By 1812Blockhouse
Key Bullet Points:
- Ohio State University Board of Trustees approved a 3% increase in tuition and fees for incoming freshmen, including regional campuses.
- In-state tuition at regional campuses like Mansfield will be $9,488 annually.
- The main campus in-state tuition will rise to $13,244, with housing and meal plans totaling $14,810.
- The university will distribute over $465 million in financial aid in fiscal year 2024.
- 58% of Ohio State’s graduates in the 2022-2023 academic year finished without student loan debt.
The Ohio State Board of Trustees has approved a tuition and fee increase for incoming freshmen, starting this autumn. The new structure affects students at both the main campus and regional campuses, including The Ohio State University at Mansfield. This decision will see a 3% increase in tuition, impacting in-state and out-of-state students alike, while the university continues its commitment to affordability through robust financial aid programs.
Breakdown of Tuition and Fee Increases
Main Campus Tuition for In-State Freshmen:
- Tuition will increase by 3%, translating to an additional $385 per year.
- This brings the annual tuition cost to $13,244 for in-state freshmen at the main campus in Columbus.
Housing and Meal Plan Costs:
- Housing fees and meal plan prices will rise by $428.
- The total cost for these essentials will now be $14,810 annually.
Overall Cost for In-State Freshmen:
- The combined total for tuition, housing, and meal plans for incoming freshmen will exceed $28,000 per year.
Out-of-State and International Tuition:
- Out-of-state undergraduate tuition will be $40,022 annually.
- International undergraduate tuition will be $42,950 annually.
Regional Campus Tuition Increases
In-State Tuition for Regional Campuses:
- For the regional campuses (Lima, Mansfield, Marion, and Newark), in-state tuition and fees will be $9,488 annually, reflecting a 3% increase.
- The Ohio State Agricultural Technical Institute in Wooster will see a slight difference, with tuition and fees set at $9,441, also a 3% increase.
Focus on The Ohio State University at Mansfield:
- Students at the Mansfield campus will experience the same 3% increase, bringing in-state tuition and fees to $9,488 per year.
- This increase aims to support the continued development and resource availability at the Mansfield campus while maintaining the quality of education.
Commitment to Affordability and Financial Aid
Ohio State University remains dedicated to ensuring education is accessible and affordable. Several initiatives and programs are in place to support this commitment:
Ohio State Tuition Guarantee:
- This program ensures that students pay the same amount of tuition each year while attending the university, providing financial stability and predictability for families.
Financial Aid Distribution:
- The university expects to distribute over $465 million in financial aid in fiscal year 2024.
- 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 annually.
Ohio College Opportunity Program:
- Administered by the Ohio Department of Higher Education, this program offers a maximum grant award of $3,200, significantly aiding eligible students.
Impact of Financial Aid Programs
Ohio State University’s efforts to provide substantial financial aid have positively impacted students’ financial burdens. In the 2022-2023 academic year, 58% of Ohio State’s bachelor’s degree recipients graduated with zero student loan debt. For the 42% of graduates who do leave with debt, the average amount has decreased from $27,000 five years ago to less than $25,000.
The percentage of Ohio State students graduating without debt is 20% higher than the national average.
Additional Details
General graduate tuition and fees will also increase by 3% for Ohio residents, meaning an additional $404 for students at the Columbus campus.
Ohio State University’s decision to raise tuition and fees includes a comprehensive approach, impacting both the main and regional campuses. While costs are rising, the university’s strong financial aid programs continue to mitigate the financial burden on students, ensuring that education remains accessible and affordable.
