Oberlin College Costs

The chart below details the expenses involved in an Oberlin education for the current academic year. Over the last five years, Oberlin's required expenses, including tuition, have increased at an average annual rate of 5 percent.

Oberlin College Costs 2008-2009 Tuition $38,012 Multi-Occupancy Room $5,150 Board $4,720 Activity Fee $268 Total - Standard Student Charges $48,150

Other Costs 2008-2009 Student Health Insurance* $770 Part Time, per credit $1,580 Overload, per credit $1000 Artist Diploma Tuition** $18,960

*Student health insurance is billed in the fall semester; with certain exceptions, students who have other adequate coverage are not required to purchase this insurance.

**Artist Diploma students enroll in 6 credit hours per semester.

 

Estimated Expenses 2008-2009 (Oberlin does not bill for these expenses, but they are used in determining financial aid eligibility.) Books $830 Personal Expenses $978 Travel varies by state

The Billing Cycle

The Office of Student Accounts issues term bills in early August (with payment due in late August) for the fall semester and in early January (with payment due in late January) for the spring semester.

Your term bill will be sent to the permanent home address that you have on file with the Office of the Registrar. To receive a copy of the billing statement at a second address, you must submit a written request to the Office of Student Accounts.

Term bills may not reflect your financial aid award. This can happen for several reasons.

• If we have not received all the information needed to finalize your financial aid eligibility, your file is considered incomplete. In general, aid is not credited to an account until your file is complete.

• If you have not yet completed your loan entrance counseling before the fall term bills are mailed, your loan will not be sent to Oberlin. (Read about entrance counseling)

• Outside scholarships are credited to your account when Oberlin receives the funds. Generally, this occurs after you have officially enrolled and classes begin. Many outside scholarship agencies require you to provide an invoice or enrollment verification before a check will be sent. You should contact the scholarship program to see if there are special requirements.

• Work-study is not automatically credited to your bill. Students will receive a paycheck every two weeks based on the number of hours they work. Students are responsible for finding employment. (Read about student employment) You and your family should decide how your paychecks will be used. Many students use earnings to make payments to their bill. But you may also use your earnings for personal expenses if your bill is paid by other means.

If you receive an invoice that does not include your financial aid, you should reconcile your financial aid award with your billing statement and anticipate what your balance will be after your aid is credited. You may pay the anticipated balance.

For detailed information about billing, see the Office of Student Accounts web site.

Payment Plans

A number of financing plans are available to assist families with financing an Oberlin education. Three options are listed below; they divide Oberlin's cost into 10 monthly payments (five payments per semester).

Oberlin College does not recommend one program over another. The decision to participate in any of the programs should be based on the unique circumstances in each household. This information is as current as possible but is subject to change.

TuitionPay from SallieMae
• Payments begin in June.
• $50 annual fee.
• No interest.
• Direct debit option.
• Tuition Protection Coverage.
• Credit card payments available.
For more information call 800-635-0120.

Tuition Management Systems, Inc.
• Payments begin in June.
• $50 annual enrollment fee.
• No interest.
• Direct debit option.
• Credit card payments available.
For more information contact Tuition Management Systems, Inc., at 800-722-4867.

Oberlin College Budget Payment Plan
• Payments begin in August.
• Monthly service charge of 1 percent on unpaid balance.
• Balance due must be cleared by the close of the semester.
Additional information is included with every semester's billing statement. You may also contact the Office of Student Accounts.