|
Schedule of Fees for Academic Years 2007-08 and 2008-09
|
Top ^ |
A complete list of fees, which are adjusted annually, may be accessed via the College’s website www.otterbein.edu.
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 College’s website, the student agrees to abide by the College’s official policies concerning the adding and dropping of classes and complete withdrawal from the College. 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 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 College reserves the right to demand payment in full of subsequent terms of enrollment, prior to the beginning of each term to ensure enrollment. The College 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 College, 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 college 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 College’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 College’s website.
Refund Schedule for Tuition, Room and Board
|
Top ^ |
A refund schedule has been established for those students who withdraw from the College. The date used by the Business Office in the withdrawal refund/adjustment calculation is the official date of withdrawal as determined by the Registrar’s Office. Application fees, laboratory fees, tuition deposit, applied music fees, and other similar charges are not refundable. The basic refund schedule 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
|
Withdrawal received in writing or in person by 7 p.m. on
the Monday following the second week of the quarter |
70% of fees
due or paid |
Withdrawal received in writing or in person by 7 p.m. on
the Monday following the third week of the quarter |
60% of fees
due or paid |
Withdrawal received in writing or in person by 7 p.m. on
the Monday following the fourth week of the quarter |
40% of fees
due or paid |
Withdrawal received in writing or in person by 7 p.m. on
the Monday following the fifth week of the quarter |
20% of fees
due or paid |
Withdrawal received in writing or in person by 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 |
No refund |
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. Anyone who has received a federal Stafford or Perkins Loan must complete an Exit Interview.
The official refund schedule for Summer Session, interterm classes and workshops will be published in the appropriate schedule of classes.
Adjustments to full-time charges are made only during the add/drop period if a student adjusts his/her schedule. No adjustments to full-time charges are made after the add/drop period unless a student withdraws from the College entirely.
If a student withdraws or is expelled from Otterbein College, then the school or the student may be required to return some of the federal funds awarded to the student.
If a student will be withdrawing, the student must notify the Otterbein Registrar’s Office and complete a withdrawal form. This procedure will allow a refund of the maximum possible charges.
Otterbein’s Refund Policy exists for calculating the refund of institutional charges and assistance. Students who withdraw from the College will receive a pro-rated refund of educational and room/board fees due or paid, according to the Refund Schedule on page 278. The date used by the Business Office in the withdrawal refund/adjustment calculation is the official date of withdrawal as determined by the Registrar’s Office. The refund calculation for state assistance also follows this refund schedule, unless otherwise specified. The federal “Return of Title IV Funds” formula dictates the amount of Federal Title IV aid that must be returned to the federal government by the school and the student.
Return of Title IV Funds
A statutory schedule is used to determine the amount of Title IV funds a student has earned as of the date he or she ceases attendance. The amount of Title IV program assistance earned is based on the amount of time the student spent in academic attendance and has no relationship to the student’s incurred institutional charges. Up through the 60% point in each payment period or period of enrollment, a pro rata schedule is used to determine the amount of Title IV funds the student has earned at the time of withdrawal. After the 60% point in the payment period or period of enrollment, a student has earned 100% of the Title IV funds.
If a recipient of Title IV grant or loan funds withdraws from the College after beginning attendance, the amount of grant or loan assistance earned by the student must be determined. If the amount disbursed to the student is greater than the amount the students earned, unearned funds must be returned. If the amount disbursed to the student is less than the amount earned, and for which the student is otherwise eligible, he or she is eligible to receive a post-withdrawal disbursement of the earned aid that was not received.
Title IV funds are awarded to a student under the assumption the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.
Title IV funds generally include Pell Grant, Supplemental Educational Opportunity Grant, Perkins Loan, Stafford Student Loan and Parent Loan for Undergraduate Students.
Example: The percentage of financial aid that is due to the student (“earned financial aid”) is equal to the period of enrollment that the student completed as of the student’s date of withdrawal from Otterbein College, if this date occurs on or before completion of 60% of the period of enrollment. If the student’s withdrawal date occurs after the completion of 60% of the period of enrollment, the aid due to the student (“earned financial aid”) is calculated at 100%.
