Ferrum College

www.ferrum.edu

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2024 Undergraduate Tuition

$27,370

26.8% growth from 2023

2024 Average Net Price

$20,082

After Financial Aid

2024 Acceptance Rate

89%

1,787 Applicants

2024 Enrolled Students

763

94.2% Full-Time

2024 Graduation Rate

31.9%

126 Graduates

About

Ferrum College is a higher education institution located in Franklin County, VA. In 2024, the most popular Bachelors Degree concentrations at Ferrum College were Other Health Preparatory Programs (16 degrees awarded), General Studies (13 degrees), and Criminal Justice - Safety Studies (11 degrees).

In 2024, 145 degrees were awarded across all undergraduate and graduate programs at Ferrum College. 49% of these degrees were awarded to women, and 51% awarded men. The most common race/ethnicity group of degree recipients was white (81 degrees), 2.89 times more than then the next closest race/ethnicity group, black or african american (28 degrees).

The median undergraduate tuition at Ferrum College is $27,370, which is $−808 less than the national average for Baccalaureate Colleges ($28,178).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Ferrum College is $27,370, which is $808 less than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $20,082.

In 2024, 97% of undergraduate students attending Ferrum College received financial aid through grants. Comparatively, 85% of undergraduate students received financial aid through loans.

Tuition Costs

$27,370

2024 Undergraduate Tuition

In 2024, the cost of tuition at Ferrum College was $27,370. The cost of tuition at Ferrum College is $−808 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

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

Average Net Price

$20,082

2024 Value

10.8%

1 Year Growth

In 2024 Ferrum College had an average net price — the price paid after factoring in grants and loans — of $20,082. Between 2023 and 2024, the average net price of Ferrum College grew by 10.8%.

This chart compares the average net price of Ferrum College (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.

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

85%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Ferrum College received financial aid through grants or loans in 2024. This represents a growth of 3.19% with respect to 2023, when 94% of undergraduate students received financial aid.

This chart compares the average award discount at Ferrum College (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.

Admissions

Ferrum College received 1,787 undergraduate applications in 2024, which represents a 20.5% annual growth. Out of those 1,787 applicants, 1,590 students were accepted for enrollment, representing a 89% acceptance rate.

There were 763 students enrolled at Ferrum College in 2024. 6% of first-time enrollees submitted SAT scores with their applications.

Ferrum College has an overall enrollment yield of 11.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

89%

Acceptance Rate in 2024

1,590

Accepted Out of 1,787

In 2024, the undergraduate acceptance rate of Ferrum College was 89% (1,590 admissions from 1,787 applications). This is lower than the acceptance rate of 2023, which was 100%. Between 2023 and 2024, the number of applicants grew by 20.5%, while admissions grew by 7.22%.

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

SAT Scores

Submission Percentage (2023)

Scores Submitted (2023)

6% of enrolled first-time students at Ferrum College 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.

Enrollment

Ferrum College had a total enrollment of 763 students in 2024. The full-time enrollment at Ferrum College is 719 students and the part-time enrollment is 44. This means that 94.2% of students enrolled at Ferrum College are enrolled full-time.

The enrolled student population at Ferrum College, both undergraduate and graduate, is 50.2% White, 20.8% Black or African American, 5.9% Hispanic or Latino, 3.8% Two or More Races, 0.655% Asian, and 0.131% American Indian or Alaska Native.

Students enrolled at Ferrum College in full-time Undergraduate programs are most commonly White Male (25.9%), followed by White Female (22.8%) and Black or African American Male (16.2%). Students enrolled in full-time Graduate programs are most commonly White Male (27%), followed by White Female (27%) and Black or African American Male (18.9%).

Full-Time vs Part-Time Enrollment

94.2%

Full-Time Enrollment

The total enrollment at Ferrum College in 2024, both undergraduate and graduate, is 763 students. The full-time enrollment at Ferrum College is 719 and the part-time enrollment is 44. This means that 94.2% of students enrolled at Ferrum College are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

64%

2024 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 was 64%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Ferrum College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
383 enrolled students
Black or African American
159 enrolled students
Hispanic or Latino
45 enrolled students

The enrolled student population at Ferrum College is 50.2% White, 20.8% Black or African American, 5.9% Hispanic or Latino, 3.8% Two or More Races, 0.655% Asian, and 0.131% 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 50.5% White, 15.6% Hispanic or Latino, and 13.2% 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, 137 students (18%) did not report their race.

Graduates

In 2024, 3 fewer women than men received degrees from Ferrum College. The most common race/ethnicity group of degree recipients at Ferrum College is white (81 degrees awarded). There were 2.89 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

The most common Bachelor's Degree concentration at Ferrum College is Other Health Preparatory Programs (16 degrees awarded), followed by General Studies (13 degrees) and Criminal Justice - Safety Studies (11 degrees).

