Ferrum College
Ferrum, VA 24088-9000 — Private Nonprofit
Value Score: 60/100 | ROI Score: -61 | Affordability Score: 55/100
Tuition (In-State): $28,520 | Out-of-State: $28,520
Acceptance Rate: 89.0% | Graduation Rate: 30.5% | Retention Rate: 64.1%
Median Earnings (10yr): $44,296 | Median Debt: $27,000
ACT Midpoint: 21
Student Body Size: 699 (small)
Pell Grant Recipients: 54.3% | Federal Loan Rate: 85.4%
Average Faculty Salary: $5,763/month
Tuition & Affordability Analysis
In-state tuition at Ferrum College is $28,520 per year, which is 28% below the national average for private institutions.
Out-of-state students pay $28,520/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $114,080 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Ferrum College:
- Families earning $0–$30,000: $16,940/year
- Families earning $30,001–$48,000: $16,493/year
- Families earning $48,001–$75,000: $19,967/year
- Families earning $75,001–$110,000: $22,505/year
- Families earning $110,000+: $24,346/year
Low-income families receive an average discount of $11,580/year, paying just 59% of the sticker price.
Admissions Snapshot
Ferrum College has an acceptance rate of 89.0%, placing it in the Open Admission (85%+) category. This means roughly 196 students apply each year.
Ferrum College accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
The ACT midpoint is 21, near the national average.
Graduate Outcomes & Return on Investment
30.5% of students at Ferrum College complete their degree, 51% below the national average. This low graduation rate is a significant concern that prospective students should weigh carefully.
First-year retention rate: 64.1% (21% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.
Graduates of Ferrum College earn a median salary of $44,296 ten years after enrollment, 8% above the national average. This represents a $9,296/year earnings premium over the average high school diploma holder, or $278,880 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $27,000, 26% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $293/month, with a total repayment of $35,160 (including $8,160 in interest).
Debt-to-Earnings Ratio: 0.61x. This is a healthy ratio, suggesting debt is manageable for most graduates.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Ferrum College pays for itself in approximately 13 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.
Financial Aid Profile
54.3% of students at Ferrum College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 64% above the national average. This high Pell rate indicates the school serves a large proportion of lower-income students and likely has strong need-based aid programs.
85.4% of students take federal loans, 82% above the national average. This high borrowing rate means most students need loans to attend. Factor loan payments into your decision carefully.
Average faculty salary: $5,763/month, 34% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Ferrum College enrolls 699 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 71/100 (higher = more diverse). Ferrum College has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 49%, Hispanic 6%, Black 21%, Asian 1%.
Ferrum College: Accessible but with Concerns on Graduation and Earnings
- Ferrum College: A Rural Retreat with Regional Career Reach?
- Unlocking Your Potential: Ferrum College's Path to Post-Graduation Success
- Value Check: Is Ferrum College's Investment Worth the Return?
Report Card: Overall Grade D
Ferrum College receives an overall grade of D based on six dimensions:
- Academics: D
- Value: F
- Outcomes: C
- Affordability: B+
College Analysis
Ferrum College is a Private Nonprofit institution in Ferrum, VA with approximately 699 students. Ferrum College has a high admission rate, indicating it may be more accessible compared to some peer institutions. The college's graduation rate is below the national average, which could be a concern for prospective students. Median earnings 10 years after graduation are below the national average, suggesting potential challenges in career outcomes.
The Verdict: Is Ferrum College Worth It?
Ferrum College presents a challenging value proposition, with a median 10-year earnings of $44,296 significantly lower than its total cost of attendance and a median debt of $27,000. The ROI score of -61 underscores this concern. With an in-state and out-of-state tuition of $28,520, a four-year degree would cost approximately $114,080 before room, board, and fees. If a graduate earns the median salary, it would take roughly 15 years to repay the median debt of $27,000, assuming no interest and dedicating a substantial portion of their income. This timeline is extended when considering the total cost of education. While the college offers a unique rural experience and potentially strong community ties, the financial return on investment appears to be a significant hurdle. For students who are not pursuing high-demand, high-earning fields or who do not secure substantial scholarships or financial aid, Ferrum College may not be the most financially prudent choice. It is a hidden gem only if significant aid is secured, otherwise, it is overpriced for the typical career outcomes.
