Cost varies significantly by family income. Use the breakdown below to estimate your net price.
Cost Calculator
What You'll Pay at Ferrum College
Select your family income to see your estimated cost
The Cost Formula
Tuition
$38K
+
Room
$13K
+
Books
$1,000
=
Sticker Price
$54,506
$38K+$13K+$1,000=$54,506
Your Family Income
Sticker
$54,506
−
Your Aid
$34,361
=
Net Price
$20,145
All Income Levels
Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
Ferrum College Cost of Attendance and Financial Aid Summary
Cost Category
Amount
Total Cost of Attendance (Sticker Price)
$54,506
Tuition and Fees
$38,320
Room and Board
$13,230
Books and Supplies
$1,000
Average Financial Aid (Grants and Scholarships)
-$32,421
Average Net Price (What Families Pay)
$22,085
Ferrum College Net Price by Family Income Level
Family Income
Net Price
$0–30k
$18,607
$30–48k
$18,625
$48–75k
$20,145
$75–110k
$25,397
$110k+
$28,515
Understanding Your Aid Package
Ferrum College has a sticker price of $54,506 per year, but most students pay significantly less after financial aid. The actual cost depends heavily on your family's income level.
Key Facts
Sticker price: $54,506/year
Average aid: $32,421 in grants & scholarships
$48–75K families pay: ~$20,145/year
Low-income families: Pay ~$18,607/year
47% of students receive Pell Grants
Financial Aid Profile
💰
47%
Pell Grant Recipients
Lower-income students receiving federal aid
🎓
39%
First-Generation Students
Parents without bachelor's degree
Get personalized cost estimates and assess whether borrowing makes sense.
How much students borrow and whether debt is manageable given outcomes.
Typical Debt
Median Student Debt$27,000
Range (25th–75th)$5,500 – $27,000
Median Parent PLUS Loans$20,605
Debt Manageability
0.61x
Debt-to-Earnings Ratio
Debt is moderate relative to earnings. Manageable for most graduates, but higher-debt borrowers should plan carefully.
3-Year Default Rate0.0%
Return on Investment
How cost compares to graduate earnings and value added.
Median Earnings (10yr)
$44,296
vs $50,412 peer avg
Earnings Growth
+22%
6 → 10 years post-graduation
Value Added
+$-58
58th percentile among peers
Earnings Range (10yr post-graduation)
$28,441
25th %ile
$59,166
75th %ile
Frequently Asked Questions about Ferrum College Cost & Financial Aid
Ferrum College's published tuition is $54,506 per year. However, after financial aid, the average student pays $20,145—a difference of $34,361.
Families earning under $30,000 pay an average net price of $18,607 at Ferrum College. 47% of students receive Pell Grants.
Ferrum College offers merit-based scholarships for academic achievement, in addition to need-based financial aid. Contact the financial aid office for specific scholarship opportunities.
The median debt for Ferrum College graduates is $27,000, resulting in estimated monthly payments of $286 over 10 years.
Even families earning over $110,000 pay an average net price of $28,515 at Ferrum College—still $25,991 less than the sticker price. Most families qualify for some form of aid.
