Number Received Financial Aid (All Undergraduate)
1,038
Percent Received Financial Aid(All Undergraduate)
99%
Average Aid Amount
$33,669
Number Received Financial Aid (Freshmen)
357
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Ferrum
For the academic year 2021-2022, a total of 1,038 students (99% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $33,669. For freshmen (Full-time, first-time degree-seeking undergraduate students), 357 students (100% of enrolled students) received financial aid.
The 2023 undergraduate tuition & fees at Ferrum College is $38,320, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 1,038 students (99% of all students) have received grants or scholarships and the average received aid amount is $33,669. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Ferrum College for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,038 | 99% | $33,669 |
| Pell Grants | 569 | 54% | $4,837 |
| Federal Student Loans | 859 | 82% | $7,122 |
Beginning Students Financial Aid
a total of 357 beginning students (100% of all freshmen) have received any financial aid and 357 students (100% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Ferrum College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 357 | 100% | - |
| Grants or Scholarship from All Sources | 357 | 100% | $26,690 |
| Federal Grants | 186 | 52% | $5,217 |
| Pell Grants | 186 | 52% | $4,757 |
| Other Federal Grants | 114 | 32% | $750 |
| State/Local Grants | 256 | 72% | $3,106 |
| Institutional Grants | 356 | 100% | $21,806 |
| Student Loans | 281 | 79% | $6,943 |
| Federal Student Loans | 280 | 78% | $6,312 |
| Other Student Loans | 14 | 4% | $13,115 |
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