In 2024, the most specialized majors across all degree types at Ferrum College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Agriculture (10 degrees awarded), Natural Resources & Conservation (6 degrees), and Parks, Recreation, & Leisure (9 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Ferrum College are Other managers (173,740 people), Police officers (150,681 people), Lawyers, & judges, magistrates, & other judicial workers (136,197 people), Elementary & middle school teachers (126,814 people), and Secondary school teachers (99,079 people).

The most specialized majors at Ferrum College in 2024 are Agriculture (10 degrees awarded), Natural Resources & Conservation (6 degrees), Parks, Recreation, & Leisure (9 degrees), Protective Services (15 degrees), and History (2 degrees) (as of 2024).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

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

The most specialized majors at Ferrum College are Agriculture (10 degrees awarded), Natural Resources & Conservation (6 degrees), Parks, Recreation, & Leisure (9 degrees), Protective Services (15 degrees), and History (2 degrees) (as of 2024).

Common Industries by Major

Justice, public order, & safety activities

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Ferrum College are Justice, public order, & safety activities (363,536 people), Elementary & secondary schools (339,187 people), Colleges, universities & professional schools, including junior colleges (194,183 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (147,968 people), and Legal services (119,053 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Ferrum College.

Most Common (2024)

Other Health Preparatory Programs
16 degrees awarded
General Studies
13 degrees awarded
Criminal Justice - Safety Studies
11 degrees awarded

In 2024, the most common bachelors degree concentration at Ferrum College was Other Health Preparatory Programs with 16 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2024

Degrees Awarded to Women

in 2024

In 2024, 74 degrees were awarded to men at Ferrum College, which is 1.04 times more than the number of degrees awarded to females (71).

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

Most Common Male Majors

In 2024, 8 degrees were awarded to men at Ferrum College in Physical Education Teaching & Coaching, which is 1.33 times more than the 6 female recipients with that same degree.

Most Common Female Majors

In 2024, 10 degrees were awarded to men at Ferrum College in Other Health Preparatory Programs, which is 1.67 times more than the 6 male recipients with that same degree.

Time to Complete

21%

100% Completion Time

28%

150% Completion Time

In 2024, 21% of students graduating from Ferrum College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 28% completed their degrees within 150% of the normal time, and 28% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
81 degrees awarded
Black or African American
28 degrees awarded
Hispanic or Latino
11 degrees awarded

The most common race/ethnicity at Ferrum College is white (81 degrees awarded). There were 2.89 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

8.97% of degree recipients (13 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
85 degrees awarded
White Male
83 degrees awarded
White Female
81 degrees awarded

The most common race/ethnicity and sex grouping at Ferrum College is white female (85 degrees awarded). There were 1.02 times more white female recipients than the next closest race/ethnicity group, white male (83 degrees).

Operations

Ferrum College has an endowment valued at nearly $60.3M, as of the end of the 2024 fiscal year. The return on its endowment was of 8.85M (14.7%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, Ferrum College had a total salary expenditure of 28.2M. Ferrum College employs 20 Associate professors, 18 Assistant professors and 7 Professors. Most academics at Ferrum College are Male Associate professor (12), Female Assistant professor (11), and Female Associate professor (8).

The most common positions for non-instructional staff at Ferrum College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 41 employees, Management, with 36 employees, and Service with 33 employees.

Endowment

$60.3M

2024 Endowment

4.54%

growth from 2023

Ferrum College has an endowment valued at about $60.3M, as of the end of the 2024 fiscal year. The endowment of Ferrum College grew 4.54% from the previous year. The value of their endowment was $10.8M 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 (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.

Government Grants and Contracts

Grants & Contracts

$241k - Federal
$74.8k - State
$6.32k - Local

As of 2024, Ferrum College received $241k in grants and contracts from the federal government, $74.8k from state grants and contracts, and $6.32k from local grants and contracts.

Salary Expenditure

$11.4M

2024 Salaries

4.53%

decline from 2023

In 2024, Ferrum College paid a median of $11.4M in salaries, which represents 40.5% of their overall expenditure ($28.2M) and a 4.53% decline from the previous year. This is compared to a 1.19% growth between 2022 and 2023, and a 0.856% growth between 2021 and 2022.

Instructional Salaries

$2.65M

Instructional Salaries

Number of Employees

In 2024, Ferrum College paid a total of $2.65M to 51 employees working as instructors, which represents 23.1% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Ferrum College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 41 employees, Management with 36 employees, and Service with 33 employees.

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