Ferrum College

www.ferrum.edu/

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2020 Undergraduate Tuition

$36,480

3.49% growth from 2019

2020 Average Net Price

$23,344

After Financial Aid

2018 Student Loan

13.4%

Default Rate

2020 Acceptance Rate

75.8%

3,206 Applicants

2020 Enrolled Students

972

97.8% Full-Time

2020 Graduation Rate

31.8%

158 Graduates

About

Ferrum College is a higher education institution located in Franklin County, VA. In 2020, the most popular Bachelor's Degree concentrations at Ferrum College were Criminal Justice - Safety Studies (23 degrees awarded), Physical Education Teaching & Coaching (21 degrees), and General Agriculture (13 degrees).

In 2020, 182 degrees were awarded across all undergraduate and graduate programs at Ferrum College. 52.7% of these degrees were awarded to women, and 47.3% awarded men. The most common race/ethnicity group of degree recipients was white (120 degrees), 3.16 times more than then the next closest race/ethnicity group, black or african american (38 degrees).

The median undergraduate tuition at Ferrum College is $36,480, which is $8,080 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Ferrum College is $36,480, which is $8,080 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $23,344.

In 2020, 99% of undergraduate students attending Ferrum College received financial aid through grants. Comparatively, 82% of undergraduate students received financial aid through loans.

Tuition Costs

$36,480

2020 Undergraduate Tuition

In 2020, the cost of tuition at Ferrum College was $36,480. The cost of tuition at Ferrum College is $8,080 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

Average Net Price

$23,344

2020 Value

1.45%

1 Year Growth

In 2020 Ferrum College had an average net price — the price paid after factoring in grants and loans — of $23,344. Between 2019 and 2020, the average net price of Ferrum College grew by 1.45%.

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

$11,980

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Ferrum College was of $11,980 in 2020. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 0.884% between 2019 and 2020. 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

99%

Undergraduates Receiving Financial Aid through Grants

82%

Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Ferrum College received financial aid through grants or loans in 2020. This represents a growth of 0% with respect to 2019, 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.

13.4%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Ferrum College was 13.4%, which represents 72 out of the 538 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 3,206 undergraduate applications in 2020, which represents a 15% annual decline. Out of those 3,206 applicants, 2,431 students were accepted for enrollment, representing a 75.8% acceptance rate.

There were 972 students enrolled at Ferrum College in 2020, and 41% of first-time enrollees submitted SAT scores with their applications.

Ferrum College has an overall enrollment yield of 12.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

75.8%

Acceptance Rate in 2020

2,431

Accepted Out of 3,206

In 2020, the undergraduate acceptance rate of Ferrum College was 75.8% (2,431 admissions from 3,206 applications). This is higher than the acceptance rate of 2019, which was 73.2%. Between 2019 and 2020, the number of applicants declined by −15%, while admissions declined by −11.9%.

This chart compares the acceptance rate of Ferrum College (in red) with that of other similar universities.

SAT Scores

41%

Submission Percentage

120

Scores Submitted

41% of enrolled first-time students at Ferrum College in 2020 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 has a total enrollment of 972 students. The full-time enrollment at Ferrum College is 951 students and the part-time enrollment is 21. This means that 97.8% of students enrolled at Ferrum College are enrolled full-time.

The enrolled student population at Ferrum College, both undergraduate and graduate, is 50.6% White, 30.6% Black or African American, 7.3% Hispanic or Latino, 7% Two or More Races, 0.514% Asian, 0.309% Native Hawaiian or Other Pacific Islanders, and 0.309% American Indian or Alaska Native.

Students enrolled at Ferrum College in full-time Undergraduate programs are most commonly White Male (25.4%), followed by White Female (24.8%) and Black or African American Male (21.5%). Students enrolled in full-time Graduate programs are most commonly White Female (55.6%), followed by White Male (22.2%) and Hispanic or Latino Male (11.1%).

Full-Time vs Part-Time Enrollment

97.8%

Full-Time Enrollment

The total enrollment at Ferrum College, both undergraduate and graduate, is 972 students. The full-time enrollment at Ferrum College is 951 and the part-time enrollment is 21. This means that 97.8% of students enrolled at Ferrum College are enrolled full-time compared with 80.1% 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

56%

2020 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 56%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), 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

White
492
Black or African American
297
Hispanic or Latino
71

The enrolled student population at Ferrum College is 50.6% White, 30.6% Black or African American, 7.3% Hispanic or Latino, 7% Two or More Races, 0.514% Asian, 0.309% Native Hawaiian or Other Pacific Islanders, and 0.309% 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 54.8% White, 13.8% 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, 20 students (2.06%) did not report their race.

