figures show the GI Bill® and DoD Tuition Assistance dollars veterans and service members actually used at Ferrum College.
Roughly 16 students drew Post-9/11 GI Bill® tuition benefits totaling $263,641.
| Benefit | Recipients | Total disbursed | Average / recipient |
|---|---|---|---|
| GI Bill® (all students) | 30 | $1,217,945 | $40,598 |
| GI Bill® — undergraduate | 30 | $1,217,945 | — |
| GI Bill® — graduate | 0 | $0 | — |
These are federal education benefits — the Post-9/11 GI Bill® for veterans and DoD Tuition Assistance for active-duty members.
References
More about our data sources and methodologies.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at benefits.va.gov/gibill.