Ferrum College

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2017 Undergraduate Tuition
$32,910
3.49% growth from 2016
2017 Average Net Price
$23,184
After Financial Aid
2016 Student Loan
12.9%
Default Rate
2017 Acceptance Rate
71.9%
3,228 Applicants
2017 Enrolled Students
1,137
98.3% Full-Time
2017 Graduation Rate
34.6%
198 Graduates

About

Ferrum College is a higher education institution located in Franklin County, VA. In 2016, the most popular Bachelor's Degree concentrations at Ferrum College were Criminal Justice - Safety Studies (30 degrees awarded), General Business Administration & Management (29 degrees), and Physical Education Teaching & Coaching (22 degrees).

In 2017, 229 degrees were awarded across all undergraduate and graduate programs at Ferrum College. 45.9% of these degrees were awarded to women, and 54.1% awarded men. The majority of degree recipients were white (150 degrees), 3.26 times more than then the next closest race/ethnicity group, black or african american (46 degrees).

The median undergraduate tuition at Ferrum College is $32,910, which is $7,716 more than the national average for Baccalaureate Colleges ($25,194).

Costs

The median undergraduate tuition at Ferrum College is $32,910, which is $7,716 more than the national average for Baccalaureate Colleges ($25,194).

After taking grants and loans into account, the average net price for students is $23,184.

In 2017, 100% of undergraduate students received federal grants, while 84% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$32,910
2017 Undergraduate Tuition

In 2017, the cost of tuition at Ferrum College was $32,910. The cost of tuition at Ferrum College is $7,716 more than than the overall (public and private) national average for Baccalaureate Colleges ($25,194).

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

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Average Net Price

$23,184
2017 Value
31.2%
1 Year Growth

In 2017 Ferrum College had an average net price — the price paid after factoring in grants and loans — of $23,184. Between 2016 and 2017, the average net price of Ferrum College grew by 31.2%.

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.

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Other Student Expenses

$11,090
Room and Board
$800
Books and Supplies

The average yearly cost of room and board at Ferrum College was of $11,090 in 2017. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 7.46% between 2016 and 2017. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

100%
Of Undergraduates Receive Grants
84%
Of Undergraduates Receive Federal Loans

100% of undergraduate students at Ferrum College received grants or loans in 2017. This represents a growth of 2.04% with respect to 2016, when 98% 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.

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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.
12.9%
2016 Default Rate
74
Number of Defaults

In 2016 the default rate for borrower's at Ferrum College was 12.9%, which represents 74 out of the 572 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.

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Admissions

Ferrum College received 3,228 undergraduate applications in 2017, which represents a 2.98% annual decline. Out of those 3,228 applicants, 2,322 students were accepted for enrollment, representing a 71.9% acceptance rate.

There were 1,137 students enrolled at Ferrum College in 2017, and 46% of first-time enrollees submitted SAT scores with their applications.

Ferrum College has an overall enrollment yield of 15.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

71.9%
Acceptance Rate in 2017
2,322
Accepted Out of 3,228

In 2017, the undergraduate acceptance rate of Ferrum College was 71.9% (2,322 admissions from 3,228 applications). This is lower than the acceptance rate of 2016, which was 72%. Between 2016 and 2017, the number of applicants declined by -2.98%, while admissions declined by -3.09%.

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

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SAT Scores

46%
Submission Percentage
168
Scores Submitted

46% of enrolled first-time students at Ferrum College in 2017 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.

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Enrollment

Ferrum College has a total enrollment of 1,137 students. The full-time enrollment at Ferrum College is 1,118 students and the part-time enrollment is 19. This means that 98.3% of students enrolled at Ferrum College are enrolled full-time.

The enrolled student population at Ferrum College, both undergraduate and graduate, is 49.3% White, 33.4% Black or African American, 7.12% Two or More Races, 5.1% Hispanic or Latino, 0.88% American Indian or Alaska Native, 0.792% Asian, and 0.088% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Ferrum College in full-time Undergraduate programs are majority White Male (25.4%), followed by White Female (23.5%) and Black or African American Male (22.5%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

98.3%
Full-Time Enrollment

The total enrollment at Ferrum College, both undergraduate and graduate, is 1,137 students. The full-time enrollment at Ferrum College is 1,118 and the part-time enrollment is 19. This means that 98.3% of students enrolled at Ferrum College are enrolled full-time compared with 80.6% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

48%
2017 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 48%. 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    560
  2. Black or African American
    380
  3. Two or More Races
    81

The enrolled student population at Ferrum College is 49.3% White, 33.4% Black or African American, 7.12% Two or More Races, 5.1% Hispanic or Latino, 0.88% American Indian or Alaska Native, 0.792% Asian, and 0.088% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.9% White, 14% Black or African American, and 12.6% 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, 26 students (2.29%) did not report their race.

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Graduates

In 2017, 19 fewer women than men received degrees from Ferrum College. The majority of degree recipients at Ferrum College are white (150 degrees awarded). There were 3.26 times more white graduates than the next closest race/ethnicity group, black or african american (46 degrees).

The most common Bachelor's Degree concentration at Ferrum College is Criminal Justice - Safety Studies (30 degrees awarded), followed by General Business Administration & Management (29 degrees) and Physical Education Teaching & Coaching (22 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 (18 degrees awarded), Agriculture (14 degrees), and Protective Services (30 degrees).