Graduates

In 2020, 10 more women than men received degrees from Ferrum College. The most common race/ethnicity group of degree recipients at Ferrum College is white (120 degrees awarded). There were 3.16 times more white graduates than the next closest race/ethnicity group, black or african american (38 degrees).

The most common Bachelor's Degree concentration at Ferrum College is Criminal Justice - Safety Studies (23 degrees awarded), followed by Physical Education Teaching & Coaching (21 degrees) and General Agriculture (13 degrees).

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 (12 degrees awarded), Agriculture (13 degrees), and Protective Services (23 degrees).

Common Jobs by Major

Social workers, all other

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 Social workers, all other (163,039 people), Police officers (135,345 people), Other managers (126,107 people), Elementary & middle school teachers (90,211 people), and Lawyers, & judges, magistrates, & other judicial workers (46,321 people).

The most specialized majors at Ferrum College are Natural Resources & Conservation (12 degrees awarded), Agriculture (13 degrees), Protective Services (23 degrees), Parks, Recreation, & Leisure (8 degrees), and Public Administration and Social Service (10 degrees).

Highest Paying Jobs by Major

Physicians

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 Physicians, Surgeons, Aircraft pilots & flight engineers, Nuclear medicine technologists and medical dosimetrists, and Nurse anesthetists

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 (338,330 people), Elementary & secondary schools (227,338 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (146,753 people), Colleges, universities & professional schools, including junior colleges (127,085 people), and Individual & family services (122,536 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

Criminal Justice - Safety Studies
23 degree-majorss awarded
Physical Education Teaching & Coaching
21 degree-majorss awarded
General Agriculture
13 degree-majorss 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 2020

Degrees Awarded to Women

in 2020

In 2020, 86 degrees were awarded to men at Ferrum College, which is 0.896 times less than the number of degrees awarded to females (96).

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

Most Common Male Majors

In 2020, 14 degrees were awarded to men at Ferrum College in Physical Education Teaching & Coaching, which is 2 times more than the 7 female recipients with that same degree.

Most Common Female Majors

In 2020, 12 degrees were awarded to women at Ferrum College in General Agriculture, which is 12 times more than the 1 male recipients with that same degree.

Time to Complete

17%

100% Completion Time

27%

150% Completion Time

In 2020, 17% of students graduating from Ferrum College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 27% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Ferrum College is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 0.633% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
120 degrees awarded
Black or African American
38 degrees awarded
Two or More Races
9 degrees awarded

The most common race/ethnicity at Ferrum College is white (120 degrees awarded). There were 3.16 times more white recipients than the next closest race/ethnicity group, black or african american (38 degrees).

2.75% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
62 degrees awarded
White Male
58 degrees awarded
Black or African American Female
20 degrees awarded

The most common race/ethnicity and sex grouping at Ferrum College is white female (62 degrees awarded). There were 1.07 times more white female recipients than the next closest race/ethnicity group, white male (58 degrees).

Operations

Ferrum College has an endowment valued at nearly $52.4M, as of the end of the 2020 fiscal year. The return on its endowment was of $2.1M (4.01%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Ferrum College had a total salary expenditure of $29.8M. Ferrum College employs 25 Assistant professors, 23 Associate professors, and 8 Professors. Most academics at Ferrum College are Female Assistant professors (13), Male Associate professors(12), and Male Assistant professors (12).

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 41 employees, and Service with 24 employees.

Endowment

$52.4M

2020 Endowment

2.57%

decline from 2019

Ferrum College has an endowment valued at about $52.4M, as of the end of the 2020 fiscal year. The endowment of Ferrum College declined 2.57% from the previous year. The value of their endowment was $12.5M 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

$618k - Federal
$5.48k - State
$9.31k - Local

As of 2020, Ferrum College received $618k in grants and contracts from the federal government, $5.48k from state grants and contracts, and $9.31k from local grants and contracts.

Salary Expenditure

$12.7M

2020 Salaries

12.2%

decline from 2019

In 2020, Ferrum College paid a median of $12.7M in salaries, which represents 42.6% of their overall expenditure ($29.8M) and a 12.2% decline from the previous year. This is compared to a 2.22% decline from 2018 and a 0.489% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

Instructional Salaries

$3.05M

Instructional Salaries

Number of Employees

In 2020, Ferrum College paid a total of $3.05M to 60 employees working as instructors, which represents 24.1% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

25 Employees

Management

Most Common Non-Instructional Employee

42 Employees

In 2020, the most common positions for instructional staff at Ferrum College were Assistant professor with 25 employees; Associate professor with 23 employees; and Associate professor with 8 employees.

In 2020, 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 41 employees; and Service with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Female Assistant professor
Male Associate professor
Male Assistant professor

In 2020, the most common demographic for instructional staff at Ferrum College was Female Assistant professor with 13 employees, Male Associate professor with 12 employees, and Male Assistant professor with 12 employees.

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