Ferrum College
Ferrum College is a private research university in Ferrum, Virginia, enrolling about 699 students. Admission is moderately selective, with an acceptance rate of about 88.98% in federal reporting data. Median earnings about ten years after entry reach about $44,296 among students who received federal aid.
Key Facts
- 2024 Undergraduate Tuition: $28,520
- 2024 Average Net Price: $20,082 After Financial Aid
- 2024 Acceptance Rate: 88.98% Moderate Selectivity
- 2024 Enrolled Students: 699 99.0% Full-Time
- 2024 Graduation Rate: 31.90%
- Average SAT Score: 990
Ferrum College: what the data shows
Common questions about Ferrum College, answered from College Scorecard and IPEDS in this repository.
Where is Ferrum College?
Ferrum College is located in Ferrum, VA (ZIP 24088-9000).
Is Ferrum College public or private?
Ferrum College is a Private Non-profit institution.
How much does Ferrum College cost?
Published tuition: $28,520.
Average net price after aid: $20,082.
| Family income band | Avg. net price |
|---|---|
| Family income $0–$30,000 | $16,940 |
| $30,001–$48,000 | $16,493 |
| $48,001–$75,000 | $19,967 |
| $75,001–$110,000 | $22,505 |
| $110,001+ | $24,346 |
Sticker tuition × four years (estimate, no room/board): $114,080.
How hard is it to get into Ferrum College?
Admission rate: 88.98%.
Among enrollees who submitted scores: average SAT 990 and midpoint ACT 21.
Scorecard does not publish admitted-student GPA for most institutions.
How big is Ferrum College?
Total enrollment: 699 students.
About 99% enroll full-time in our extract.
What is the graduation rate at Ferrum College?
150%-time completion rate: 31.90%.
First-year retention: 64.1%.
What do graduates of Ferrum College earn?
Median earnings: $36,418 six years after entry; $44,296 ten years after entry (College Scorecard).
How much debt do students have?
Median federal loan debt among completers: $27,000.
54.27% of students receive Pell grants.
What is Ferrum College known for?
Largest IPEDS program completions at this institution:
- Other/Unknown Programs (145 completions)
- CIP 511199 (16 completions)
- Teaching English or French as a Second or Foreign Language (14 completions)
- CIP 240102 (13 completions)
- Criminal Justice - Law Enforcement Administration (11 completions)
- CIP 000010 (10 completions)
- Registered Nursing, Nursing Administration, & Nursing Research (10 completions)
- General Psychology (9 completions)
- CIP 310504 (8 completions)
- CIP 520201 (8 completions)
See ROI & Programs for more.
Is Ferrum College a good school?
We do not score schools on opinion. Federal data in our extract show admission rate 88.98%; completion rate 31.90%; median earnings $44,296 at 10 years; net price $20,082. Compare these figures to your cost, aid, and career goals.
Costs
Tuition Costs
$28,520
2024 Undergraduate Tuition
In 2024, the cost of tuition at Ferrum College was $28,520.
Tuition comparison with similar institutions.
Average Net Price
$20,082
2024 Value
In 2024 Ferrum College had an average net price — the price paid after factoring in grants and loans — of $20,082.
Average net price comparison with similar institutions.
Total Cost of Attendance
$80,328 Estimated 4-Year Total Cost
$20,082 Average Annual Net Price (after aid)
$114,080 4-Year Tuition
Costs include tuition and fees. Room & board, books, and other expenses are additional.
4-year total cost breakdown for Ferrum College.
Financial Aid by Income Level
54.27% Undergraduates Receiving Financial Aid through Grants
85.41% Undergraduates Receiving Financial Aid through Loans
Financial aid distribution by income level.
Student Loan Default Rate
0.00%
3-year cohort default rate (College Scorecard)
The published 3-year cohort default rate for borrowers at Ferrum College was 0.00%.
Cohort default rates account for borrowers who default in the first three years.
Tuition tracker
Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for Ferrum College in that year.
Reporting years in the table below: 2013–2023 (Scorecard labels refer to the institutional submission cycle).
| Year | In-state tuition & fees | Out-of-state tuition & fees | Average net price |
|---|---|---|---|
| 2013 | $28,585 | $28,585 | $16,858 |
| 2014 | $29,795 | $29,795 | $20,054 |
| 2015 | $30,835 | $30,835 | $17,798 |
| 2016 | $31,915 | $31,915 | $17,634 |
| 2017 | $33,025 | $33,025 | $24,198 |
| 2018 | $34,175 | $34,175 | $21,904 |
| 2019 | $35,365 | $35,365 | $22,159 |
| 2020 | $36,695 | $36,695 | $19,902 |
| 2021 | $36,830 | $36,830 | $22,021 |
| 2022 | $38,320 | $38,320 | $22,816 |
| 2023 | $38,320 | $38,320 | $22,085 |
Sticker tuition and net price over time
Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.