Return on Investment
While the degree is affordable and offers low debt, the low graduation and earnings rates suggest that the return on investment may not be as strong as at other institutions.
Debt Reality Check
Median student debt at Ferrum College: $27,000. Monthly payment on a standard 10-year plan: $307/month. Total repaid: $36,840 ($9,840 in interest).
Breakeven vs high school diploma: 1.9 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.
Strengths
- Diverse student body
- Affordable tuition
- Low median debt
Weaknesses
- Below-average graduation rate
- Below-average earnings 10 years after graduation
- High admission rate
Academic Profile
ACT Midpoint: 21. Retention Rate: 64.1%.
Ferrum College provides a liberal arts education with a strong emphasis on experiential learning and personalized attention, a hallmark of its private, smaller-scale identity. While specific faculty salary data is unavailable, the low student-faculty ratio (implied by the small student body) suggests that students benefit from direct interaction with professors. Notable academic strengths often lie in programs that leverage the college's location and mission, such as Environmental Science, which offers opportunities for fieldwork in the surrounding Appalachian region, and programs within the School of Arts and Sciences, including Criminal Justice and Psychology. The School of Health Sciences is also a growing area of focus. Research opportunities, while perhaps not as extensive as at larger institutions, are accessible to undergraduates, often integrated into coursework or through faculty-mentored projects. The Honors Program offers a more rigorous academic path for high-achieving students, providing enriched coursework and opportunities for independent study. Ferrum also encourages study abroad experiences, broadening students' perspectives. Academic support is a priority, with resources like the Academic Success Center offering tutoring, academic advising, and workshops to help students navigate their studies and develop effective learning strategies. The college's commitment to a holistic education means that academic rigor is balanced with opportunities for personal and professional growth.
Financial Aid Guide for Ferrum College
Pell Grant recipients: 54.3%. Students taking federal loans: 85.4%.
Ferrum College aims to make its private education accessible through a combination of financial aid options. For the incoming class, a significant portion of students will likely receive some form of aid. Merit-based scholarships are available and are often awarded automatically based on academic achievement (GPA and, if submitted, test scores) at the time of admission. These can range from a few thousand dollars to a substantial portion of tuition. Need-based aid, determined by the FAFSA, is also crucial. Families with demonstrated financial need can expect grants and institutional aid to help cover costs. Given the sticker price of $28,520, it's reasonable to infer that a typical aid package for a student with moderate to high need might include a mix of institutional grants, federal Pell Grants (if eligible), and potentially federal loans. Work-study opportunities are also offered, providing students with on-campus employment to earn money towards their educational expenses. While specific dollar figures for aid packages vary widely based on individual circumstances, students from families with incomes below $50,000 might see aid packages that significantly reduce the net cost of attendance. For those with higher incomes, merit scholarships become more critical. Negotiating financial aid at a school of Ferrum's size and selectivity is generally less common than at highly competitive institutions, but it's always worth a conversation with the financial aid office if there are extenuating circumstances or significant changes in family finances. The key is to complete the FAFSA accurately and on time, and to explore any specific scholarships Ferrum offers.
Hidden Costs at Ferrum College
- Room and board costs can add an estimated $10,000 to $12,000 annually, depending on the chosen meal plan and housing assignment.
- Textbooks and course materials can easily cost between $800 and $1,200 per academic year.
- Student activity fees, often around $200-$300 per semester, cover various campus events and organizations.
- Transportation costs, especially for students who need to travel home frequently or rely on personal vehicles, can range from $500 to $2,000 annually.
- Parking permits for students with cars on campus typically cost between $100 and $200 per year.
- Personal expenses, including toiletries, laundry, entertainment, and snacks, can add up to $1,500 to $2,500 per year.
- Health insurance, if not covered by a parent's plan, can be an additional cost, potentially ranging from $2,000 to $4,000 annually.
