Number Received Financial Aid (All Undergraduate)
851
Percent Received Financial Aid(All Undergraduate)
99%
Average Aid Amount
$27,498
Number Received Financial Aid (Freshmen)
204
Percent Received Financial Aid (Freshmen)
94%
Financial Aid Information at Ferrum
For the academic year 2021-2022, a total of 851 students (99% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $27,498. For freshmen (Full-time, first-time degree-seeking undergraduate students), 204 students (94% of enrolled students) received financial aid.
The 2024 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 851 students (99% of all students) have received grants or scholarships and the average received aid amount is $27,498. 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 | 851 | 99% | $27,498 |
| Pell Grants | 440 | 51% | $4,914 |
| Federal Student Loans | 678 | 79% | $6,971 |
Beginning Students Financial Aid
a total of 204 beginning students (94% of all freshmen) have received any financial aid and 204 students (94% 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 | 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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