Ferrum College (232089)

www.ferrum.edu

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2023 Undergraduate Tuition
$37,400
2023 Average Net Price
$22,521
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Acceptance Rate
100%
1,483 Applicants
2023 Enrolled Students
767
96.6% Full-Time
2023 Graduation Rate
28.9%
101 Graduates

About

Ferrum College (232089) is a higher education institution located in Franklin County, VA. In 2023, the most popular Bachelors Degree concentrations at Ferrum College (232089) were Physical Education Teaching & Coaching (21 degrees awarded), General Studies (16 degrees), and Other Health Preparatory Programs (14 degrees).

In 2023, 191 degrees were awarded across all undergraduate and graduate programs at Ferrum College (232089). 50.8% of these degrees were awarded to women, and 49.2% awarded men. The most common race/ethnicity group of degree recipients was white (123 degrees), 4.1 times more than then the next closest race/ethnicity group, black or african american (30 degrees).

The median undergraduate tuition at Ferrum College (232089) is $37,400, which is $8,120 more than the national average for Baccalaureate Colleges ($29,280).

In 2021 the default rate for borrower's at Ferrum College (232089) was 0%, corresponding to 0 out of the 429 total borrowers.

Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Ferrum College (232089) is $37,400, which is $8,120 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $22,521.

In 2023, 94% of undergraduate students attending Ferrum College (232089) received financial aid through grants. Comparatively, 75% of undergraduate students received financial aid through loans.

Tuition Costs

$37,400
2023 Undergraduate Tuition

In 2023, the cost of tuition at Ferrum College (232089) was $37,400. The cost of tuition at Ferrum College (232089) is $8,120 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

This chart compares the tuition costs of Ferrum College (232089) (in red) with those of other similar universities.

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Average Net Price

$22,521
2023 Value
11.9%
1 Year Growth

In 2023 Ferrum College (232089) had an average net price — the price paid after factoring in grants and loans — of $22,521. Between 2022 and 2023, the average net price of Ferrum College (232089) grew by 11.9%.

This chart compares the average net price of Ferrum College (232089) (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$13,230
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Ferrum College (232089) was of $13,230 in 2023. The cost of room and board increased by 6.69% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies increased by 25% during the same period.

This chart compares the average student costs at Ferrum College (232089) (in red) with that of similar universities.

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Financial Aid by Income Level

94%
Undergraduates Receiving Financial Aid through Grants
75%
Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Ferrum College (232089) received financial aid through grants or loans in 2023. This represents a decline of 5.05% with respect to 2022, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Ferrum College (232089) (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Ferrum College (232089) was 0%, which represents 0 out of the 429 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Ferrum College (232089) received 1,483 undergraduate applications in 2023, which represents a 2.13% annual growth. Out of those 1,483 applicants, 1,483 students were accepted for enrollment, representing a 100% acceptance rate.

There were 767 students enrolled at Ferrum College (232089) in 2023. 6% of first-time enrollees submitted SAT scores with their applications.

Ferrum College (232089) has an overall enrollment yield of 16.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

100%
Acceptance Rate in 2023
1,483
Accepted Out of 1,483

In 2023, the undergraduate acceptance rate of Ferrum College (232089) was 100% (1,483 admissions from 1,483 applications). This is higher than the acceptance rate of 2022, which was 84.3%. Between 2022 and 2023, the number of applicants grew by 2.13%, while admissions grew by 21.2%.

This chart compares the acceptance rate of Ferrum College (232089) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

6%
Submission Percentage (2023)
14
Scores Submitted (2023)

6% of enrolled first-time students at Ferrum College (232089) in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Ferrum College (232089) had a total enrollment of 767 students in 2023. The full-time enrollment at Ferrum College (232089) is 741 students and the part-time enrollment is 26. This means that 96.6% of students enrolled at Ferrum College (232089) are enrolled full-time.

The enrolled student population at Ferrum College (232089), both undergraduate and graduate, is 48% White, 21.5% Black or African American, 6.91% Hispanic or Latino, 4.82% Two or More Races, 0.522% Asian, and 0.261% American Indian or Alaska Native.