Alumni Outcomes & Career Paths
Ferrum College graduates enter a diverse job market, though specific employer data and detailed career path breakdowns are not readily available in public databases. However, given its location and size, alumni often find opportunities within regional businesses and organizations. Common industries for graduates likely include education, healthcare, business administration, and agriculture, reflecting the college's program strengths and the economic landscape of Southwest Virginia. While specific major employer recruitment lists are not published, it's reasonable to assume that local healthcare systems like Carilion Clinic, regional school districts, and agricultural businesses in the surrounding Franklin County and beyond are potential hiring grounds. For those pursuing further education, graduate school placement rates are not explicitly detailed, but programs in fields like education and psychology may see graduates continue their studies at institutions like Radford University or Virginia Tech. Career services at Ferrum College aim to support students through resume building, interview preparation, and connecting them with internship and job opportunities. The college emphasizes experiential learning, suggesting a focus on internships as a pipeline to employment. Geographic hiring patterns tend to concentrate within a 100-mile radius of Ferrum, with a significant portion of alumni remaining in Virginia, particularly in the Roanoke and Lynchburg metropolitan areas, and some extending into North Carolina. Notable alumni are not widely publicized, but the college likely boasts successful graduates in community leadership, education, and local business sectors.
Campus Life & Culture at Ferrum College
Ferrum College attracts a student body that values community and a personalized educational experience, often drawn from Virginia and surrounding states. Students who thrive here are typically engaged, community-minded individuals who appreciate a smaller campus setting and direct faculty interaction. The college fosters an environment where students can develop strong relationships and make a tangible impact.
Ferrum College offers a close-knit, community-focused campus experience, deeply rooted in its Appalachian setting. With an enrollment of under 700 students, the vibe is decidedly personal, fostering strong relationships among students and with faculty. The campus itself is picturesque, nestled in the Blue Ridge Mountains, providing a serene backdrop for academic and social life. Residential life is a cornerstone, with most students living on campus in various residence halls, ranging from traditional dorms to apartment-style living for upperclassmen. The dining hall, known as The Commons, serves as a central hub for meals and informal gatherings. Student organizations are plentiful, covering a wide array of interests from academic clubs and service groups to recreational activities. The Student Government Association plays a significant role in shaping campus life and advocating for student needs. While Greek life is not a dominant force, there are active chapters that contribute to the social fabric. Athletics are a major part of the Ferrum identity, with the Panthers competing in NCAA Division III. Sports like football, wrestling, and basketball draw significant student support, creating a spirited atmosphere during games. Traditions are cherished, such as the annual 'Homecoming' celebration, which brings alumni back to campus, and 'Founder's Day,' honoring the college's history. The overall atmosphere is one of camaraderie and shared experience, where students are encouraged to get involved and make their mark on a smaller, more intimate campus.
Campus Highlights
- The stunning natural beauty of the Blue Ridge Mountains providing an unparalleled backdrop for outdoor activities and study.
- A strong emphasis on community and close relationships between students and faculty, fostering a supportive learning environment.
- The vibrant NCAA Division III athletics program, particularly its successful wrestling and football teams, which are a significant source of school spirit.
- The 'Ferrum Experience' which integrates academics, service, and personal development, preparing students for life beyond college.
- Opportunities for hands-on learning and research, especially in environmental science, leveraging the unique Appalachian setting.
- A commitment to affordability and accessibility, with a significant portion of students receiving financial aid.
- The tight-knit student body, where getting involved in clubs, organizations, and campus events is highly encouraged and impactful.
Location & Regional Advantages
Ferrum College's location in Ferrum, VA, offers a unique set of regional advantages and challenges. Situated in Franklin County, it provides a rural setting that fosters a close-knit campus community and a potentially lower cost of living compared to major metropolitan areas. The immediate job market in Ferrum and surrounding towns is modest, with opportunities primarily in local government, education, and small businesses. However, the college's proximity to the Roanoke metropolitan area (approximately 45 minutes away) is a significant advantage, offering access to a larger job market with employers like Carilion Clinic, Wells Fargo, and various manufacturing firms. This proximity also provides access to a more diverse range of industries, including healthcare, finance, and advanced manufacturing. The Blue Ridge Mountains provide a backdrop for a high quality of life, with abundant outdoor recreational activities like hiking and fishing, appealing to students who value nature and a slower pace of life. The weather is typical of the Appalachian region, with four distinct seasons. Safety is generally high in this rural area. While the immediate job market is limited, the connection to Roanoke and the broader Virginia economy, coupled with the appeal of a scenic and affordable lifestyle, can be attractive for students seeking a focused academic experience with regional career prospects.