For example: A student enrolls at Otterbein College for the Fall 2006 quarter. The student decides to withdraw completely from Otterbein College on September 26, 2006. The total calendar days during Fall 2006 equal 73. The student withdrew on day 16 of 73. (16 divided by 73 = 21.9) Therefore, the student is able to keep 21.9% of the federal financial aid to help pay the charges for Fall 2006. The remaining 78.1% of the federal financial aid must be returned to the appropriate source in the order listed below:
- Unsubsidized Federal Stafford Loan
- Subsidized Federal Stafford Loan
- Perkins Loan
- Parent Loan for Undergraduate Students (PLUS)
- Federal Pell Grant
- Academic Competiveness Grant
- National Smart Grant
- Federal SEOG
- Other non-federal aid would be retained according to the published refund schedule and the fall bill would be adjusted accordingly.
Otterbein’s Financial Aid Programs
|
Top ^
|
Otterbein’s financial aid programs are based upon the following principles:
- Otterbein is committed to making your education financially attainable through scholarships, awards, grants, loans and work programs.
- Academic scholarships earned by the student are awarded for four years of study, Autumn through Spring quarters, provided the student meets the crieria of the award.
- Merit-based scholarships may reduce self-help for students who also receive need-based assistance.
- Need-based Financial Aid Awards will have loan and work-study components. Many of our full-time students receive some form of need-based financial assistance. We believe that our financial aid policy helps make an Otterbein education reasonably affordable to students from all economic levels.
Financial aid is renewed annually on the basis of continued financial need and satisfactory academic progress as defined by the College catalog. Since a family’s financial strength is subject to change, financial need and the amount of aid awarded may increase or decrease each year. Other factors may change a student’s award. Examples would include a change in housing status, enrolling at less than a full-time status, failure to maintain Satisfactory Academic Progress and changes to the family size.
Satisfactory Academic Progress (SAP)
|
Top ^
|
Students who fail to make satisfactory academic progress are subject to the loss of federal financial aid. Satisfactory academic progress is defined as achieving earned credit hours in a least two-thirds of all credit hours attempted and maintain the cumulative grade point average (GPA) outlined below. Courses in which IP’s, NR’s and W’s are received are considered attempted credit hours. Students who fall below the defined standard for satisfactory academic progress will be notified in writing. Warnings are issued as a courtesy; students must assume full responsibility for monitoring their own satisfactory academic progress. The College reserves the right to refuse registration to students who are failing to make satisfactory academic progress toward their degrees.
Federal regulations require that Otterbein College monitor the academic progress of students who apply for and/or receive federal financial aid. To remain eligible for financial aid, recipients are required to show satisfactory academic progress towards a degree, according to the qualitative and quantitative requirements listed in Registration under “Satisfactory Academic Progress.”
Any appeal to an academic progress decision may be submitted to Academic Council through the Academic Affairs Office no later than four weeks prior to the start of the quarter.
Undergraduate Students
- Students enrolled in an undergraduate program (B.A., B.S., B.F.A., B.M.E., B.MUS, B.S.E., B.S.N.)
- New freshmen and transfer students beginning the first quarter of enrollment.
- Continuing students applying for financial aid but who have never received aid.
Undergraduate students will be evaluated at the end of Spring Quarter on the basis of the following three criteria:
- Your grade point averages will be monitored according to college guidelines.
|
Earned Hours/Quality Hours
(whichever is greater)
|
Minimim Cumulative GPA |
| 1-20 |
1.00 |
| 21-30 |
1.40 |
| 31-50 |
1.70 |
| 51-65 |
1.85 |
| 66-270 |
2.00 |
- The number of hours you have attempted vs. the number of hours you have successfully completed will be reviewed. You must successfully complete at least 67% of the hours you attempt. Courses in which IP’s, NR’s and W’s are received count in the total attempt.
- You must complete your academic program within a reasonable time-frame, not to exceed 150% of the published length of the program. A student must meet all graduation requirements by the time the 270th hour has been attempted. All periods of attendance will be counted toward the maximum time frame and the qualitative component.
