CollegeTuitionData — College Data in Plain English

Furman University

Greenville, SC 29613-6162 — Private Nonprofit

Value Score: 75/100 | ROI Score: -71 | Affordability Score: 35/100

Tuition (In-State): $59,770 | Out-of-State: $59,770

Acceptance Rate: 43.0% | Graduation Rate: 80.1% | Retention Rate: 90.6%

Median Earnings (10yr): $68,635 | Median Debt: $23,250

SAT Average: 1371 | ACT Midpoint: 31

Student Body Size: 2,379 (medium)

Pell Grant Recipients: 13.2% | Federal Loan Rate: 27.8%

Average Faculty Salary: $10,399/month

Tuition & Affordability Analysis

In-state tuition at Furman University is $59,770 per year, which is 52% above the national average for private institutions.

Out-of-state students pay $59,770/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: $239,080 (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 Furman University:

  • Families earning $0–$30,000: $16,401/year
  • Families earning $30,001–$48,000: $17,290/year
  • Families earning $48,001–$75,000: $21,041/year
  • Families earning $75,001–$110,000: $27,736/year
  • Families earning $110,000+: $39,310/year

Low-income families receive an average discount of $43,369/year, paying just 27% of the sticker price.

Admissions Snapshot

Furman University has an acceptance rate of 43.0%, placing it in the Selective (35–50%) category. This means roughly 1,385 students apply each year.

The average SAT score of admitted students is 1371, 29% above the national average. This reflects a strong academic student body.

The ACT midpoint is 31, 48% above the national average.

Graduate Outcomes & Return on Investment

80.1% of students at Furman University complete their degree, 29% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.

First-year retention rate: 90.6% (12% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.

Graduates of Furman University earn a median salary of $68,635 ten years after enrollment, 68% above the national average. This represents a $33,635/year earnings premium over the average high school diploma holder, or $1,009,050 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $23,250, 8% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $252/month, with a total repayment of $30,240 (including $6,990 in interest).

Debt-to-Earnings Ratio: 0.34x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Furman University pays for itself in approximately 8 years. This is a reasonable investment timeline.

Financial Aid Profile

13.2% of students at Furman University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 60% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.

27.8% of students take federal loans, 41% below the national average. A low loan rate suggests strong institutional aid or a wealthier student body that doesn't need to borrow.

Average faculty salary: $10,399/month, 19% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Furman University enrolls 2,379 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 46/100 (higher = more diverse). The student body is less diverse than average.

Student body composition: White 73%, Hispanic 7%, Black 6%, Asian 3%.

Furman University: Strong Academic Outcomes and High Earnings Potential

Report Card: Overall Grade C-

Furman University receives an overall grade of C- based on six dimensions:

  • Academics: B+
  • Value: F
  • Outcomes: B+
  • Affordability: D

College Analysis

Furman University is a Private Nonprofit institution in Greenville, SC with approximately 2,379 students. Furman University has a strong graduation rate and high median earnings, indicating good academic and career outcomes. The university offers a medium-sized campus with a diverse student body, including a significant proportion of Asian students. Furman University has a relatively high tuition rate, but the median earnings after 10 years are significantly higher, suggesting a good ROI. The university's affordability score is low, indicating that it may not be the most cost-effective option for all students.

The Verdict: Is Furman University Worth It?

Furman University presents a complex value proposition. With an out-of-state tuition of $59,770 and a median 10-year earnings of $68,635, the immediate return on investment appears modest, with earnings only slightly exceeding the annual tuition cost. The median debt of $23,250 is relatively manageable, suggesting that graduates who secure employment in higher-paying fields can likely pay off their loans within 3-5 years. However, the ROI score of -71 indicates a significant long-term financial deficit compared to national averages, suggesting that the sticker price may outpace the average graduate's earning potential over time. While Furman offers a high-quality private education and strong career services, the high tuition cost, coupled with moderate median earnings, makes it a financially challenging investment for many. It's not an outright bad deal, but it's certainly not a hidden gem. Graduates need to be strategic in their major choice and career path to ensure a strong financial outcome. For students who can secure significant scholarships or grants, or who are targeting high-earning professions, Furman can be a worthwhile investment. Otherwise, prospective students should carefully weigh the cost against potential future earnings.