How to Get Into Ferrum College
Ferrum College, with an admission rate of 89.0%, is a school that values a holistic review process, looking beyond just grades and test scores. While SAT/ACT scores are not a primary focus (indicated by N/A data), a strong academic record in high school, demonstrated through GPA and course rigor, is important. The admissions committee seeks students who will thrive in a close-knit, community-oriented environment and who are eager to engage in campus life. Your application essay is a key opportunity to showcase your personality, your motivations for choosing Ferrum, and how you envision contributing to the campus community. Highlighting experiences that demonstrate leadership, service, or resilience can be particularly effective. Demonstrated interest, while not explicitly stated as a policy, is always beneficial; this can include attending virtual or in-person information sessions, visiting campus (highly recommended if possible), and engaging with admissions counselors. Early Action (EA) or Early Decision (ED) are not typically offered by schools with this admission rate, so focus on meeting the regular application deadlines, usually in the late spring or early summer, to ensure your application is considered for all available aid and scholarships. The goal is to present yourself as a well-rounded individual who is a good fit for Ferrum's specific culture and academic offerings.
How Ferrum College Compares to Similar Schools
Similar schools: Radford University, Emory & Henry College, Roanoke College, Bluefield University
Advantages
- Strong sense of community and personalized attention due to smaller size
- Unique rural setting and access to outdoor recreation
- Potentially more affordable cost of living in the immediate surrounding area compared to larger cities
Disadvantages
- Lower median graduate earnings compared to many peers
- Limited immediate local job market requiring reliance on regional hubs like Roanoke
- Lower graduation rate suggests potential challenges with student retention or academic support
Best For
- Students seeking high-earning opportunities may want to consider other institutions with better job placement rates.
- Prospective students interested in high graduation rates might look elsewhere.
- Students aiming for high debt upon graduation should consider other options.
Avoid If
- Students looking for a high-earning career path may want to explore other colleges with better job placement rates.
- Prospective students with a focus on high graduation rates should consider more competitive institutions.
Frequently Asked Questions about Ferrum College
How much does it cost to attend Ferrum College?
In-state tuition at Ferrum College is $28,520 per year, and out-of-state tuition is $28,520 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Ferrum College?
Ferrum College has an acceptance rate of 89.0%.
What is the graduation rate at Ferrum College?
Ferrum College has a graduation rate of 30.5%.
How much do Ferrum College graduates earn?
The median earnings for Ferrum College graduates 10 years after enrollment is $44,296. With median debt of $27,000, graduates earn roughly 1.6x their debt level annually.
How big is Ferrum College?
Ferrum College has approximately 699 students and is classified as a small institution. It is located in Ferrum, VA and is a Private Nonprofit institution.
Is Ferrum College worth the cost?
Ferrum College has an ROI score of -61 out of 100. With in-state tuition of $28,520 per year and median post-graduation earnings of $44,296, the data suggests the return on investment may be below average.
Where is Ferrum College located?
Ferrum College is located in Ferrum, VA. It is a Private Nonprofit institution with approximately 699 students.
How much student debt do Ferrum College graduates have?
The median student debt for Ferrum College graduates is $27,000. With median earnings of $44,296 ten years after enrollment, graduates can expect a debt-to-income ratio of 61%.
Is Ferrum College a good college?
Ferrum College has a graduation rate of 30.5% and median post-graduation earnings of $44,296. Ferrum College has a diverse student body with a significant proportion of white students.
How does Ferrum College compare to similar colleges?
The college offers in-state and out-of-state tuition at the same rate, making it more affordable for out-of-state students. Compared to peer institutions, Ferrum College offers a more affordable education with lower debt, but has lower graduation and earnings rates.
What career prospects do Ferrum College graduates have?
Graduates of Ferrum College may find opportunities in local industries, particularly in small-town settings.
What should prospective students know about Ferrum College?
Ferrum College is well-positioned in the Virginia market, offering a small, affordable, and accessible education.
What makes Ferrum College stand out?
The median debt upon graduation is relatively low, which could be a positive for students.
What are the pros and cons of attending Ferrum College?
The college's location in Ferrum, VA, provides a small-town atmosphere for students.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.