Non-Aid Recipients
The federal government requires that Otterbein College monitor the academic progress of non-recipients, too. Be aware that your academic progress during any term in which you do not have financial aid will be a factor in determining your eligibility for aid in subsequent terms.
Merit-Based Assistance
|
Top ^ |
Otterbein offers a number of scholarships based on academic ability, talent, and leadership potential. Below is a list of those scholarships and awards. With the exception of Department Scholarships and several endowed scholarships, all scholarships are offered to students at the time of initial acceptance to the College. Merit-based awards are offered without regard for financial need to full-time students for a duration of four years. Institutional merit-based awards will not exceed tuition. Priority is given to students who apply by March 1.
President’s Scholar Awards: $11,000
All first-time freshmen and transfer students identified as Otterbein Scholars (see below) who have demonstrated outstanding scholarship and leadership will be invited to compete for these scholarships through a special application and essay evaluation. The application deadline for President’s Scholar Awards is March 1. The application review process begins November 1; priority is given to early applicants. All President’s Scholar Awards will supersede Otterbein Scholar Awards. Recipients must maintain fulltime enrollment and a yearly college grade point average of 3.0 or better to retain the award.
Otterbein Scholar Awards: $7,000
These are awarded to first-time freshmen and transfer students who are in the upper 10 percent of their high school classes or who have a 3.5 or better grade point average on a 4.0 scale, and an ACT composite score of 24 or higher or a total of 1650 or higher on the SAT. Transfer students must have a 3.0 transfer g.p.a. Recipients must maintain fulltime enrollment and a yearly college grade point average of 3.0 or better to retain the award.
Otterbein Scholar Awards: $5,000
These are offered to first-time freshmen and transfer students who are in the upper 20 percent of their high school classes or who have a 3.4 or better grade point average on a 4.0 scale, and have an ACT composite of 22 or higher or a total of 1570 or higher on the SAT. Transfer students must have a 3.0 transfer GPA Recipients must maintain fulltime enrollment and a yearly college grade point average of 3.0 or better to retain the award.
Endowed Scholarships
Endowed scholarships are provided through the generosity of alumni and friends who have a desire to help students attain an Otterbein education. There are more than 150 endowed scholarships ranging in value from $800 to $1,500 per year. Endowed scholarships are awarded on the basis of academic ability, extracurricular activities and a written essay. Recipients must be enrolled as full-time students and maintain satisfactory progress toward a degree to retain the award. Applications are available from the Office of Admission.
Ammons-Thomas Awards
The Ammons-Thomas Award is named for Bishops Edsel A. Ammons and James S. Thomas of the Ohio United Methodist West and East Conferences. Ranging in value from $500 to $5,000 per year, these awards are offered to qualified students of color after acceptance to the College and an evaluation of a written essay. A limited number of Distinguished Ammons-Thomas Awards of up to one-half tuition are also available to outstanding students. Recipients must maintain fulltime enrollment and satisfactory academic progress toward their degrees. Applications are available from the Office of Admission.
International Baccalaureate Scholarships
Scholarships ranging from $1,000-7,000 are awarded to recognize participation in the International Baccalaureate Programme. The amount is determined by level of achievement and on an individual basis; $7,000 will be awarded to those who achieve the IB diploma; $1,000 for each IB certificate earned up to a total of five.
National Merit Finalist Awards
National Merit Awards of $2,000 are offered to students who have been recognized through the National Merit Scholarship Selection Process.
Battelle Scholarships
The Battelle Scholarship is awarded to incoming first-time freshmen who show unusual leadership potential and intellectual promise. The scholarship is worth one-half the cost of tuition. The award is renewed annually providing the recipient maintains fulltime enrollment and a 3.0 grade point average. To be eligible to apply for the Battelle Scholar Award, a student must live in or have graduated from a high school in either Delaware, Fairfield, Franklin, Licking, Madison, Pickaway or Union counties of Ohio. Application materials may be obtained from the Office of Admission upon request and must be completed and returned to that office by March 1.
Community Service Awards: $1,500
Community Service Awards are awarded to incoming first-time students who have demonstrated commitment to community service and scholarship during high school, and agree to coordinate a community service program while at Otterbein.
