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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Ferrum College since 2011.
For that period, the average number of students who received grants aid/scholarships is 1,238, which is 99.18 % of all undergraduate students. 1,079 students which is 85.55% of undergraduate students received federal student loans and the average loan amount is $7,565.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-121,509 (100%)$18,224895 (59%)$4,4511,370 (91%)$7,878
2012-131,510 (100%)$20,050859 (57%)$4,5371,363 (90%)$8,603
2013-141,508 (100%)$19,886875 (58%)$4,3011,364 (90%)$8,156
2014-151,437 (99%)$21,919828 (57%)$4,6711,312 (90%)$8,364
2015-161,301 (98%)$23,359772 (58%)$4,7621,165 (87%)$7,871
2016-171,290 (100%)$20,822734 (57%)$4,4161,087 (84%)$6,826
2017-181,127 (99%)$22,790682 (60%)$4,678951 (84%)$7,258
2018-191,115 (99%)$24,038670 (60%)$4,714948 (84%)$7,010
2019-201,038 (99%)$33,669569 (54%)$4,837859 (82%)$7,122
2020-21937 (98%)$40,745525 (55%)$5,048771 (80%)$7,152
2021-22851 (99%)$27,498440 (51%)$4,914678 (79%)$6,971
Average1,238 (99.18%)$24,818714 (56.91%)$4,6661,079 (85.55%)$7,565

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 423 (99.00 % of students) received grants or scholarships and its average amount is $24,187. It can cover 63.12% of tuition & fees ($38,320).
In addition, 391 (89.82 % of students) students get helped from the students loans (average amount : $7,113).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12577 (100%)$19,696569 (99%)$7,427
2012-13544 (100%)$21,391530 (97%)$8,375
2013-14553 (100%)$20,592542 (98%)$7,659
2014-15499 (100%)$24,297492 (99%)$7,772
2015-16414 (98%)$25,548395 (93%)$7,567
2016-17450 (100%)$22,142418 (93%)$6,094
2017-18359 (100%)$24,415310 (86%)$6,500
2018-19409 (98%)$25,055360 (87%)$6,473
2019-20357 (100%)$26,690281 (79%)$6,943
2020-21290 (99%)$29,653245 (84%)$6,611
2021-22204 (94%)$26,580158 (73%)$6,826
Average423 (99.00%)$24,187391 (89.82%)$7,113
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 262 (60.91 % of students) received Pell (federal) grants and its average amount is $4,669.
In addition, 319 students received State/local government grants/scholarships (73.18 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12361 (63%)$4,539332 (58%)$705478 (83%)$3,004575 (100%)$14,011
2012-13344 (63%)$4,612195 (36%)$735410 (75%)$3,165544 (100%)$15,826
2013-14358 (65%)$4,257165 (30%)$625443 (80%)$3,193551 (99%)$15,146
2014-15307 (62%)$4,735173 (35%)$700402 (81%)$3,455497 (100%)$18,432
2015-16268 (63%)$4,962153 (36%)$701331 (78%)$3,470403 (95%)$19,829
2016-17287 (64%)$4,268137 (30%)$611316 (70%)$2,780446 (99%)$17,438
2017-18236 (66%)$4,711128 (36%)$625251 (70%)$2,978356 (99%)$19,174
2018-19253 (61%)$4,611147 (35%)$693297 (71%)$2,893401 (96%)$20,249
2019-20186 (52%)$4,757114 (32%)$750256 (72%)$3,106356 (100%)$21,806
2020-21183 (63%)$4,987127 (43%)$631197 (67%)$3,376290 (99%)$23,937
2021-22103 (48%)$4,92275 (35%)$647125 (58%)$3,488204 (94%)$21,720
Average262 (60.91%)$4,669159 (36.91%)$675319 (73.18%)$3,173420 (98.27%)$18,870
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 391 (89.82 % of students) get any students loan help and its average loan amount is $391.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12569 (99%)$7,427569 (99%)$7,09717 (3%)$11,041
2012-13530 (97%)$8,375530 (97%)$8,00522 (4%)$8,915
2013-14542 (98%)$7,659542 (98%)$7,28523 (4%)$8,813
2014-15492 (99%)$7,772491 (98%)$7,52917 (3%)$7,473
2015-16395 (93%)$7,567395 (93%)$7,01222 (5%)$9,970
2016-17418 (93%)$6,094406 (90%)$6,07812 (3%)$6,648
2017-18310 (86%)$6,500308 (86%)$6,14824 (7%)$5,053
2018-19360 (87%)$6,473354 (85%)$5,82436 (9%)$7,463
2019-20281 (79%)$6,943280 (78%)$6,31214 (4%)$13,115
2020-21245 (84%)$6,611245 (84%)$5,94012 (4%)$13,700
2021-22158 (73%)$6,826156 (72%)$5,44717 (8%)$13,462
Average391 (89.82%)$7,113389 (89.09%)$6,60720 (4.91%)$9,605

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