Only ǿմý is ensuring that your family’s income will not be the determining factor in whether you can attend a world-class university.

John Comerford, Ph.D., President of ǿմý

WE ARE committed to affordability.

What ǿմý Believes

We believe students and their families deserve clear, honest information about what ǿմý costs. We also believe that what happens for students here — their entire experience — proves that an ǿմý education is not only worth it, it is a better, smarter way to be prepared.

We all know that college is an investment in your future. So let’s explore how much it costs. Let’s also talk about what ǿմý does to make sure most families can afford it.

100%

of traditional first-year students receive merit or need-based aid.

Who Gets Scholarships?

Merit aid is awarded as scholarships and is based on academic performance, demonstrated leadership, and for some academic programs, includes a talent component. Other ǿմý endowed scholarships recognize factors including community service, your chosen academic program, future career interests and other interests or involvement. Financial need is not a factor in merit aid. All scholarships are awarded for full-time study andare renewable for four years as long as academic requirements are fulfilled.

What Criteria are used in Awarding Scholarships?

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  • High school performance (scholarship and leadership)
  • Cumulative GPA
  • Class rank (if your school provides one)
  • Sometimes other criteria, like your application essay and letter of recommendation or other distinguishing factors, are also considered

Who Gets Need-Based Aid?

Need-based aid is awarded as grants, loans or work-study awards. To receive any consideration for need-based aid your family must file the Free Application for Federal Student Aid (known as FAFSA) at www.studentaid.gov. This application is used to determine what type of federal, state or ǿմý need- based aid your family is eligible to receive.

Why Should I Apply for Aid?

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Every family’s situation is different but there are a few important reasons you should file an application at

  • Filing the FAFSA is the only way families have access to federal, low-interest student loans.
  • ǿմý awards need-based aid to families with higher incomes than most public universities do.
  • Class rank (if your school provides one)

What ǿմý is Doing to Keep College Affordable

OTTERBEIN SCHOLARSHIPS

We are committed to opportunity.
If you want a college education, ǿմý wants to make sure you can afford it.

That’s why ǿմý Institutional Aid remains the single largest source of support in how our families get help in paying for college.

Test Optional Policy
ǿմý has adopted a test optional admission and scholarship policy. Students with high school GPA of 2.75 or lower are encouraged to submit a test score if available. Some academic programs or courses may require an ACT/SAT score, placement score or additional pre-requisite courses for enrollment. For complete information visit www.otterbein.edu/testoptional.

THE OPPORTUNITY SCHOLARSHIPScreen Shot 2020 07 23 At 2 33 48 Pm 300x246 1

ǿմý’s Opportunity Scholarship is statewide, full-need program that covers the direct cost of tuition up to the student’s full financial need as determined by Free Application for Federal Student Aid (FAFSA).

Awarded to:

  • Ohio residents whose families earn $60,000 or less, or
  • Ohio residents who are federal Pell grant recipients.

The scholarship applies after all federal and state aid has been applied, including the federal Direct Student loan. The Opportunity Scholarship does not cover room and board or books.

Students receiving the Ohio College Opportunity Grant (OCOG; typical family incomes are less than $50,000) will be awarded ǿմý’s Opportunity Grant to cover any remaining tuition costs not already covered by scholarships and grants. This No Loan to Tuition program allows students to graduate debt-free, or allows the federal direct student loan to support other expenses such as room and board or text books.

 

 

What ǿմý Costs

 2023-2024 Expenses
Tuition $34,424
Room & Board $12,768
Student Fees $475
TOTAL $47,667

 

Don’t worry,

You’re not going to pay this amount.

Average Net Tuition by Family Income

Some families assume they won’t qualify for aid, so they don’t bother completing the FAFSA. The only way to have access to federal low Interest loans is to complete the FAFSA. ǿմý awards aid to families with higher incomes than most public universities do.

FAMILY INCOME AVG. NET TUITION & FEES (AFTER AID) FEDERAL DIRECT STUDENT LOAN ELIGIBILITY
OCOG recipient (<$50,000) $0 $5,500
Pell recipient (<$60,000 $6,773 $5,500
< $100,000, no Pell $10,195 $5,500
> $100,000 $11,761 $5,500
Did not file FAFSA $15,854 N / A

Aid includes all ǿմý merit, talent, and need-based aid, plus state and federal need-based aid.

ǿմý awards more than

$35 million

in academic MERIT SCHOLARSHIPS
and GRANTS every year as part of our
commitment to making a 21st century
education affordable.

FAST FAFSA FACTS

Students admitted for Fall 2022 who filed the FAFSA received, on average, $4,093 more in ǿմý aid than families who didn't file.

Ask us how!

  • ǿմý’s FAFSA Code: 003110
  • FAFSA applications available online at ​: December 2023
  • FAFSA priority filing date for May 1 decision: January 31, 2024

Financial Aid Estimator

Calculator
You can learn more about what your merit
and financial aid package might be by using .

“Affordability was one of the most important factors in my college choice. The benefits of the experience here are so valuable and are definitely worth it. Talking to my friends at bigger schools, I don’t think they got the experience I did.”

– Evan Shelton ’22
Biochemistry & Molecular Biology Major, Wadsworth, Oh

Columbus State Dual Admission Program

If you’re thinking about starting at a community college …
… then ǿմý has programs and partnerships for you to explore.

  • ǿմý’s Dual Admission Program with Columbus State Community College and its Guaranteed Admission Program with any partnering institution means you can earn two degrees for less than half the cost of a single, four-year degree at an Ohio public university.

Two Degrees. Two Campuses. One Student Experience.
Learn more >

Everyday Affordability. Everyday Benefits

If we were to conduct a survey, we’re fairly certain that 100% of parents would say that they wish college were FREE. Trust us, we understand. College is more than a four-year investment — it’s an investment in a student’s whole future. In the meantime, remember that ǿմý offers some great perks to help make day-to-day activities a little more affordable.

FREE

  • Washers and dryers in every residence hall. Save $200 a year or more on two loads a week.
  • ǿմý’s nationally recognized Musical Theatre and Dance programs, including concerts, shows and dance performances.
  • Cardinal Athletics featuring 22 NCAA Division III men’s and women’s teams.
  • ǿմý exhibits and art gallery displays.
  • Clements Rec Center including circuit equipment, free weights, basketball courts and indoor track.

ǿմý values talented, promising students who are eager to learn, to lead and to better their world. We offer needed support to help make sure you have the opportunity to become a proud Cardinal.