Students enrolled at Ferrum College (232089) in full-time Undergraduate programs are most commonly White Male (24.6%), followed by White Female (24.1%) and Black or African American Male (15.2%). Students enrolled in full-time Graduate programs are most commonly White Female (27.3%), followed by White Male (22.7%) and Black or African American Male (18.2%).

Full-Time vs Part-Time Enrollment

96.6%
Full-Time Enrollment

The total enrollment at Ferrum College (232089) in 2023, both undergraduate and graduate, is 767 students. The full-time enrollment at Ferrum College (232089) is 741 and the part-time enrollment is 26. This means that 96.6% of students enrolled at Ferrum College (232089) are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Ferrum College (232089) (in red) compares to similar universities.

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Retention Rate over Time

59%
2023 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. The retention rate for full-time undergraduates at Ferrum College (232089) was 59%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Ferrum College (232089) had a retention rate lower than its peers.

This chart shows the retention rate over time at Ferrum College (232089) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    368 enrolled students
  2. Black or African American
    165 enrolled students
  3. Hispanic or Latino
    53 enrolled students

The enrolled student population at Ferrum College (232089) is 48% White, 21.5% Black or African American, 6.91% Hispanic or Latino, 4.82% Two or More Races, 0.522% Asian, and 0.261% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 53.2% White, 14.1% Hispanic or Latino, and 12.9% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 129 students (16.8%) did not report their race.

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Graduates

In 2023, 3 more women than men received degrees from Ferrum College (232089). The most common race/ethnicity group of degree recipients at Ferrum College (232089) is white (123 degrees awarded). There were 4.1 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

The most common Bachelor's Degree concentration at Ferrum College (232089) is Physical Education Teaching & Coaching (21 degrees awarded), followed by General Studies (16 degrees) and Other Health Preparatory Programs (14 degrees).

In 2023,  the most specialized majors across all degree types at Ferrum College (232089), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Natural Resources & Conservation (13 degrees awarded), Agriculture (12 degrees), and Parks, Recreation, & Leisure (11 degrees).

Common Jobs by Major

Elementary & middle school teachers
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Ferrum College (232089) are Elementary & middle school teachers (1,499,060 people), Secondary school teachers (499,353 people), Education administrators (261,639 people), Special education teachers (202,101 people), and Other managers (191,928 people).

The most specialized majors at Ferrum College (232089) in 2023 are Natural Resources & Conservation (13 degrees awarded), Agriculture (12 degrees), Parks, Recreation, & Leisure (11 degrees), Protective Services (19 degrees), and Education (33 degrees) (as of 2023).

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Highest Paying Jobs by Major

Diagnostic medical sonographers
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Ferrum College (232089) are Diagnostic medical sonographers, Physicians, Surgeons, Nurse anesthetists, and Cardiovascular technologists and technicians

The most specialized majors at Ferrum College (232089) are Natural Resources & Conservation (13 degrees awarded), Agriculture (12 degrees), Parks, Recreation, & Leisure (11 degrees), Protective Services (19 degrees), and Education (33 degrees) (as of 2023).

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Common Industries by Major

Elementary & secondary schools
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Ferrum College (232089) are Elementary & secondary schools (2,767,941 people), uninformed (389,441 people), Justice, public order, & safety activities (373,177 people), Colleges, universities & professional schools, including junior colleges (295,138 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (201,895 people).

The most specialized majors at Ferrum College (232089) are Natural Resources & Conservation (13 degrees awarded), Agriculture (12 degrees), Parks, Recreation, & Leisure (11 degrees), Protective Services (19 degrees), and Education (33 degrees) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Ferrum College (232089).
Most Common (2023)
  1. Physical Education Teaching & Coaching
    21 degrees awarded
  2. General Studies
    16 degrees awarded
  3. Other Health Preparatory Programs
    14 degrees awarded

In 2023, the most common bachelors degree concentration at Ferrum College (232089) was Physical Education Teaching & Coaching with 21 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Ferrum College (232089) according to their major.

