Number Received Financial Aid (All Undergraduate)
753
Percent Received Financial Aid(All Undergraduate)
94%
Average Aid Amount
$29,434
Number Received Financial Aid (Freshmen)
187
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Ferrum
For the academic year 2023-2024, a total of 753 students (94% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $29,434. For freshmen (Full-time, first-time degree-seeking undergraduate students), 187 students (100% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Ferrum College is $28,380, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 753 students (94% of all students) have received grants or scholarships and the average received aid amount is $29,434. 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 | 753 | 94% | $29,434 |
| Pell Grants | 373 | 47% | $5,205 |
| Federal Student Loans | 600 | 75% | $6,546 |
Beginning Students Financial Aid
a total of 187 beginning students (100% of all freshmen) have received any financial aid and 187 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 | 187 | 100% | - |
| Grants or Scholarship from All Sources | 187 | 100% | $32,061 |
| Federal Grants | 95 | 51% | $5,727 |
| Pell Grants | 95 | 51% | $5,274 |
| Other Federal Grants | 51 | 27% | $845 |
| State/Local Grants | 115 | 61% | $4,070 |
| Institutional Grants | 187 | 100% | $26,649 |
| Student Loans | 155 | 83% | $6,266 |
| Federal Student Loans | 155 | 83% | $5,169 |
| Other Student Loans | 16 | 9% | $10,624 |
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