Department Scholarship Awards
Otterbein’s academic departments award scholarships to upperclass students who qualify on the basis of criteria established by each department. For application information, students should contact individual department chairpersons.
Legacy Awards
Legacy Awards of $1,000 are given to full-time students whose parent(s) or grandparent(s) attended Otterbein for at least two consecutive quarters.
Premier Departmental Awards
Premier Departmental Awards of $1,000 are awarded by various academic departments to talented prospective students who intend to be majors in the department.
Deans’ Awards
Deans’ Awards of $1,000 to $4,000 are offered to students who demonstrate leadership and involvement in high school and community services while maintaining a good academic record.
Talent Awards
Talent awards of $500 to $4,000 are given to incoming students who demonstrate outstanding ability and potential in visual art, music, communication and theatre. Talent awards are renewable for a maximum of four years of fulltime enrollment and subject to satisfactory performance as assessed by the department. Information about auditions and dates can be found on our website.
Music—Students who plan to seek a major in music or music education are eligible to be considered for music talent awards. An audition is required. Information about auditions and dates may be obtained by writing to: Chairperson, Department of Music, Otterbein College, Westerville, Ohio 43081, or call (614) 823-1508.
Music Participation—Students who are non-music majors are eligible to be considered for music participation awards. An audition is required. Information about audition dates may be obtained by writing to: Chairperson, Department of Music, Otterbein College, Westerville, OH 43081, or call (614) 823-1508.
Musical Theatre—Talent awards are available to students planning to pursue the interdisciplinary degree in musical theatre. Awards are based on ability, potential, and previous experience. An audition is required. For information about audition dates, write to the Department of Theatre and Dance, Otterbein College, Westerville, OH 43081, or call (614) 823-1657.
Communication—Awards are available to students planning to major in communication, broadcasting, business/organizational communication, journalism, organizational communication or public relations. Awards are based upon high school record, test scores, communication-related activities and completion of an essay. To be eligible for consideration, a student must be accepted to Otterbein. For information, please write: Chairperson, Department of Communication, Otterbein College, Westerville, Ohio 43081, or call (614) 823-1752.
Theatre—Talent awards are available to students planning to seek a major in the Department of Theatre and Dance. Awards are based on ability, potential, and previous experience. An audition or portfolio review is required. For information about interview dates, write to the Department of Theatre and Dance, Otterbein College, Westerville, Ohio 43081, or call (614) 823-1657.
Dance—Talent awards are available to students planning to seek a minor in dance in the Department of Theatre and Dance. Awards are based on ability, potential, and previous experience. An audition is required. For information about audition dates, write to the Department of Theatre and Dance, Otterbein College, Westerville, OH 43081, or call (614) 823-1657.
Art—Awards are made to students planning to major in visual arts. Selections are based on the evaluation of a portfolio submitted by the student and an interview. For information, please write to: Chairperson, Department of Art, Otterbein College, Westerville, Ohio 43081, or call (614) 823-1508.
United Methodist Scholarships
There are United Methodist Denominational and Conference Scholarships for United Methodist students available each year. A number of these scholarships are awarded to Otterbein students each year. Applications may be obtained from The Financial Aid Office, Otterbein College, Westerville, Ohio 43081, or call (614) 823-1502.
Bridge Scholarships
Given to fulltime students transferring from community colleges with an earned Associate of Arts (A.A.) degree. Students with an A.A. and a 3.5 or better grade point average on a 4.0 scale receive $4,000 per year. Students with an A.A. and a 3.0 to 3.49 grade point average on a 4.0 scale receive $3,000 per year. Scholarships are renewable annually for a total of two years.
Otterbein Transfer Scholar Awards
Traditional-age transfer students who have attempted at least 12 quarter hours or 18 semester hours of coursework and who have earned a transferrable GPA of 2.8 or higher will receive a $2,500 Otterbein Transfer Scholar Award. This award is renewable during the regular academic year and is based on full-time enrollment. (If you qualify for an Otterbein Scholar Award or Bridge Scholar Award, you would receive one of those awards rather than this transfer award.)
