Ferrum College (232089)

www.ferrum.edu

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2022 Undergraduate Tuition

$37,400

2.52% growth from 2021

2022 Average Net Price

$25,558

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

84.3%

1,452 Applicants

2022 Enrolled Students

855

89.5% Full-Time

2022 Graduation Rate

28.2%

127 Graduates

About

Ferrum College (232089) is a higher education institution located in Franklin County, VA. In 2022, the most popular Bachelors Degree concentrations at Ferrum College (232089) were Other Health Preparatory Programs (26 degrees awarded), Physical Education Teaching & Coaching (17 degrees), and General Biological Sciences (13 degrees).

In 2022, 170 degrees were awarded across all undergraduate and graduate programs at Ferrum College (232089). 60% of these degrees were awarded to women, and 40% awarded men. The most common race/ethnicity group of degree recipients was white (104 degrees), 2.67 times more than then the next closest race/ethnicity group, black or african american (39 degrees).

The median undergraduate tuition at Ferrum College (232089) is $37,400, which is $9,070 more than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at Ferrum College (232089) was 0%, corresponding to 0 out of the 419 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Ferrum College (232089) is $37,400, which is $9,070 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $25,558.

In 2022, 99% of undergraduate students attending Ferrum College (232089) received financial aid through grants. Comparatively, 79% of undergraduate students received financial aid through loans.

Tuition Costs

$37,400

2022 Undergraduate Tuition

In 2022, the cost of tuition at Ferrum College (232089) was $37,400. The cost of tuition at Ferrum College (232089) is $9,070 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

This chart compares the tuition costs of Ferrum College (232089) (in red) with those of other similar universities.

Average Net Price

$25,558

2022 Value

14.7%

1 Year Growth

In 2022 Ferrum College (232089) had an average net price — the price paid after factoring in grants and loans — of $25,558. Between 2021 and 2022, the average net price of Ferrum College (232089) grew by 14.7%.

This chart compares the average net price of Ferrum College (232089) (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 (232089) was of $12,400 in 2022. The cost of room and board did not change between 2021 and 2022.

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 (232089) (in red) with that of similar universities.

Financial Aid by Income Level

99%

Undergraduates Receiving Financial Aid through Grants

79%

Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Ferrum College (232089) received financial aid through grants or loans in 2022. This represents a growth of 1.02% with respect to 2021, when 98% of undergraduate students received financial aid.

This chart compares the average award discount at Ferrum College (232089) (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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Ferrum College (232089) was 0%, which represents 0 out of the 419 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 (232089) received 1,452 undergraduate applications in 2022, which represents a 13.1% annual growth. Out of those 1,452 applicants, 1,224 students were accepted for enrollment, representing a 84.3% acceptance rate.

There were 855 students enrolled at Ferrum College (232089) in 2022. 12% of first-time enrollees submitted SAT scores with their applications.

Ferrum College (232089) has an overall enrollment yield of 19.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

84.3%

Acceptance Rate in 2022

1,224

Accepted Out of 1,452

In 2022, the undergraduate acceptance rate of Ferrum College (232089) was 84.3% (1,224 admissions from 1,452 applications). This is higher than the acceptance rate of 2021, which was 76.4%. Between 2021 and 2022, the number of applicants declined by 13.1%, while admissions declined by 4.15%.

This chart compares the acceptance rate of Ferrum College (232089) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

12%

Submission Percentage (2022)

Scores Submitted (2022)

12% of enrolled first-time students at Ferrum College (232089) in 2022 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 (232089) had a total enrollment of 855 students in 2022. The full-time enrollment at Ferrum College (232089) is 765 students and the part-time enrollment is 90. This means that 89.5% of students enrolled at Ferrum College (232089) are enrolled full-time.

The enrolled student population at Ferrum College (232089), both undergraduate and graduate, is 49.7% White, 18.7% Black or African American, 6.43% Hispanic or Latino, 4.91% Two or More Races, 0.585% Asian, and 0.351% American Indian or Alaska Native.

Students enrolled at Ferrum College (232089) in full-time Undergraduate programs are most commonly White Female (25.6%), followed by White Male (23.3%) and Black or African American Male (14.3%). Students enrolled in full-time Graduate programs are most commonly White Female (36.4%), followed by Black or African American Male (27.3%) and Black or African American Female (9.09%).

Full-Time vs Part-Time Enrollment

89.5%

Full-Time Enrollment

The total enrollment at Ferrum College (232089) in 2022, both undergraduate and graduate, is 855 students. The full-time enrollment at Ferrum College (232089) is 765 and the part-time enrollment is 90. This means that 89.5% of students enrolled at Ferrum College (232089) are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Ferrum College (232089) (in red) compares to similar universities.

Retention Rate over Time

58%

2022 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 (232089) was 58%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Ferrum College (232089) had a retention rate lower than its peers.

This chart shows the retention rate over time at Ferrum College (232089) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
425 enrolled students
Black or African American
160 enrolled students
Hispanic or Latino
55 enrolled students

The enrolled student population at Ferrum College (232089) is 49.7% White, 18.7% Black or African American, 6.43% Hispanic or Latino, 4.91% Two or More Races, 0.585% Asian, and 0.351% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% 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, 147 students (17.2%) did not report their race.

Graduates

In 2022, 34 more women than men received degrees from Ferrum College (232089). The most common race/ethnicity group of degree recipients at Ferrum College (232089) is white (104 degrees awarded). There were 2.67 times more white recipients than the next closest race/ethnicity group, black or african american (39 degrees).

The most common Bachelor's Degree concentration at Ferrum College (232089) is Other Health Preparatory Programs (26 degrees awarded), followed by Physical Education Teaching & Coaching (17 degrees) and General Biological Sciences (13 degrees).

