In 2022, tuition for full-time Otterbein University students was $33,824 a year.
Tuition increased 1.81% in 2022–from $33,224 the prior year. On average, college tuition rises about 3% year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make thecost of college feel more doable until you've finishing school and found a job.
Otterbein University is a private, religious institution, so it has the same tuition for residents of Ohio as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state tuition can save significant money on the cost of tuition, as well as loans and interest owed. Take the time to confirm your state's eligibility criteria for in-state residency. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements as well, depending on the state you and your parents currently live in.
Otterbein University has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Otterbein University-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Otterbein University:
•Otterbein University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Otterbein University.
Room and board at Otterbein University costs $12,288 a year. This number includes the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat all or some of your meals the Otterbein University's on-campus cafeterias and dining halls.
Meal-plan costs can depend on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources so that those with financial need to get help covering these fees.
The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation. At Otterbein University, freshman are allowed to park on campus.
A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city could be pricey, but cities may offer more buses, trains or low-cost flight options to actually get to school. Otterbein Universityis in a suburban setting in Ohio, not far from Columbus.
When creating a budget for college, don’t forget to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Otterbein University.
What will the cost of attending Otterbein University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$12,288|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Otterbein University undergrads use financial aid to to cover the cost of tuition. In 2022, 1,855 of the 2,253 undergrads enrolled received financial aid. Otterbein University meets 66% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $22,413 a year.
|Most Common Loans for Otterbein University Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Otterbein University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Otterbein University awarded 1,696 need-based scholarships to students, giving away total of $7.3 million to help students with financial need cover the cost of school. An additional $2.59 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Otterbein University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Otterbein University was $22,413 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Otterbein University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Otterbein University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Otterbein University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Otterbein University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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