R.O.T.C. Scholarships
Air Force ROTC and Army ROTC offers four-, three-, and two-year scholarships. The four-year scholarship is applied for during the senior year in high school. Threeand two-year scholarships are offered to qualified men and women in college and are available in every major. The benefits provided by scholarships may include full payment of tuition, $600 per year for textbooks, and a monthly tax-free allowance of between $250 and $400. Upon entering the Professional Officer Course (POC), all cadets (scholarship and non-scholarship) receive the $350 per month tax-free allowance. This information is subject to change. Through cooperative agreements, students attend Air Force R.O.T.C. classes at nearby Ohio State University and Army R.O.T.C. classes at nearby Capital University. Scholarship applications and additional information may be obtained by contacting Ohio State at (614) 292-5441 or Capital at (614) 236-6649.
Need-Based Assistance
|
Top ^ |
To be considered for need-based financial aid, each student must file a Free Application for Federal Student Aid (FAFSA). Students accepted through the Office of Continuing Studies must also complete the Otterbein College Institutional Aid Form (IAF). There is a financial aid priority filing deadline date of April 1 . The FAFSA may be obtained from your high school guidance counselor, the Otterbein Financial Aid Office or completed online through a link at www.otterbein.edu or www.fafsa.ed.gov. Aid recipients must be regular students enrolled in an approved degree or certificate program.
Financial aid may consist of single or combined offers of non-repayable scholarships and grants, loans and part-time campus employment. By filing the FAFSA, you will be considered for all need-based financial aid offered by the College. The total grant and merit assistance from Otterbein will not exceed tuition. Continuing Studies students must also complete an Institutional Aid Form (IAF).
Federal Grants and Stafford Student Loans are awarded to eligible students during any period of enrollment, including summer. College funds (need based or scholarships) are not available for students attending in the summer, or less than full-time. Financial aid is awarded with the expectation that it will be renewed annually on the basis of funds available, academic progress toward a degree, eligibility, and continued financial need. The FAFSA must be updated and submitted each year in order to renew aid. The suggested timeline for applying for financial aid is between January 1 and April 1 of the year preceding enrollment.
Below is a description of the types of financial aid offered or administered by Otterbein College. For further information about financial aid write to: Office of Financial Aid, Otterbein College, Westerville, Ohio 43081, or call (614) 823-1502, or toll free at 1-888-OTTERBEIN, or E-mail at Financial Aid@Otterbein.edu.
The grants listed below are applicable to the student’s first undergraduate degree only. Students must be degree-seeking.
Otterbein Grants
Otterbein Grants are College funds awarded to students on the basis of demonstrated financial need to full-time undergraduate students Completion of the FAFSA is required. The Otterbein College Institutional Aid Form (IAF) is also needed for Continuing Studies students and Graduate students.
Sibling Grants
When two or more dependent sibling students are enrolled full time concurrently at Otterbein College, each student will receive a grant of $1,000 for each year of concurrent enrollment.
Otterbein United Methodist Ministerial Grants
Dependent sons and daughters of United Methodist clergypersons who are probationary members, elders in full connection and Deacons in full connection, are assured a United Methodist Ministerial Grant of $7,000 annuually.
State Grant Programs
Ohio residents may receive Ohio College Opportunity Grants (OCOG) of up to $4,992 per year. Application is made by completing the state information request on the FAFSA. Students who are residents of Delaware, Michigan, Pennsylvania, Rhode Island and Vermont may receive state grants which may be used to help meet educational costs at Otterbein College. Students should contact their high school guidance counselors or state department for further information.
Ohio Student Choice Grant
Residents of the state of Ohio who attend Otterbein on a full-time basis and have not attended an institution of higher education full-time before July 1, 1984, are eligible to receive The Ohio Choice Grant which has ranged from $900-1,100 per year.
Federal Pell Grant
This is a federal program through which an undergraduate student may receive for the academic year up to a maximum yearly grant of $4,050. Application is made by completing the FAFSA. The Federal Pell Grant is available to all levels of enrollment if student is eligible.