In 2022, the most specialized majors across all degree types at Ferrum College (232089), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (5 degrees awarded), Parks, Recreation, & Leisure (9 degrees), and Protective Services (13 degrees).

Common Jobs by Major

Physicians

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Ferrum College (232089) are Physicians (411,011 people), Other managers (227,999 people), Social workers, all other (186,950 people), Elementary & middle school teachers (180,839 people), and Lawyers, & judges, magistrates, & other judicial workers (164,318 people).

The most specialized majors at Ferrum College (232089) in 2022 are History (5 degrees awarded), Parks, Recreation, & Leisure (9 degrees), Protective Services (13 degrees), Biology (13 degrees), and Public Administration and Social Service (7 degrees) (as of 2022).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Ferrum College (232089) are Diagnostic medical sonographers, Surgeons, Physicians, Cardiovascular technologists and technicians, and Magnetic resonance imaging technologists

The most specialized majors at Ferrum College (232089) are History (5 degrees awarded), Parks, Recreation, & Leisure (9 degrees), Protective Services (13 degrees), Biology (13 degrees), and Public Administration and Social Service (7 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Ferrum College (232089) are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (586,763 people), Elementary & secondary schools (480,244 people), Colleges, universities & professional schools, including junior colleges (408,400 people), Justice, public order, & safety activities (401,026 people), and Offices of physicians (217,978 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 (232089).

Most Common (2022)

Other Health Preparatory Programs
26 degrees awarded
Physical Education Teaching & Coaching
17 degrees awarded
General Biological Sciences
13 degrees awarded

In 2022, the most common bachelors degree concentration at Ferrum College (232089) was Other Health Preparatory Programs with 26 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Ferrum College (232089) according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

102

Degrees Awarded to Women

in 2022

In 2022, 68 degrees were awarded to men at Ferrum College (232089), which is 0.667 times less than the number of degrees awarded to females (102).

This chart displays the sex disparity between the top 5 majors at Ferrum College (232089) by degrees awarded.

Most Common Male Majors

In 2022, 12 degrees were awarded to men at Ferrum College (232089) in Physical Education Teaching & Coaching, which is 2.4 times more than the 5 female recipients with that same degree.

Most Common Female Majors

In 2022, 21 degrees were awarded to men at Ferrum College (232089) in Other Health Preparatory Programs, which is 4.2 times more than the 5 male recipients with that same degree.

Time to Complete

19%

100% Completion Time

32%

150% Completion Time

In 2022, 19% of students graduating from Ferrum College (232089) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 32% completed their degrees within 150% of the normal time, and 32% 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.

White Female

Highest Graduation Rate (56%)

The student demographic with the highest graduation rate in 2022 at Ferrum College (232089) is Female and White (56% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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 (2022)

White
104 degrees awarded
Black or African American
39 degrees awarded
Two or More Races
11 degrees awarded

The most common race/ethnicity at Ferrum College (232089) is white (104 degrees awarded). There were 2.67 times more white recipients than the next closest race/ethnicity group, black or african american (39 degrees).

0.588% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
68 degrees awarded
White Male
36 degrees awarded
Black or African American Female
20 degrees awarded

The most common race/ethnicity and sex grouping at Ferrum College (232089) is white female (68 degrees awarded). There were 1.89 times more white female recipients than the next closest race/ethnicity group, white male (36 degrees).

Operations

Ferrum College (232089) has an endowment valued at nearly $58.2M, as of the end of the 2022 fiscal year. The return on its endowment was of −8.09M (−13.9%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Ferrum College (232089) had a total salary expenditure of 32.5M. Ferrum College (232089) employs 30 Assistant professors, 21 Associate professors and 5 Instructors. Most academics at Ferrum College (232089) are Male Assistant professor (15), Female Assistant professor (15), and Male Associate professor (13).

The most common positions for non-instructional staff at Ferrum College (232089) are: Management, with 41 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 37 employees, and Service with 34 employees.

Endowment

$58.2M

2022 Endowment

12.1%

decline from 2021

Ferrum College (232089) has an endowment valued at about $58.2M, as of the end of the 2022 fiscal year. The endowment of Ferrum College (232089) declined 12.1% from the previous year. The value of their endowment was $8.96M 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 (232089) (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

$6.97M - Federal
$7.15k - State
$13.5k - Local

As of 2022, Ferrum College (232089) received $6.97M in grants and contracts from the federal government, $7.15k from state grants and contracts, and $13.5k from local grants and contracts.

Salary Expenditure

$11.8M

2022 Salaries

0.856%

growth from 2021

In 2022, Ferrum College (232089) paid a median of $11.8M in salaries, which represents 36.4% of their overall expenditure ($32.5M) and a 0.856% growth from the previous year. This is compared to a 7.47% decline between 2020 and 2021, and a 12.2% decline between 2019 and 2020.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$2.9M

Instructional Salaries

Number of Employees

In 2022, Ferrum College (232089) paid a total of $2.9M to 62 employees working as instructors, which represents 24.5% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

30 Employees

Management

Most Common Non-Instructional Employee

41 Employees

In 2022, the most common positions for instructional staff at Ferrum College (232089) were Assistant professor with 30 employees, Associate professor with 21 employees, and Instructor with 5 employees.

In 2022, the most common positions for non-instructional staff at Ferrum College (232089) were Management with 41 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 37 employees, and Service with 34 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Assistant professor
Female Assistant professor
Male Associate professor

In 2022, the most common demographic for instructional staff at Ferrum College (232089) was Male Assistant professor with 15 employees, Female Assistant professor with 15 employees, and Male Associate professor with 13 employees.

This chart shows the sex split between each academic rank present at Ferrum College (232089).

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