College Scorecard reporting-year fields (not inflation-adjusted).
Net price by family income
Brackets follow Scorecard definitions for the series shown (public vs private institution).
Latest income-band net prices available in the processed extract.
Admissions
Acceptance Rate
88.98% Acceptance Rate
This institution has a moderate acceptance rate, accepting most qualified applicants.
Acceptance rate compared to national average.
Test Scores
SAT Average: 990
ACT Average: 21
Average SAT and ACT scores for admitted students.
Academic Requirements
Estimated GPA Range: 3.0 - 3.4
Estimated Median GPA: 3.20
Note: GPA requirements are estimated based on admission selectivity and test scores. Actual requirements may vary.
Estimated GPA and test score ranges.
Enrollment
Full-Time vs Part-Time Enrollment
99.0% Full-Time Enrollment
The total enrollment at Ferrum College in 2024 is 699 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
64.1%
2024 Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.
Retention rate over time compared to similar institutions.
Graduates & Outcomes
Time to Complete
23.80% 100% Completion Time
31.90% 150% Completion Time
In 2024, 23.80% of students graduating from Ferrum College completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
ROI & Programs
Financial value and program information for Ferrum College.
Return on Investment
$27,000 Median Student Debt
$44,296 Median Annual Earnings (10 years)
60.95% Debt-to-Earnings Ratio
451.44% Return on Investment
6.1 years Estimated Payback Period
Financial value analysis for Ferrum College.
Top Programs by Completions
10 Programs Reporting Data
CIP 51.1199: 16 completions
Teaching English or French as a Second or Foreign Language: 14 completions
CIP 24.0102: 13 completions
Criminal Justice - Law Enforcement Administration: 11 completions
CIP 00.0010: 10 completions
Registered Nursing, Nursing Administration, & Nursing Research: 10 completions
General Psychology: 9 completions
CIP 31.0504: 8 completions
CIP 52.0201: 8 completions
Other/Unknown Programs: 145 completions
Most popular programs at Ferrum College.
Employment Outcomes
Employment outcome data is not available for this institution.
Earnings outcomes for Ferrum College graduates.
About
Ferrum College is a private non-profit institution located in Ferrum, VA, offering 31 distinct degree programs across various academic disciplines. The institution enrolls approximately 699 students. The admission rate is 88.98%. Average SAT scores for admitted students are 990. The institution maintains a 31.90% graduation rate. Approximately 54.27% of students receive Pell Grants.
Institution Type
Private Non-profit
Location
Ferrum, VA 24088-9000
Region: Southeast
Insights and Analysis
Graduation Rate Considerations: The 31.90% graduation rate at Ferrum College falls below the national average. Prospective students should carefully consider factors such as academic preparation, support services, and career outcomes when evaluating this institution.
FAQ
How much does Ferrum College cost?
Reported in-state tuition is $28,520 and average net price is $20,082 in the latest College Scorecard data.
How hard is it to get into Ferrum College?
The admission rate is 89.0% among first-time degree-seeking students reporting admissions data.
What test scores do students need for Ferrum College?
Among enrolled students who submitted scores, Ferrum College reports midpoint SAT about 990 and midpoint ACT about 21.
What do graduates of Ferrum College earn?
Median earnings are $36,418 six years after entry and $44,296 ten years after entry.
What is the graduation rate at Ferrum College?
The 150%-time completion rate is 31.9% for the cohort reported to the College Scorecard.
How much debt do Ferrum College students have?
Median federal loan debt among completers is $27,000.
How big is Ferrum College?
Total enrollment is about 699 students in the latest reporting year.
Is Ferrum College public or private?
Ferrum College is a private nonprofit institution located in Ferrum, VA.
Is Ferrum College an HBCU?
No. Ferrum College is not flagged as an HBCU in the IPEDS institutional directory.
Is Ferrum College a tribal college?
No. Ferrum College is not flagged as a tribal college in IPEDS.
Is Ferrum College a Hispanic-serving institution (HSI)?
Using a 25% Hispanic enrollment threshold on College Scorecard demographics, Ferrum College does not meet that proxy (reported share 6.2%).
Is Ferrum College religiously affiliated?
Yes. IPEDS reports a religious affiliation for Ferrum College: United Methodist.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
- Related geography & profiles
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology
Data for this profile is sourced from the U.S. Department of Education's College Scorecard dataset, which provides comprehensive information on institutions of higher education in the United States.
All financial figures are adjusted for inflation and represent the most recent available data. Graduation rates and completion times are calculated according to federal standards.