Tuition, Fees and Payment Plans

Schedule of Fees
Payment of Fees
Refund Schedule
Fee Payment Plans

Schedule of Fees

Top ^

Academic Year 2007 – 2008
Fees are adjusted annually to reflect current costs.

Tuition

Graduate Level Education and Nursing Courses	$315/credit hour
Graduate Level Business Course	$340/credit hour
Undergraduate Level Course	$300/credit hour

For any related fees, please refer to the College’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.

Payment of Fees

Top ^

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 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 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 College reserves the right to demand payment in full of subsequent terms of enrollment, prior to the beginning of each term to ensure enrollment. Otterbein College 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 College 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 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.

Refund Schedule

Top ^

A refund schedule has been established for those students who withdraw from the College. 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	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.

The official refund schedule for Summer Session, interterm classes and workshops will be published in the appropriate schedule of classes.

Fee Payment Plans

Top ^

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.

About Otterbein

Apply to Otterbein

Campus Life

On Campus

Contact Otterbein

Tuition, Fees and Payment Plans

Schedule of Fees

Tuition

Payment of Fees

Refund Schedule

Fee Payment Plans

Three-Part Payment Plan

Deferred Payment Plan