The Office of Financial Aid helps qualified applicants who without
assistance would be unable to pursue a college education. For 170
years, Oberlin alumni and friends have generously assisted needy
students through gifts and permanent scholarships.
Oberlin's historic dedication to an economically diverse student
body results in nearly all funding through our Office of Financial
Aid being committed to students and families in financial need.
More than one-fifth of Oberlin's annual budget goes to scholarship
assistance. During the 2003-2004 academic year, Oberlin College provided
almost $36.5 million in need-based financial aid. Almost two-thirds
of students received a total of more than $50 million in aid from
Oberlin College, federal, state and private sources.
Financial-aid applications for new and transfer students are included
in Oberlin College's admissions materials mailed to all prospective
The PROFILE form of the College Scholarship Service (CSS) is used
to calculate family contributions for all first-time aid applicants.
Students may register for the PROFILE in the fall preceding the academic
year for which they are applying for aid.
Oberlin's Office of Financial Aid carefully reviews each PROFILE,
frequently revising the CSS evaluation, with particular attention
paid to such factors as income and business losses, other family
members attending college and family assets.
All students must also complete the confidential Free Application
for Federal Student Aid (FAFSA) after January 1. Applications for
currently enrolled students are available through the Office of Financial
Aid in December and are due by late April.
Returning students not currently enrolled or in residence should
write to the Office of Financial Aid for an application. Applications
from returning students, including the FAFSA, are due by April 25
for the fall semester and by November 1 for the spring semester.
Students must apply each year for renewal of financial aid. The amount
of awards through four years (five years for double-degree students)
will reflect changes in Oberlin's costs as well as changes
in the financial profile of the student and family.
The Funding Package
Oberlin evaluates the PROFILE, tax returns and other information
to determine financial need, which is the difference between the
total cost of attending Oberlin and the ability of the family to
contribute to those educational costs. Oberlin College costs are
tuition and fees charged to all students, double room and dining,
plus an allowance for books and supplies, estimated personal expenses
and limited travel.
Oberlin College calculates the amount a family can contribute to
a student's education by examining:
1. parental income and assets;
2. benefits, such as those from an employer;
3. awards from outside agencies; and
4. student assets and expected savings from summer employment.
Financial aid is usually awarded to students in a three-part package
which consists of:
1. money earned by the student from campus employment;
2. education loans taken out by the student or family; and
3. outright gifts or grants of scholarship money.
Eligibility for Scholarship Aid
Students who matriculate as freshmen may apply for assistance for
eight semesters (10 semesters for double-degree students). The eligibility
for transfer students will be prorated based on their class standing
at the time of matriculation. They must be enrolled in an academic
program leading toward their undergraduate degree (or degrees, if
part of Oberlin's double degree program), and show satisfactory progress
toward the completion of degree requirements, as determined by the
Academic Standing Committee of each division.
Sources of Funding
Eligible students can avail themselves of the National Merit Scholarships,
the National Achievement Scholarships, the Ohio Choice Grant and other
outside scholarships offered by local foundations, clubs and business
College sponsors a number of National Merit Scholarships, in amounts
ranging from $750 to $2,000. Finalists in the National Merit Scholarship
program competition are eligible for consideration for Oberlin-sponsored
National Merit Scholarships if they (a) declare Oberlin as their first-choice
college; (b) have filed an application for admission to Oberlin College;
and (c) have not been selected as winners of other Merit Scholarships.
and grants do not have to be repaid.
Sources of Assistance
Various kinds of financial assistance from agencies other than Oberlin
College are considered in calculating a student's financial award
to ensure availability of assistance to as many eligible students
as possible. Consequently, all students are asked to apply for all
federal and state grants for which they may be eligible. Should they
receive assistance from public or private agencies, students must
notify Oberlin's Office of Financial Aid. This applies even if assistance
is received after the financial-aid application is completed or after
an Oberlin award is made.
Loans to parents, including the Federal Parent Loans for Undergraduate
Students (PLUS), are available. Information about these loans, which
usually carry lower interest rates, may be obtained from banks, savings
associations and other lending agencies in most communities.
Oberlin is a leader in offering financial aid to the most highly
qualified international applicants. The amount of aid is determined
solely on the basis of the student's financial need. Before
a visa is issued, all international students who request financial
aid are asked to show evidence of having resources equal to the difference
between Oberlin's cost and the financial-aid package for each
year they will be in the United States. For additional information
regarding international student financial aid, please contact the
Office of Admission.
For additional information on need-based financial aid at Oberlin,
please contact the Office of Financial Aid by telephone 800-693-3173,
by email@example.com, or on the web at www.oberlin.edu/finaid.