Workforce

Common Jobs by Major

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 Other managers (168,141 people), Police officers (140,918 people), Elementary & middle school teachers (115,630 people), Postsecondary teachers (99,394 people), and Graphic designers (97,933 people).

The most specialized majors at Ferrum College are Natural Resources & Conservation (18 degrees awarded), Agriculture (14 degrees), Protective Services (30 degrees), Philosophy and Religious Studies (3 degrees), and Visual & Performing Arts (14 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Ferrum College are Securities, commodities, & financial services sales agents, Physicians, Dentists, Chief executives & legislators, and Broadcast announcers and radio disc jockeys

The most specialized majors at Ferrum College are Natural Resources & Conservation (18 degrees awarded), Agriculture (14 degrees), Protective Services (30 degrees), Philosophy and Religious Studies (3 degrees), and Visual & Performing Arts (14 degrees).

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Common Industries by Major

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 (348,094 people), Elementary & secondary schools (280,591 people), Colleges, universities & professional schools, including junior colleges (220,243 people), Construction (104,217 people), and Computer Systems Design (101,694 people).

The most specialized majors at Ferrum College are Natural Resources & Conservation (18 degrees awarded), Agriculture (14 degrees), Protective Services (30 degrees), Philosophy and Religious Studies (3 degrees), and Visual & Performing Arts (14 degrees).

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Degrees

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
  1. 30 degree-majorss awarded
  2. 29 degree-majorss awarded
  3. 22 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Ferrum College was Criminal Justice - Safety Studies with 30 degree-majorss awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men
  1. 124
  2. 105

In 2017, 124 degrees were awarded to men at Ferrum College, which is 1.18 times more than the number of degrees awarded to females (105).

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

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Most Common Male Majors

In 2017, 23 degrees were awarded to men at Ferrum College in General Business Administration & Management, which is 3.83 times more than the 6 female recipients with that same degree.

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Most Common Female Majors

In 2017, 13 degrees were awarded to women at Ferrum College in Liberal Arts & Sciences, which is NaNy times more than the 0 male recipients with that same degree.

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Time to Complete

20%
100% Completion Time
31%
150% Completion Time

In 2017, 20% of students graduating from Ferrum College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 31% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Male
Highest Graduation Rate (66.7%)

The student demographic with the highest graduation rate at Ferrum College is Male and American Indian or Alaska Native (66.7% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (68.1%).

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, 5.05% of graduates (10 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    150 degrees awarded
  2. Black or African American
    46 degrees awarded
  3. Hispanic or Latino
    12 degrees awarded

The most common race/ethnicity at Ferrum College is white (150 degrees awarded). There were 3.26 times more white recipients than the next closest race/ethnicity group, black or african american (46 degrees).

4.37% of degree recipients (10 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    83 degrees awarded
  2. White Female
    67 degrees awarded
  3. Black or African American Female
    24 degrees awarded

The most common race/ethnicity and gender grouping at Ferrum College is white male (83 degrees awarded). There were 1.24 times more white male recipients than the next closest race/ethnicity group, white female (67 degrees).

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Operations

Ferrum College has an endowment valued at nearly $51.2M, as of the end of the 2017 fiscal year. The return on its endowment was of $6.68M (13%), compared to the 7.76% average return ($2.88M on $37.1M) across all Baccalaureate Colleges.

In 2017, Ferrum College had a total salary expenditure of $33.2M. Ferrum College employs 29 Assistant professors, 21 Associate professors, and 15 Professors. Most academics at Ferrum College are Female Assistant professors (16), Male Assistant professors(13), and Female Associate professors (12).

The most common positions for non-instructional staff at Ferrum College are: Service, with 64 employees, Management, with 36 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 33 employees.

Finances

Endowment

$51.2M
2017 Endowment
12.3%
growth from 2016

Ferrum College has an endowment valued at about $51.2M, as of the end of the 2017 fiscal year. The endowment of Ferrum College grew 12.3% from the previous year. The value of their endowment was $14.1M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $276k - Federal
  2. $3.99k - State
  3. $6.2k - Local

As of 2017, Ferrum College received $276k in grants and contracts from the federal government, $3.99k from state grants and contracts, and $6.2k from local grants and contracts.

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Expenses

Salary Expenditure

$14.7M
2017 Salaries
2.91%
decline from 2016

In 2017, Ferrum College paid a median of $14.7M in salaries, which represents 44.3% of their overall expenditure ($33.2M) and a 2.91% decline from the previous year. This is compared to a 5.25% decline from 2015 and a 1.58% decline from 2014.

The median for similar Baccalaureate Colleges is 14.2M (38.9% of overall expenditures).

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Instructional Salaries

$3.88M
Instructional Salaries
72
Number of Employees

In 2017, Ferrum College paid a total of $3.88M to 72 employees working as instructors, which represents 26.4% of all salaries paid.

This is compared to a median of $4.89M (34.4%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
29 Employees
Service
Most Common Non-Instructional Employee
64 Employees

In 2017, the most common positions for instructional staff at Ferrum College were Assistant professor with 29 employees; Associate professor with 21 employees; and Associate professor with 15 employees.

In 2017, the most common positions for non-instructional staff at Ferrum College were Service with 64 employees; Management with 36 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 33 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Female Assistant professor
  2. Male Assistant professor
  3. Female Associate professor

In 2017, the most common demographic for instructional staff at Ferrum College was Female Assistant professor with 16 employees, Male Assistant professor with 13 employees, and Female Associate professor with 12 employees.

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

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