For the academic year 2022-2023, total 204 full-time, first-time students (94% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 851 students (99% of all students) received grants or scholarships and the average grant amount is $27,498. In addition, 678 students received student loans and the average loan amount is $6,971.
Below tables show the number and amount by source of financial aid at Ferrum College.
For all undergraduate students, total 851 students (99% of all students) received grants or scholarships and the average grant amount is $27,498. In addition, 678 students received student loans and the average loan amount is $6,971.
Below tables show the number and amount by source of financial aid at Ferrum College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 851 | 99% | $27,498 |
| Pell Grants | 440 | 51% | $4,914 |
| Federal Student Loans | 678 | 79% | $6,971 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 204 | 94% | - |
| Grants or Scholarship from All Sources | 204 | 94% | $26,580 |
| Federal Grants | 103 | 48% | $5,393 |
| Pell Grants | 103 | 48% | $4,922 |
| Other Federal Grants | 75 | 35% | $647 |
| State/Local Grants | 125 | 58% | $3,488 |
| Institutional Grants | 204 | 94% | $21,720 |
| Student Loans | 158 | 73% | $6,826 |
| Federal Student Loans | 156 | 72% | $5,447 |
| Other Student Loans | 17 | 8% | $13,462 |
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