Return on Investment

While the degree from Furman University is valuable, the high tuition rate may not make it the most cost-effective option for all students.

Debt Reality Check

Median student debt at Furman University: $23,250. Monthly payment on a standard 10-year plan: $264/month. Total repaid: $31,680 ($8,430 in interest).

Breakeven vs high school diploma: 0.6 years. Debt burden: Low. Salary needed for comfortable repayment: $31,680.

Strengths

  • Strong academic outcomes and high earnings potential
  • Diverse student body with a significant proportion of Asian students

Weaknesses

  • High tuition rate
  • Low affordability score

Academic Profile

SAT Average: 1371. ACT Midpoint: 31. Retention Rate: 90.6%.

Furman University is renowned for its rigorous liberal arts and sciences curriculum, with a particular emphasis on undergraduate research and personalized faculty interaction. The student-faculty ratio, while not explicitly provided, is typically low at institutions of this size and type, suggesting ample opportunity for mentorship. Notable departments include its highly-regarded Business and Accounting programs, strong offerings in the Sciences (Biology, Chemistry, Environmental Science), and a robust English department. The innovative "May Experience" offers intensive, one-credit courses during May, often involving travel or unique research projects, providing students with immersive learning opportunities. Furman's commitment to undergraduate research is evident through its numerous research programs and the expectation that students engage in scholarly work. The Office of Undergraduate Research and the dedicated faculty actively support students in pursuing these opportunities. Study abroad is also a significant component of the Furman experience, with a wide array of programs available globally. Academic support is robust, with the Center for Academic Success offering tutoring, writing support, and academic advising to ensure students can thrive in Furman's challenging academic environment.

Financial Aid Guide for Furman University

Pell Grant recipients: 13.2%. Students taking federal loans: 27.8%.

Furman University is committed to making its distinctive education accessible through a combination of merit-based and need-based financial aid. For the incoming class, the average financial aid package often includes a significant portion of grants and scholarships, reducing the net cost considerably. While specific dollar figures for aid packages vary widely based on individual need and academic merit, students can expect that Furman actively seeks to meet a substantial portion of demonstrated need. Merit scholarships are highly competitive and are awarded based on academic achievement, leadership, and potential. Need-based aid is determined through the FAFSA and CSS Profile. Work-study opportunities are also available, providing students with on-campus employment to help cover living expenses. For families with an annual income below $60,000, Furman aims to provide aid that covers at least full tuition, room, and board, though this is not a guaranteed promise and depends on individual circumstances. For families with higher incomes, merit scholarships can play a larger role in reducing costs. Negotiating financial aid at Furman is generally not as common or as fruitful as at some larger, more research-intensive universities, as their aid philosophy is often tied to established formulas for need and merit. It's crucial for applicants to submit all financial aid forms by the deadlines to be considered for the full range of aid available.

Hidden Costs at Furman University

  • Room and board costs can range from $15,000 to $17,000 annually, depending on the chosen meal plan and housing assignment.
  • Textbooks and course materials can easily add $1,000 to $1,500 per academic year.
  • Student activity fees, technology fees, and other miscellaneous campus fees can total around $500 to $800 per year.
  • Personal expenses, including toiletries, laundry, entertainment, and snacks, can amount to $2,000 to $3,000 annually.
  • Transportation costs, especially for students traveling home or taking trips, can vary significantly but budget at least $500-$1,000 annually.
  • Parking permits for students who bring cars to campus can cost upwards of $200 per year.
  • Health insurance, if not covered by a parent's plan, can add another $2,000 to $4,000 annually.

