Ferrum College

www.ferrum.edu/

Add Comparison

2021 Undergraduate Tuition

$36,480

2021 Average Net Price

$22,278

After Financial Aid

2019 Student Loan

4.79%

Default Rate

2021 Acceptance Rate

76.4%

1,671 Applicants

2021 Enrolled Students

869

97.4% Full-Time

2021 Graduation Rate

34.3%

145 Graduates

About

Ferrum College is a higher education institution located in Franklin County, VA. In 2021, the most popular Bachelors Degree concentrations at Ferrum College were Physical Education Teaching & Coaching (24 degrees awarded), Other Health Preparatory Programs (23 degrees), and Environmental Science (13 degrees).

In 2021, 163 degrees were awarded across all undergraduate and graduate programs at Ferrum College. 50.9% of these degrees were awarded to women, and 49.1% awarded men. The most common race/ethnicity group of degree recipients was white (95 degrees), 2.32 times more than then the next closest race/ethnicity group, black or african american (41 degrees).

The median undergraduate tuition at Ferrum College is $36,480, which is $7,975 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Ferrum College is $36,480, which is $7,975 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $22,278.

In 2021, 98% of undergraduate students attending Ferrum College received financial aid through grants. Comparatively, 80% of undergraduate students received financial aid through loans.

Tuition Costs

$36,480

2021 Undergraduate Tuition

In 2021, the cost of tuition at Ferrum College was $36,480. The cost of tuition at Ferrum College is $7,975 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$22,278

2021 Value

4.57%

1 Year Growth

In 2021 Ferrum College had an average net price — the price paid after factoring in grants and loans — of $22,278. Between 2020 and 2021, the average net price of Ferrum College grew by 4.57%.

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.

Other Student Expenses

$12,400

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Ferrum College was of $12,400 in 2021. The cost of room and board increased by 3.51% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $800. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

98%

Undergraduates Receiving Financial Aid through Grants

80%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Ferrum College received financial aid through grants or loans in 2021. This represents a decline of 1.01% with respect to 2020, when 99% 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.

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.

4.79%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Ferrum College was 4.79%, which represents 23 out of the 480 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.

Admissions

Ferrum College received 1,671 undergraduate applications in 2021, which represents a 47.9% annual growth. Out of those 1,671 applicants, 1,277 students were accepted for enrollment, representing a 76.4% acceptance rate.

There were 869 students enrolled at Ferrum College in 2021. 15% of first-time enrollees submitted SAT scores with their applications.

Ferrum College has an overall enrollment yield of 17.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

76.4%

Acceptance Rate in 2021

1,277

Accepted Out of 1,671

In 2021, the undergraduate acceptance rate of Ferrum College was 76.4% (1,277 admissions from 1,671 applications). This is higher than the acceptance rate of 2020, which was 75.8%. Between 2020 and 2021, the number of applicants grew by 47.9%, while admissions declined by −47.5%..

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

15%

Submission Percentage (2021)

Scores Submitted (2021)

15% of enrolled first-time students at Ferrum College in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Ferrum College had a total enrollment of 869 students in 2021. The full-time enrollment at Ferrum College is 846 students and the part-time enrollment is 23. This means that 97.4% of students enrolled at Ferrum College are enrolled full-time.

The enrolled student population at Ferrum College, both undergraduate and graduate, is 49.7% White, 25% Black or African American, 6.33% Two or More Races, 5.87% Hispanic or Latino, 0.345% Asian, 0.23% American Indian or Alaska Native, and 0.115% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Ferrum College in full-time Undergraduate programs are most commonly White Male (25.3%), followed by White Female (24.7%) and Black or African American Male (18.1%). Students enrolled in full-time Graduate programs are most commonly White Male (25%), followed by White Female (25%).

Full-Time vs Part-Time Enrollment

97.4%

Full-Time Enrollment

The total enrollment at Ferrum College in 2021, both undergraduate and graduate, is 869 students. The full-time enrollment at Ferrum College is 846 and the part-time enrollment is 23. This means that 97.4% of students enrolled at Ferrum College are enrolled full-time compared with 79.9% 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

57%

2021 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 57%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), 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 (2021)

White
432 enrolled students
Black or African American
217 enrolled students
Two or More Races
55 enrolled students

The enrolled student population at Ferrum College is 49.7% White, 25% Black or African American, 6.33% Two or More Races, 5.87% Hispanic or Latino, 0.345% Asian, 0.23% American Indian or Alaska Native, and 0.115% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

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, 84 students (9.67%) did not report their race.

Graduates

In 2021, 3 more women than men received degrees from Ferrum College. The most common race/ethnicity group of degree recipients at Ferrum College is white (95 degrees awarded). There were 2.32 times more white recipients than the next closest race/ethnicity group, black or african american (41 degrees).

The most common Bachelor's Degree concentration at Ferrum College is Physical Education Teaching & Coaching (24 degrees awarded), followed by Other Health Preparatory Programs (23 degrees) and Environmental Science (13 degrees).