Federal Supplemental Education Opportunity Grants
A limited number of students who demonstrate a high degree of financial need are awarded the Federal Supplemental Educational Opportunity Grants (FSEOG).
Federal Perkins Loan
The Federal Perkins Loan Program is funded by both the College and the federal government. Low-interest, long-term loans are awarded on the basis of exceptional financial need. Interest is not charged while the student is enrolled at least half-time (six credit hours). Repayment begins nine months after graduation or termination of at least halftime enrollment. The loan is repaid in installments with a minimum payment of $40 per month ($480) per year. The maximum repayment period is 10 years, though smaller loans (under $3,600) will be repaid sooner. The current interest rate is five percent.
Federal Stafford Loan
Subsidized and/or Unsubsidized Federal Stafford Loans are available to all students enrolled in at least a half-time basis (six credit hours). These loans are financed through participating lending institutions such as banks, credit unions and savings and loan associations, and are insured by the government. First-time borrowers should choose one of our preferred lenders. Refer to the loan section of the College website for financial aid materials or contact the Financial Aid Office for more information. Under the subsidized loan program, the federal government pays the interest for eligible need-based students while they are enrolled in at least a half-time basis. Students who do not have demonstrated need or full interest subsidized aid eligibility may borrow from the Unsubsidized Federal Stafford Loan Program. The student is charged loan origination and guarantee fees for each loan that is made. A maximum of $3,500 may be borrowed annually for the first year of undergraduate enrollment and $4,500 the second year then a maximum of $5,500 a year for the last two to three years of school. The total borrowed for dependent undergraduate study cannot exceed $23,000.
Federal PLUS Loans
PLUS (Parent Loans for Undergraduate Students) loans are available to parents of dependent undergraduate students regardless of demonstrated need restrictions. These loans are financed through participating lending institutions such as banks, credit unions and saving and loan associations.
An amount up to the difference of the cost of education minus financial aid may be borrowed each year. The interest rate is variable, adjusted each year. A PLUS preferred lender list is available.
Repayment of PLUS generally must begin 60 days following the final disbursement. The lender will provide additional repayment details.
PLUS borrowers should complete the Parent Loan Request Form and select a preferred lender from our list.
Additional Loan Programs
United Methodist Student Loan
Offerings received from the annual United Methodist Student Day provide loan funds for United Methodist students. The annual maximum loan is $2,500 with interest at six percent charged each year from the date the loan is granted until repaid in full. A student may borrow once per calendar year. No more than $15,000 may be borrowed during the student’s entire educational program. Loan checks are made payable to the student and are issued only after the student is in classroom attendance at the college.
Interest accrues from the date the loan check is issued and continues until the loan is paid in full. Monthly repayment of the loan plus interest begins six months after graduation or withdrawal and may be extended no more than 120 months from date first payment is due. A deferment may be arranged if the borrower returns to school in an accredited program.
To be eligible for a loan, an applicant must have been received into full membership in the Church for at least one year prior to application, be a citizen of the United States or have permanent resident status and have a C grade average or better. Loans are available to undergraduate and graduate students.
Applications may be obtained from the Financial Aid Office. Additional information may be found at www.gbhem.org.
Henry Strong Loan
The Henry Strong Educational Foundation provides a limited number of loans to students with financial need. Eligibility for the loan is determined by the Financial Aid Special Circumstance Committee and bears an interest rate of five percent.
The Henry Strong Loan may be granted to students under the age of 30. The amount of the loan is dependent upon need, the students personal resources, and available funds from other sources. The Foundation expects a student who has to borrow to use every means possible—scholarships, summertime employment, school jobs, etc.—to keep the amount a student must borrow to a minimum. A loan from this fund cannot be consolidated with any other loan program.
Pifer and Schell Loan
Pifer and Schell Loans are college-based, short-term loans made to students in emergency situations. Based on fund availability, the loan is approved after the student’s request is reviewed by the Financial Aid Special Circumstance Committee.
Alternative Loans
Additional private loans are available to students and families through a variety of participating lending institutions. Information and a preferred lender list are available by contacting the Office of Financial Aid, Otterbein College, Westerville, OH 43081 or at the College website, www.otterbein.edu/admission/financial_aid/alt_loans.pdf.