Alumni Outcomes & Career Paths

Furman University graduates are positioned for success across a range of industries, with a notable presence in finance, consulting, and healthcare. Major employers actively recruiting from Furman include companies like Bank of America, Wells Fargo, Deloitte, and EY, particularly for business and economics majors. The healthcare sector also attracts Furman alumni, with institutions such as Prisma Health (located in Greenville) and larger hospital systems in the Southeast frequently hiring graduates in pre-med, biology, and health sciences fields. Industries where Furman alumni tend to cluster include financial services, management consulting, technology, education, and non-profit organizations. While specific graduate school placement rates vary by program, Furman has a strong track record of placing students into top-tier graduate and professional programs, including law schools and medical schools. Notable alumni include figures like former South Carolina Governor Richard Riley and numerous successful business leaders and entrepreneurs. Furman's career services are generally well-regarded, offering personalized advising, resume workshops, and networking events. The university emphasizes experiential learning, fostering strong internship pipelines with companies in the Charlotte, Atlanta, and Washington D.C. metropolitan areas, providing students with valuable real-world experience before graduation. Geographic hiring patterns show a strong concentration of alumni in the Southeast, particularly in South Carolina, North Carolina, and Georgia, but also significant placements in major East Coast cities like New York City and Washington D.C.

Campus Life & Culture at Furman University

Furman attracts a diverse student body, with a significant percentage coming from outside South Carolina, creating a broad geographic mix. Students who thrive here are typically intellectually curious, community-minded, and appreciate a balance between rigorous academics and a vibrant campus life within a beautiful natural setting. The university fosters an environment where students are encouraged to engage deeply with their studies and with each other.

Furman University cultivates a vibrant, close-knit campus community deeply integrated with its stunning 750-acre arboretum setting in Greenville, SC. The 'Furman bubble' is a real phenomenon, fostering a strong sense of belonging and shared experience among its roughly 2,400 students. Social life often revolves around campus events, intramural sports, and the numerous student organizations – over 100, ranging from the Furman Outdoors Club, which takes advantage of the surrounding natural beauty, to academic clubs and cultural groups. The student union, Trone Student Center, is the hub for dining, socializing, and student government. Housing is guaranteed for the first three years, with a mix of traditional residence halls and apartment-style living, fostering a communal atmosphere. The dining halls offer a variety of options, with a strong emphasis on fresh, local ingredients, reflecting Greenville's burgeoning culinary scene. While Greek life exists, it's not the dominant force it is at some larger universities, with about 30-40% of students participating. Athletics are a significant part of campus pride, with the Paladins competing in the Southern Conference; attending football games at Paladin Stadium or basketball games at Timmons Arena is a popular weekend activity. The overall vibe is one of engaged learning, community involvement, and a deep appreciation for the beautiful, park-like campus.

Campus Highlights

  • The 750-acre arboretum campus, featuring lakes, streams, and a stunning variety of trees and plants, offers a unique and beautiful natural setting for learning.
  • The "May Experience" provides a distinctive opportunity for intensive, short-term courses, often involving travel and hands-on learning.
  • The "Furman Advantage" initiative promises personalized mentorship, research opportunities, and internships to every student.
  • The intimate class sizes and strong faculty-student relationships foster a supportive and engaging academic environment.
  • The integration of the campus with the vibrant city of Greenville, SC, offers students access to internships, cultural events, and a thriving social scene.
  • The commitment to sustainability is evident throughout campus, from LEED-certified buildings to extensive recycling programs.

Location & Regional Advantages

Furman University's location in Greenville, South Carolina, offers a compelling blend of regional advantages that can significantly benefit students' career trajectories. Greenville itself is a rapidly growing city with a burgeoning economy, particularly strong in advanced manufacturing, automotive, and technology sectors. Major companies like Michelin, BMW, and GE have significant operations in the area, creating local internship and job opportunities. The cost of living in Greenville is notably lower than in major metropolitan hubs, allowing graduates to stretch their earnings further and potentially pay down student debt more quickly. While not directly on the coast, Greenville boasts a pleasant four-season climate and is within a few hours' drive of major industry hubs like Atlanta, Charlotte, and Asheville, North Carolina. This proximity allows Furman students to access a wider array of internships and job markets without having to relocate immediately. The quality of life in Greenville is high, with a vibrant downtown, a growing culinary scene, and abundant outdoor recreational opportunities in the nearby Blue Ridge Mountains. The city is also considered safe and family-friendly. This combination of a growing local economy, affordable living, and strategic access to larger regional markets makes Greenville a strategic base for Furman, enhancing career opportunities post-graduation, especially for those interested in staying in the Southeast.