In 2021, 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 Natural Resources & Conservation (14 degrees awarded), Agriculture (11 degrees), and Parks, Recreation, & Leisure (14 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 are Elementary & middle school teachers (1,622,385 people), Secondary school teachers (419,364 people), Education administrators (252,610 people), Special education teachers (169,625 people), and Preschool & kindergarten teachers (148,668 people).

The most specialized majors at Ferrum College in 2021 are Natural Resources & Conservation (14 degrees awarded), Agriculture (11 degrees), Parks, Recreation, & Leisure (14 degrees), PHILOSOPHY AND RELIGIOUS STUDIES. (2 degrees), and EDUCATION. (30 degrees) (as of 2021).

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, Cardiovascular technologists and technicians, Aerospace engineers, Computer and information research scientists, and Securities, commodities, & financial services sales agents

The most specialized majors at Ferrum College are Natural Resources & Conservation (14 degrees awarded), Agriculture (11 degrees), Parks, Recreation, & Leisure (14 degrees), PHILOSOPHY AND RELIGIOUS STUDIES. (2 degrees), and EDUCATION. (30 degrees) (as of 2021).

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 are Elementary & secondary schools (2,709,458 people), Colleges, universities & professional schools, including junior colleges (289,529 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (173,790 people), Construction (95,525 people), and Child day care services (94,631 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 (2020)

Criminal Justice - Safety Studies
23 degree-majors awarded
Physical Education Teaching & Coaching
21 degree-majors awarded
General Agriculture
13 degree-majors awarded

In 2020, the most common bachelors degree concentration at Ferrum College was Criminal Justice - Safety Studies with 23 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 2021

Degrees Awarded to Women

in 2021

In 2021, 80 degrees were awarded to men at Ferrum College, which is 0.964 times less than the number of degrees awarded to females (83).

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

Most Common Male Majors

In 2021, 12 degrees were awarded to men at Ferrum College in Physical Education Teaching & Coaching, which is 1 times approximately the same the 12 female recipients with that same degree.

Most Common Female Majors

In 2021, 12 degrees were awarded to men at Ferrum College in Physical Education Teaching & Coaching, which is 1 times approximately the same the 12 male recipients with that same degree.

Time to Complete

20%

100% Completion Time

29%

150% Completion Time

In 2021, 20% of students graduating from Ferrum College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 29% completed their degrees within 150% of the normal time, and 29% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Ferrum College is Female and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
95 degrees awarded
Black or African American
41 degrees awarded
Hispanic or Latino
10 degrees awarded

The most common race/ethnicity at Ferrum College is white (95 degrees awarded). There were 2.32 times more white recipients than the next closest race/ethnicity group, black or african american (41 degrees).

1.84% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
52 degrees awarded
White Male
43 degrees awarded
Black or African American Male
25 degrees awarded

The most common race/ethnicity and sex grouping at Ferrum College is white female (52 degrees awarded). There were 1.21 times more white female recipients than the next closest race/ethnicity group, white male (43 degrees).

Operations

Ferrum College has an endowment valued at nearly $66.2M, as of the end of the 2021 fiscal year. The return on its endowment was of 15.1M (22.8%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Ferrum College had a total salary expenditure of 27.5M. Ferrum College employs 26 Assistant professors, 24 Associate professors and 6 Professors. Most academics at Ferrum College are Female Assistant professor (15), Male Associate professor (14), and Male Assistant professor (11).

The most common positions for non-instructional staff at Ferrum College are: Management, with 42 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 37 employees, and Service with 35 employees.

Endowment

$66.2M

2021 Endowment

26.4%

growth from 2020

Ferrum College has an endowment valued at about $66.2M, as of the end of the 2021 fiscal year. The endowment of Ferrum College grew 26.4% from the previous year. The value of their endowment was $13.8M 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

$3.41M - Federal
$11.9k - State
$900 - Local

As of 2021, Ferrum College received $3.41M in grants and contracts from the federal government, $11.9k from state grants and contracts, and $900 from local grants and contracts.

Salary Expenditure

$11.7M

2021 Salaries

7.47%

decline from 2020

In 2021, Ferrum College paid a median of $11.7M in salaries, which represents 42.7% of their overall expenditure ($27.5M) and a 7.47% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$3.09M

Instructional Salaries

Number of Employees

In 2021, Ferrum College paid a total of $3.09M to 62 employees working as instructors, which represents 26.3% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

26 Employees

Management

Most Common Non-Instructional Employee

42 Employees

In 2021, the most common positions for instructional staff at Ferrum College were Assistant professor with 26 employees, Associate professor with 24 employees, and Professor with 6 employees.

In 2021, the most common positions for non-instructional staff at Ferrum College were Management with 42 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 37 employees, and Service with 35 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Male Associate professor
Male Assistant professor

In 2021, the most common demographic for instructional staff at Ferrum College was Female Assistant professor with 15 employees, Male Associate professor with 14 employees, and Male Assistant professor with 11 employees.

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