Ferrum College

In 2022, tuition for full-time Ferrum College students was $36,480 a year.

Tuition was the same price in 2022 as it was the year before. On average, college tuition goes up about 3% every year.

If these numbers feel scary, remember, the total cost of tuition isn't the final cost for attending college. Many students owe way less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theactual cost of attending college more manageable until after graduation.

Does Ferrum College Offer In-State and Out-of-State Tuition?

Ferrum College is a private, religious institution, so it has the same tuition for residents of Virginia as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for those who qualify as Virginia residents.

Choosing an insitution where you qualify for the reduced tuition offered to state residentscan save significant money on the total cost of attending college. Don't forget to check your state's guidelines for how to qualify for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently reside in.

Explore other Virginia colleges

Do International Students Pay More to Go to Ferrum College?

Tuition at Ferrum College is the same for each student.

Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or Ferrum College-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may be eligible for the following types of financial support at Ferrum College:

•Ferrum College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Ferrum College Room, Board, Fees, and More

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In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Ferrum College.

Room and Board Costs at Ferrum College

Room and board at Ferrum College costs $12,910 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat all or some of your meals the Ferrum College's on-campus cafeterias and dining facilities.

Meal-plan costs can depend on the numnber of meals you intend to eat on-campus

How Much Do Books Cost at Ferrum College?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources so that those who may struggle to participate because of cost can get help covering these costs.

The Cost of Transportation at Ferrum College

The cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.

A school's location can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city may be expensive, but cities may offer more trains, busses and affordable flights to actually get to school. The Ferrum College campus is located in a rural setting in Virginia.

Other Costs

When estimating your budget for college, be sure to factor in the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for Ferrum College

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Now, let’s look at the breakdown of all expenses, to get a better idea of the actual cost of attending Ferrum College.

How Much Does Ferrum College Cost?

What will the cost of attending Ferrum College be? Here is a breakdown of tuition and expenses.

2022 Total Tuition and Expenses
Tuition	$36,480
Room and Board	$12,910
Other expenses	$1,500

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$52,490
Off-Campus	$38,580

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Ferrum College Financial Aid

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In 2022, 0 of the 864 undergrads enrolled received financial aid.Around 79% of Ferrum College undergrads take out student loans to cover any remaining costs. Ferrum College graduates who have student loans graduate with an average of $24,834 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$2,353
Private Loans	$22,493

Most Common Loans for Ferrum College Students
Federal Loans	13%
Private loans	10%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Ferrum College financial aid, keep reading, or visit their financial aid website.

Scholarships at Ferrum College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

Net Cost of Ferrum College

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Ferrum College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Ferrum College seem more manageable.

What will attending Ferrum College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Ferrum College's net cost calculator on their website.

Ferrum College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Ferrum College Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

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Learn More About Ferrum College

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