Paying for Ferrum College

UndergraduateGraduate
2024 Tuition & Fee $38,320 $9,000 -3.23%
The 2024 tuition & fees of Ferrum College (Ferrum) is $38,320 for prospective students and the 2024 graduate school tuition & fees is $9,000. Its undergraduate tuition & fees is much higher than the average amount for similar schools' tuition of $24,603. The tuition & fee is the same as last year (2023) at Ferrum.
99% of enrolled undergraduate students have received grants or scholarships and the average aid amount is $27,498. It could cover 71.76% of full tuition amount. After receiving the financial aid, the net price is $27,602 including tuition, fees, books & supplies costs, and living costs.
Ferrum's 4-year tuition is $157,386, based on current tuition and change rate. The estimated 4-year COA including living costs and personal expenses is $225,861.
Explore Ferrum College

Tuition, Fees, Living Costs, and Cost of Attendance (COA)

Undergraduate Program Tuition & Fees

For the academic year 2023-2024, the undergraduate tuition & fees at Ferrum College is $38,320. The 2024 undergraduate tuition is same as the last year. Its undergraduate tuition & fees is much higher than the average amount for similar schools' tuition of $24,603.
The 2025 estimated undergraduate tuition & fees is $38,320 , the same as current year.
Ferrum Undergraduate Tuition & Fees
YearTuition & FeesOn Campus Room & Board, Other Expenses
2022-2023$38,320$15,780
2023-2024$38,320$15,780
Change % 2023-20240.00%0.00%
2024-2025$38,320$15,780

Graduate Program Tuition & Fees

For graduate programs, 2024 tuition & fees is $9,000. The graduate tuition is same as the last year. Its graduate tuition & fees is lower than the average amount for similar schools' tuition of $13,501.
The estimated graduate school tuition & fees is $8,710 for the academic year 2024-2025 , a 3.2% decrease compared to 2024's rate.
Ferrum Graduate Tuition & Fees
YearTuition & FeesOn Campus Room & Board, Other Expenses
2022-2023$9,300$15,780
2023-2024$9,000$15,780
Change % 2023-2024-3.23%0.00%
2024-2025$8,710$15,780

Cost Per Credit Hour

The below table describes the cost per credit hour for part-time students and/or full-time students who take additional courses more than regular credit hours at Ferrum. The undergraduate cost per credit hour is $755. The graduate tuition per credit hour is $475.
Per Credit Hour Charge (2023-2024)
YearCost Per Credit Hour
Undergraduate2022-2023$755
2023-2024$755
2024-2025$755
Graduate2022-2023$475
2023-2024$475
2024-2025$475

Cost of Attendance with Living Costs and Books & Supplies

The living costs including for room, board, transpiration, and other personal expenses is $15,780. The Living costs stayed same compared to the previous year for both on-campus and off-campus stay.
The Ferrum's 2024 on-campus COA is $55,100 and off-campus COA is $55,100.
2024 Cost of Attendance (COA) At Ferrum
On-CampusOff Campus
Tuition & Fees$38,320
Room & Board$13,230$13,230
Personal Expenses$2,550$2,550
Books & Supplies$1,000
Cost of Attendance$55,100$55,100
Updated with 2023-2024 tuition (Last update: 03/01/2024)
Cost estimates for 2024-2025 are based on last year's rate of change.

Ferrum Tuition Charts

The following charts visualize tuition, fees, living costs, and other expenses at Ferrum. You can enlarge the chart to view detailed information.

4-Years Costs of Attendance

How Much is the tuition for 4 years at Ferrum?

For the entering class 2024, the estimated tuition for 4 years at Ferrum is $157,386.
Since the tuition & fees at Ferrum College have risen very slightly (very lower than national average) over the last 4 years, the actual costs may differ from the estimation based on the school or University system's new tuition policy.
The estimation excludes the book, supplies, and living costs before receiving any financial aid. See the other tabs for estimating 4-year total costs of attendance and after financial aid. The next table shows the estimated 4-years tuition & fees for the next 5 admission years. The estimation is based on 4-years changes in tuition & fees at the school.
Ferrum 4 Years Tuition & Fees Estimates
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2028Fall 2024$38,726$39,137$39,552$39,971$157,386
Class of 2029Fall 2025$39,137$39,552$39,971$40,395$159,054
Class of 2030Fall 2026$39,552$39,971$40,395$40,823$160,741
Class of 2031Fall 2027$39,971$40,395$40,823$41,256$162,445
Class of 2032Fall 2028$40,395$40,823$41,256$41,693$164,167

COA including Books, Living Costs and Personal Expenses

The table shows the 4-years estimation of total costs of attendance (COA). It includes the tuition & fees, books & supplies costs, room & board charges, and other living expenses.
For the students who were admitted in Fall 2024, the estimated 4-years COA is $225,861.
Ferrum 4 Years COA
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2028Fall 2024$55,639$56,185$56,738$57,299$225,861
Class of 2029Fall 2025$56,185$56,738$57,299$57,868$228,090
Class of 2030Fall 2026$56,738$57,299$57,868$58,445$230,350
Class of 2031Fall 2027$57,299$57,868$58,445$59,030$232,641
Class of 2032Fall 2028$57,868$58,445$59,030$59,623$234,965

Actual COA after Receiving Financial Aid

Last year, 99% of enrolled undergraduate students have received grants or scholarship aid. It includes any financial aid from the federal government, state, local, institute, and other sources known by the institution. It excludes federal/private student loans.
After receiving the financial aid, the net price for 4 years of attending the school is $115,869.
Ferrum 4 Years COA after Receiving Financial Aid
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2028Fall 2024$28,141$28,687$29,240$29,801$115,869
Class of 2029Fall 2025$28,687$29,240$29,801$30,370$118,098
Class of 2030Fall 2026$29,240$29,801$30,370$30,947$120,358
Class of 2031Fall 2027$29,801$30,370$30,947$31,532$122,649
Class of 2032Fall 2028$30,370$30,947$31,532$32,125$124,973

Compare Tuition with Similar Colleges

The following table compares tuition & fees between Ferrum College and its similar schools. The similar schools are based on academic factors such as school type, level, and rivalry schools.
Tuition Comparison with Similar Schools to Ferrum
In-StateOut-of-State
Ferrum College$38,320
Liberty University$15,822
Regent University$20,686
Shenandoah University$36,028
University of Richmond$62,600
Marymount University$38,250
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