Financial Aid at Ferrum
Financial Aid Amount Received
$29,434 (76.81% of tuition)
Percent of Financial Aid Received
94% of 835 students
753 undergraduate students (94% of all students) have received grants, scholarships, and/or federal student loans at Ferrum College. The percentage of students who received financial aid higher compared to Private (not-for-profit), 4-Years Colleges in Virginia.
Compared to similar schools in rankings such as South University-Virginia Beach and Fairfax University of America, the percentage of students who received financial aid is much higher (the average of the schools is 77.50%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $29,434 and the average loan amount is $6,546. The average financial aid amount is 76.81% of tuition & fees (tuition & fees: $38,320).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 753 | 94% | $22,163,911 | $29,434 |
| Pell Grants | 373 | 47% | $1,941,501 | $5,205 |
| Federal Students Loans | 600 | 75% | $3,927,714 | $6,546 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 187 students have received one or more types of financial aid at Ferrum College.
The average amount of federal, state, local or institutional grant aid is $32,061 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,266.
The following table shows the financial data by type of aid at Ferrum College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 187 | 100% | - | - |
| Grant or scholarship aid | 187 | 100% | $5,995,486 | $32,061 |
| Federal Grants | 95 | 51% | $544,104 | $5,727 |
| Pell Grants | 95 | 51% | $500,988 | $5,274 |
| Other Federal Grants | 51 | 27% | $43,116 | $845 |
| State/Local Grants | 115 | 61% | $468,000 | $4,070 |
| Institutional Grants | 187 | 100% | $4,983,382 | $26,649 |
| Student Loans | 155 | 83% | $971,175 | $6,266 |
| Federal Student Loans | 155 | 83% | $801,191 | $5,169 |
| Other Student Loans | 16 | 9% | $169,984 | $10,624 |