How to Get Into Furman University

Furman University employs a holistic review process, meaning they consider a wide range of factors beyond just GPA and test scores (which are not currently required for admission). The admissions committee looks for students who demonstrate academic excellence, intellectual curiosity, leadership potential, and a strong commitment to community. Given the 43% acceptance rate, selectivity is moderate to high. Early Decision (ED) and Early Action (EA) are both offered, with ED likely providing a slight advantage due to demonstrated commitment. Crafting a compelling application essay is crucial; topics that showcase personal growth, unique experiences, or a genuine passion for learning tend to resonate. Highlighting involvement in extracurricular activities, leadership roles, and community service demonstrates a well-rounded profile. Since test scores are not a primary focus, a strong academic record with challenging coursework is paramount. Demonstrated interest is valued, so engaging with Furman through campus visits (virtual or in-person), attending information sessions, and connecting with admissions counselors can be beneficial. The application deadline for Early Action is typically November 1st, and Regular Decision is around January 15th, so planning well in advance is key.

How Furman University Compares to Similar Schools

Similar schools: Wake Forest University, Elon University, Sewanee: The University of the South, Denison University

Advantages

  • Strong emphasis on undergraduate research and faculty mentorship.
  • Beautiful, self-contained campus fostering a close-knit community.
  • Strategic location in a growing Southern city with a lower cost of living than many peer locations.

Disadvantages

  • Higher sticker price compared to some public university alternatives.
  • Smaller alumni network compared to larger, more established institutions.
  • Median graduate earnings are not significantly higher than many less expensive institutions.

Best For

  • Prospective students who prioritize cost-effectiveness may want to consider more affordable options.
  • Students seeking a larger campus with more diverse extracurricular activities might find other institutions better suited to their needs.

Avoid If

  • Students looking for a high-tuition, high-earnings path may find other institutions more cost-effective.
  • Students with a preference for a larger campus with more diverse extracurricular activities might want to explore other options.

Frequently Asked Questions about Furman University

How much does it cost to attend Furman University?

In-state tuition at Furman University is $59,770 per year, and out-of-state tuition is $59,770 per year. The median student debt at graduation is $23,250.

What is the acceptance rate at Furman University?

Furman University has an acceptance rate of 43.0%.

What is the graduation rate at Furman University?

Furman University has a graduation rate of 80.1%.

How much do Furman University graduates earn?

The median earnings for Furman University graduates 10 years after enrollment is $68,635. With median debt of $23,250, graduates earn roughly 3.0x their debt level annually.

How big is Furman University?

Furman University has approximately 2,379 students and is classified as a medium institution. It is located in Greenville, SC and is a Private Nonprofit institution.

Is Furman University worth the cost?

Furman University has an ROI score of -71 out of 100. With in-state tuition of $59,770 per year and median post-graduation earnings of $68,635, the data suggests the return on investment may be below average.

Where is Furman University located?

Furman University is located in Greenville, SC. It is a Private Nonprofit institution with approximately 2,379 students.

How much student debt do Furman University graduates have?

The median student debt for Furman University graduates is $23,250. With median earnings of $68,635 ten years after enrollment, graduates can expect a debt-to-income ratio of 34%.

Is Furman University a good college?

Furman University has a graduation rate of 80.1% and median post-graduation earnings of $68,635. High graduation rate of 80.11%

How does Furman University compare to similar colleges?

Median earnings of $68,635 after 10 years Compared to peer institutions, Furman University offers strong academic outcomes and high earnings potential, but at a higher cost.

What career prospects do Furman University graduates have?

Graduates from Furman University are well-positioned for successful careers with high earning potential.

What should prospective students know about Furman University?

Furman University holds a strong position in the market for private, medium-sized colleges with a focus on academic excellence and career readiness.

What makes Furman University stand out?

Significant proportion of Asian students (3.36%)

What are the pros and cons of attending Furman University?

High tuition rate of $59,770 for out-of-state students

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.