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Sex Breakdown for Common Majors

94
Degrees Awarded to Men
in 2023
97
Degrees Awarded to Women
in 2023

In 2023, 94 degrees were awarded to men at Ferrum College (232089), which is 0.969 times less than the number of degrees awarded to females (97).

This chart displays the sex disparity between the top 5 majors at Ferrum College (232089) by degrees awarded.

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Most Common Male Majors

In 2023, 16 degrees were awarded to men at Ferrum College (232089) in Physical Education Teaching & Coaching, which is 2.29 times more than the 7 female recipients with that same degree.

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Most Common Female Majors

In 2023, 12 degrees were awarded to women at Ferrum College (232089) in Registered Nursing. There were no male recipients with the same degree.

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Time to Complete

26%
100% Completion Time
34%
150% Completion Time

In 2023, 26% of students graduating from Ferrum College (232089) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 34% completed their degrees within 150% of the normal time, and 34% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (55.2%)

The student demographic with the highest graduation rate in 2023 at Ferrum College (232089) is Female and White (55.2% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (74.3%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.98% of graduates (2 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    123 degrees awarded
  2. Black or African American
    30 degrees awarded
  3. Two or More Races
    14 degrees awarded

The most common race/ethnicity at Ferrum College (232089) is white (123 degrees awarded). There were 4.1 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

3.66% of degree recipients (7 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    69 degrees awarded
  2. White Male
    54 degrees awarded
  3. Black or African American Male
    20 degrees awarded

The most common race/ethnicity and sex grouping at Ferrum College (232089) is white female (69 degrees awarded). There were 1.28 times more white female recipients than the next closest race/ethnicity group, white male (54 degrees).

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Operations

Ferrum College (232089) has an endowment valued at nearly $57.7M, as of the end of the 2023 fiscal year. The return on its endowment was of 6.39M (11.1%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Ferrum College (232089) had a total salary expenditure of 30.2M. Ferrum College (232089) employs 22 Associate professors, 19 Assistant professors and 4 Professors. Most academics at Ferrum College (232089) are Male Associate professor (11), Female Associate professor (11), and Male Assistant professor (10).

The most common positions for non-instructional staff at Ferrum College (232089) are: Management, with 43 employees, Service, with 35 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 34 employees.

Endowment

$57.7M
2023 Endowment
0.953%
decline from 2022

Ferrum College (232089) has an endowment valued at about $57.7M, as of the end of the 2023 fiscal year. The endowment of Ferrum College (232089) declined 0.953% from the previous year. The value of their endowment was $6.25M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Ferrum College (232089) (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $2.83M - Federal
  2. $14.3k - State
  3. $21k - Local

As of 2023, Ferrum College (232089) received $2.83M in grants and contracts from the federal government, $14.3k from state grants and contracts, and $21k from local grants and contracts.

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Salary Expenditure

$12M
2023 Salaries
1.19%
growth from 2022

In 2023, Ferrum College (232089) paid a median of $12M in salaries, which represents 39.7% of their overall expenditure ($30.2M) and a 1.19% growth from the previous year. This is compared to a 0.856% growth between 2021 and 2022, and a 7.47% decline between 2020 and 2021.

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Instructional Salaries

$2.54M
Instructional Salaries
49
Number of Employees

In 2023, Ferrum College (232089) paid a total of $2.54M to 49 employees working as instructors, which represents 21.2% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

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Occupations by Share

Associate professor
Most Common Instructor
22 Employees
Management
Most Common Non-Instructional Employee
43 Employees

In 2023, the most common positions for instructional staff at Ferrum College (232089) were Associate professor with 22 employees, Assistant professor with 19 employees, and Professor with 4 employees.

In 2023, the most common positions for non-instructional staff at Ferrum College (232089) were Management with 43 employees, Service with 35 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 34 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Associate professor
  2. Female Associate professor
  3. Male Assistant professor

In 2023, the most common demographic for instructional staff at Ferrum College (232089) was Male Associate professor with 11 employees, Female Associate professor with 11 employees, and Male Assistant professor with 10 employees.

This chart shows the sex split between each academic rank present at Ferrum College (232089).

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