Schedule of Fees
Payment of Fees
Fee Payment Plans
A complete list of fees may be accessed via the University website here.
All fees and charges are due by the end of the first day of classes for each term.
At the time a student formally registers for classes, either by signing and submitting the appropriate registration forms to the Registrar’s Office or by registering online through the University’s website, the student agrees to abide by the University’s official policies concerning the adding and dropping of classes and complete withdrawal from the University. The student also agrees to assume the responsibility for understanding the University’s official policy concerning schedule changes and satisfactory academic progress which may result in additional charges or the loss of eligibility for certain types of financial aid. It is considered the student’s responsibility to understand how these changes can affect his/her financial situation with regard to financial aid eligibility.
All accounts not paid in full by the end of the first day of each term are subject to a late payment fee in addition to monthly interest at a rate of 1.5 percent per month. All sources of financial aid not received by the first day of each term are subject to late charges and interest. Therefore, all financial assistance should be applied for prior to July 1 to help ensure timely receipt.
All accounts must be paid in full (and, if appropriate, loan exit interviews completed) in order for students to enroll in succeeding terms or to receive copies of certificates, diplomas and transcripts. Otterbein reserves the right to recover all costs involved with the collection and/or litigation of delinquent accounts.
If an account must be sent to collection or litigation due to nonpayment of the outstanding balance, the University reserves the right to demand payment in full of subsequent terms of enrollment, prior to the beginning of each term to ensure enrollment. The University reserves the right to cancel the registration of any student if a balance due from a previous term remains unpaid at the start of a subsequent term.
Student receivable accounts are considered to be educational loans provided for the sole purpose of financing an education at Otterbein University, a non-profit institution of higher learning. As such, student receivable accounts are not dischargeable under the provisions of the laws governing either Chapter 7 or Chapter 13 bankruptcy actions.
The University reserves the right to demand payment in the forms of a certified check, money order, cash, or credit cards in the event that one or more checks have been returned unpaid for any reason.
Meeting the expense of a college education is one of the larger investments made by most families. We at Otterbein understand the unique financial needs that often stand in the way of paying these expenses. For this reason, students may elect one of the two types of plans for payment of comprehensive fee charges.
- Pay for each term according to the schedule of fees and due dates as illustrated in the payment of fees.
- Enroll in the University’s payment plan which allows students and their families to budget their expected costs into monthly payments. Information about the various payment plan options is available on-line in the Business Office section of the University’s website.
The refund schedule may be accessed via the University website here.