Academic Year 2010 – 2011
Fees are adjusted annually to reflect current costs.
Graduate Level Education and Nursing Courses
|Graduate Nurse Anesthesia specialty courses
|Graduate Level Business Course
|Undergraduate Level Course
For any related fees, please refer to the University’s website at www.otterbein.edu or contact the Business Office. Otterbein reserves the right to change these rates within the period covered by this catalog.
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, the student agrees to assume financial responsibility for any charges and/or fees as posted to his/her account and to abide by the official college policies regarding withdrawal from the University. The student also agrees to assume the responsibility for understanding the College’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 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. Loan funds or any other sources of financial aid not received by the first day of each term are subject to late charges and interest. Therefore, all loans should be applied for prior to July 1 to help ensure timely receipt. All accounts must be paid in full 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. Otterbein University is a non-profit institution of higher learning. As such, student receivable accounts are considered to be educational loans offered for the sole purpose of financing an education and are not dischargeable in bankruptcy proceedings. The University reserves the right to cancel the registration of any student if the balance due from a previous term remains unpaid at the start of a subsequent term.
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.
A refund schedule has been established for those students who withdraw from the University. Application fees, laboratory fees, tuition deposit, and other similar charges are not refundable.
The basic refund for Autumn, Winter and Spring quarters is:
Withdrawal received in writing or in person by
|7 p.m. on the Monday following the first week of the quarter
||100% of fees due or paid
|7 p.m. on the Monday following the second week of the quarter
||70% of fees due or paid
|7 p.m. on the Monday following the third week of the quarter
||60% of fees due or paid
|7 p.m. on the Monday following the fourth week of the quarter
||40% of fees due or paid
|7 p.m. on the Monday following the fifth week of the quarter
||20% of fees due or paid
|7 p.m. on the Monday following the sixth week of the quarter
||10% of fees due or paid
|Withdrawal after the sixth week of class
All financial aid recipients who receive a refund as a result of withdrawal may be subject to a Title IV refund calculation. The allocation of funds must follow those outlined by federal regulations.
The official refund schedule for Summer Session, interterm classes and workshops will be published in the appropriate schedule of classes.
The refund schedule for students in the Nurse Anesthesia program is available from the Program Director.
In recognition of the fact that many adult students must carefully plan their finances to manage a household budget, two convenient payment plans are available. Both plans are an alternate to paying all fees by the first day of each term. Forms for these two payment plans are available at the Registrar’s Office and the Office of Graduate Programs. They may also be printed from the College’s website at www.otterbein.edu/resources/business_office/index.asp. If you choose to use one of these plans, please make arrangements before the beginning of the quarter. MasterCard, Visa, and Discover are accepted.
Three-Part Payment Plan
You may divide your tuition into three payments. At least one third of your tuition will be due by the first day of class. The remaining balance will be payable in two payments due one month apart. There is a quarterly handling charge for this payment option.
Deferred Payment Plan
If you qualify for your company’s tuition reimbursement program, this plan will allow you to defer most of your tuition until the end of the quarter. There is a quarterly service charge for this payment option.