Financial aid comes in many forms—and we’re here to help you connect with as many of them as possible.
Federal Grants
State Grants
Institutional Grants
Federal pell grant
A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need and have an Expected Family Contribution below a threshold designated annually by the U.S. Department of Education, based on the amount of program funds appropriated by Congress. Renewability is based on the Free Application for Federal Student Aid (FAFSA) each academic year and meeting Satisfactory Academic Progress standards.
Federal Supplemental Educational Opportunity Grant (FSEOG)
A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need. Priority is given to Pell Grant recipients. Renewability is based on the Free Application for Federal Student Aid (FAFSA) each academic year and meeting Satisfactory Academic Progress standards.
Virginia tuition assistance grant (VTAG)
Virginia residents who plan to attend Ferrum College may be eligible for a grant from the Commonwealth of Virginia that is not based on financial need. The program was established to assist Virginia’s private colleges in reducing the tuition gap between private and public in-state colleges. Grant funding is determined by the General Assembly, and amounts reflected on the student award letter are estimated and not guaranteed. For the academic year 2023-2024, the estimated grant amount is $5,000. Applications are available from the college in the spring of each year. The completed application must be returned to the Office of Financial Aid by July 31. Late VTAG applications may be submitted, but awards for late applicants are contingent on available funds remaining after the July 31 applicants are funded. Students may receive VTAG funds for a maximum of eight semesters (undergraduate). Renewability is based on Virginia residency each academic year and full-time enrollment.
College transfer grant
For transfer students in certain programs. Please see the State Council Website for eligibility and renewal criteria.
Auxiliary Grant
Grant awarded to undergraduate students based on professional judgment and extenuating circumstances. Grant is for one year only and students must be full time and degree seeking. Award amounts vary and are not renewable.
ferrum need-based grant
Need-based institutional grant to assist students with costs. Students must complete the FAFSA to determine eligibility. Renewability is based on full time enrollment and financial need based on the FAFSA each year.
out-of-state grant
Grant up to $4500 per academic year for students who are attending from out of state. This grant may be renewed for an additional seven semesters provided the student remains full time and degree seeking.
Persistence Grant
$500 institutional grant to all returning juniors and seniors in recognition of their commitment to continuing their academic journey at Ferrum College.
readmit grant
Grant for students who are previous students and are approved for readmission to the college. This grant may be renewed for an additional seven semesters provided the student remains full time and degree seeking.
visit grant
Grant award presented to new and transfer students based on the date of visiting campus. This grant may be renewed for an additional seven semesters provided the student remains full time and degree seeking.
Tools & Resources
Calculate your cost to attend Ferrum College after receiving financial aid.
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