Federal College Work-Study
This program is funded jointly by the College and the federal government and provides part-time employment to students who demonstrate financial need. Selection of the recipients and determination of the amount each student may earn during the academic year is made by the Financial Aid Office. Students may work up to 20 hours per week during the Autumn, Winter and Spring terms and up to 40 hours per week during vacation periods. Students are paid once a month by check for actual hours worked.
Job openings are posted on-line in the financial aid section of the Otterbein website. Students should apply for jobs soon after the beginning of classes. Employment is available in such departments and offices as the bookstore, library, maintenance department, physical education center, residence halls, faculty and administrative offices, and community service sites.
Non-Federal College Work-Study
This program is funded entirely by the College and provides part-time employment primarily to students who do not demonstrate financial need. A limited number of jobs is available during both the academic year and the summer on a first-come, firstserved basis. Students employed under this program must be enrolled as full-time in the undergraduate program (12 or more credit hours per term) and may not have previously received bachelor’s degrees.
Additional Financial Aid Sources
|
Top ^ |
Ohio Academic Scholarship
Ohio Academic Scholarships are awarded by the Ohio Board of Regents to high school seniors who qualify on the basis of competitive academic credentials. The scholarship is renewed annually providing the recipient maintains satisfactory academic progress. Specific information may be obtained by contacting your high school counselor.
Ohio National Guard Scholarship
Ohio National Guard Scholarships are available to eligible students who enlist in the Ohio Air or Army National Guard for a period of six years. The scholarship is renewed annually providing the recipient maintains fulltime enrollment and satisfactory academic progress. Information may be obtained by contacting the Ohio National Guard, Adjutant General’s Department, 2825 West Granville Road, Columbus, OH 43234-2712.
Vocational Rehabilitation Benefits
Benefits are available to eligible students who have disabilities that are considered a handicap to employment. Specific information may be obtained by contacting the local State Bureau of Vocational Rehabilitation Office. Recipients must notify the Financial Aid Office annually regarding their eligibility.
Ohio War Orphans Scholarships
Ohio War Orphans Scholarships are available to eligible children of disabled or deceased war veterans and children of persons declared prisoners of war or missing in action in Southeast Asia. The scholarship is renewed annually providing the recipient maintains satisfactory academic progress. Specific information may be obtained by contacting the Ohio Board of Regents—(614) 466-7420 or (888) 833-1133, or by visiting www.regents.state.oh.us.
Veterans Benefits
Benefits are available to eligible veterans of the Armed Forces and eligible spouses, widows, widowers and children of veterans who died or are permanently and totally disabled as a result of service in the Armed Forces. Contact your veteran’s administration center for additional details.
Employee Benefits
Many corporations and small companies offer financial aid benefits to employees or their children. Often these sources are overlooked by students and their families. For more information contact the personnel office or supervisor of your employer.
Otterbein I Know I Can Grant
Students who attend high schools in the Columbus Public School System may be eligible to receive a grant. Contact the I Know I Can Program, Columbus Public Schools, Columbus, OH 43215— (614) 469-7044.
The Tuition Exchange Inc. Scholarships
Full tuition scholarships may be available to eligible students whose parents work for a college or university that is in good standing with The Tuition Exchange, Inc. For more information, contact the TE Liason Officer at your parent’s school or visit the following web site: www.tuitionexchange.org.
Conditions of Financial Assistance
The Financial Aid Office has the right to adjust or void an offer of aid at any time it is found necessary. Such adjustments may result in the student owing a repayment. This action may be the result of a change in student status, determination that an award was made based on false or outdated information, the availability of federal, state, or institutional funding, the late completion of application materials, conflicting information, or an unintentional processing error on the part of Financial Aid Office systems or staff. Additional documents may be requested from the student or family.
Students are required to attend class and adhere to the appropriate federal, state and College regulations. If a student wishes to leave Otterbein, he or she must initiate the formal withdrawal process through the Registrar’s Office.
The Financial Aid Office uses a student’s Otterbein-assigned email address as a primary method of communication.
|
