13
May
2024
|
09:10 AM
America/New_York
University remains a strong value for in-state undergraduates
| The Ohio State University |
The Ohio State University Board of Trustees this week will consider setting rates for tuition and fees for the 2024-2025 academic year. The proposal includes continuation of the university’s Ohio State Tuition Guarantee, a program that provides cost certainty in tuition, housing and dining costs for new, in-state students for four years.
The university proposes to increase tuition and fees for incoming Ohio freshmen by $385 starting in autumn 2024, or 3% more than last year’s rate. Paired with the tuition guarantee – which locks in tuition, housing and dining costs for each of a student’s four years on campus – the effective annual tuition increase is 0.75%.
Ohio State evaluates tuition and fees annually and sets rates based on program needs, changes in costs and market data. The proposed increase is below the national annual increase in inflation of 4.1%.
Tuition and fees support the university’s academic excellence and core mission to provide a comprehensive, inclusive and affordable education that prepares the next generation of leaders and engaged citizens for the workforce of tomorrow and to serve the state, the nation and the world.
Ohio State offers a world-class education at a lower cost than the majority of peer institutions. For Ohio students, the university is the second most affordable of any school with a selective admission process in the state. In the expanded Big Ten Conference, 10 of the 18 schools are more expensive than Ohio State, putting the university in the top half for affordability.
The university expects to distribute more than $465 million in financial aid in fiscal year 2024, in total. Since fiscal year 2015, $305 million in additional need-based financial aid has supported more than 45,000 low- and moderate-income Ohioans. More than 70% of undergraduates receive an average of almost $12,000 in grants, aid and scholarships. This includes the Ohio College Opportunity Program administered by the Ohio Department of Higher Education, which features a maximum grant award of $3,200.
The university’s commitment to affordability is having an impact. In the 2022-2023 academic year, 58% of Ohio State’s bachelor’s degree recipients graduated with zero student loan debt. For the 42% who leave with debt, it has declined from $27,000 on average five years ago to less than $25,000. Ohio State’s percentage of students who leave with no debt is 20% better than the U.S. average.
Some additional details:
- In Columbus, in-state tuition and fees would total $13,244 per year for incoming first-year students. The most common housing and dining plans will total $14,810 under the proposal, an increase of about $428 year-over-year. Housing and dining rates remain frozen for those in the Ohio State Tuition Guarantee.
- General graduate tuition and fees would increase by 3% for Ohio residents – a change of about $404 for students on the Columbus campus.
- In-state tuition and fees for incoming students would be $9,488 for the Lima, Mansfield, Marion and Newark campuses and $9,441 at the Agricultural Technical Institute in Wooster, a 3% increase.
More Ohio State News
RSS feed - More Ohio State News (opens in new window) View all headlines - More Ohio State News
NIMH director discusses progress, opportunities for research during visit at Ohio State May 24,2024 | 11:00 AM America/New_York Earlier this month, the director of the National Institute of Mental Health (NIMH) spent a day at The Ohio State University Wexner Medical Center to help kick off May’s Mental Health Awareness month. Read more Ohio State appoints new dean and director of Ohio State Newark May 23,2024 | 13:00 PM America/New_York The Ohio State University has selected Matthew J. Smith as its next dean and director of The Ohio State University at Newark, effective Aug. 1. Smith currently serves as dean of the College of Humanities and Behavioral Sciences at Radford University, a comprehensive public university in Radford, Virginia, where he is also a professor of communication. Read more
AI poised to usher in new level of concierge services to the public May 23,2024 | 11:01 AM America/New_York Concierge services built on artificial intelligence have the potential to improve how hotels and other service businesses interact with customers, a new paper suggests. Read more
"; items += "
"; items += "
"; items += "
" + val['title'] + "
"; if(val['subtitle']){ items += "
" + val['subtitle'] + "
"; } items += "
"; if (val['showpublishdate'] !== 0) { items += "
"; items += "
" + date_month + "
"; items += "
" + date_day + "
,"; items += "
" + date_year + "
"; items += '
'; items += ' | '; items += '' + val['publish_time'] + ''; items += 'America/New_York'; items += '
'; items += "
"; } items += "
" + val['message'] + "
"; items += "
Read more
"; items += "
"; items += ""; items += tags_items; items += multimedia_count; items += "
FAQs
The Ohio State Tuition Guarantee holds in-state tuition, mandatory fees, housing and dining rates flat for four academic years. The specific four-year rates are set for each entering class of new first-year students.
What is the guaranteed tuition plan in Ohio? ›
For Ohio residents the guarantee includes in-state tuition, mandatory fees and housing and dining. Tuition and mandatory fees include the instructional and general fees on all campuses and the student activity, recreation, COTA and student union fees on the Columbus campus.
How much is Ohio State tuition 2024 2025? ›
Starting in the 2024 fall semester, freshmen at OSU's main campus who are Ohio residents will pay $13,244 in tuition and mandatory fees, a 3% increase from the previous year. Freshmen from out-of-state can expect to pay $40,022, a 4.3% increase, and international students can expect to pay $42,950, a 4% increase.
How much is the Ohio State tuition hike? ›
The increase in tuition per year will be 3%, or $385, for freshman this autumn. That brings in-state tuition to $13,244. Housing fees and meal plan prices will go up by $428. That brings those costs to $14,810.
What is the Ohio Guarantee Program? ›
The OHIO Guarantee is a cohort based, level-rate tuition, housing, and dining model that assures students and their families a set of comprehensive rates for the pursuit of an undergraduate degree at Ohio University.
What is tuition guarantee? ›
This means, the tuition you pay for your first year will be the same price you pay for your fourth year.
How hard is it to get into Ohio State? ›
The acceptance rate at Ohio State University is 52.7%.
This means the school is moderately selective. The school expects you to meet their requirements for GPA and SAT/ACT scores, but they're more flexible than other schools. If you exceed their requirements, you have an excellent chance of getting in.
What GPA is required for Ohio State? ›
The recommended GPA requirements for Ohio State are between 3.6 and 4.0. You will need a very strong GPA and will likely be graduating at the top half of your class in order to get into Ohio State.
Does osu waive out-of-state tuition? ›
The Academic Common Market waives all of the out-of-state portion of tuition and automatically replaces any other tuition waiver scholarships, including the Out-of-State Achievement scholarship and the Alumni Legacy Scholarship.
Does Ohio State University give full ride? ›
Buckeye Opportunity Program
All eligible Ohio resident undergraduate students on all campuses who qualify for a Federal Pell Grant and show significant need receive enough student financial aid to cover the full cost of undergraduate tuition and mandatory fees. Learn more.
The cost for an in-state student to attend Ohio State for four years is $120,740, based on 2022-23 estimates. For out-of-state students, that number is $217,688.
What is the average private college tuition in Ohio? ›
According to recent NCES data, the average tuition and fees from private colleges in Ohio are about $35,000, while the national average is approximately $33,000.
What is the Ohio tuition promise? ›
The OHIO Regional Promise Award is an automatic four-year renewable scholarship program covering up to the full cost of regional campus tuition and mandatory fees for Pell-eligible students with a minimum 3.0 high school GPA enrolling at one of OHIO's regional campuses for the fall 2024 semester as a full-time, first- ...
Who qualifies for in-state tuition in Ohio? ›
A person who is living and is gainfully employed on a full–time or part–time and self–sustaining basis in Ohio, and who is pursuing a part–time program of instruction at an institution of higher education, is eligible to be considered a resident of Ohio for these purposes.
How much does it cost to go to osu for 4 years? ›
The cost for an in-state student to attend Ohio State for four years is $120,740, based on 2022-23 estimates. For out-of-state students, that number is $217,688.
