Financial Aid Elgibility
Students who matriculate as first-year students may apply for assistance for eight semesters (10 semesters for double-degree students).
Transfer students' eligibility will be prorated based on their class standing at the time of matriculation. They must be enrolled in an academic program leading toward an undergraduate degree (or degrees, if enrolled in Oberlin's Double-Degree Program), and they must show satisfactory progress toward the completion of degree requirements as determined by the Academic Standing Committee of each division and outlined in the Course Catalog .
All aid awards will be based on full-time enrollment unless the Office of Financial Aid has received notification that the student is enrolled part time. If the student has received approval for part-time status, financial aid will be reduced by the amount the tuition is reduced. The aid reduced is in the form of a grant.
Students planning to take second-module courses should register for them by the end of the add/drop period. It is the student's responsibility to notify the Office of Financial Aid of this registration. Failure to do so will result in aid not being increased.
If a student receives any aid during a given semester, it is counted as one semester of eligibility.
To be eligible for federal and state financial aid other than the Federal Pell Grant, students must be enrolled for a minimum of six credit hours. The Federal Pell Grant will be reduced according to the number of hours for which a student is enrolled.
Students who enroll for only one semester will have their aid eligibility determined as follows:
One Semester's Cost of Attendance
– Half-Year Parent Contribution
– Full-Year Student Contribution
= Financial Aid Eligibility
Full-time enrollment is 14 to 20 credits per semester in the College of Arts and Sciences; 16 to 24 credits per semester in the Conservatory of Music; and 16 to 26 credits for double degree. If you carry an overload, you will receive an additional tuition charge. The Office of Financial Aid can sometimes provide loan assistance for this additional charge. Contact the Office of Financial Aid to request assistance.
Students who are considering withdrawal from Oberlin College should begin the process by contacting the Academic Advising Resource Center (AARC). Financial aid counselors are available to help with questions about how a withdrawal will affect financial aid.
Students who withdraw or take a medical or personal leave of absence during a semester may receive a tuition refund according to the refund policy published in the Course Catalog . Any financial aid received during a semester will count as one of your 8 semesters (10 for double-degree students) of financial aid.
Federal regulations require that Oberlin reduce a student's Federal Student Aid if the student withdraws before completing more than 60 percent of a semester. The percentage of Federal Student Aid that must be returned is equal to the number of days remaining in the semester at the time of withdrawal divided by the total number of calendar days in the semester. Scheduled breaks of more than four consecutive days are excluded from the denominator. Federal Student Aid includes the following:
- Federal PLUS Loans,
- Federal Stafford Loans (both subsidized and unsubsidized),
- Federal Perkins Loans,
- Federal Pell Grants, and
- Federal Supplemental Education Opportunity Grants (SEOG).
Aid from state agencies other than Ohio's will be returned to the state agency according to that state's return policy.
Financial aid from Ohio and financial aid from states that do not have a policy on return of funds will be returned at the same rate that tuition is refunded. For example, if a student receives a 60 percent refund of tuition, then 60 percent of that student's state aid will be returned.
Financial aid from Oberlin will be reduced so that the student's total financial aid (excluding work awards and unsubsidized loans) is reduced at the same rate that the student's tuition is reduced. For example, if a student receives a 60 percent refund of tuition, Oberlin will first reduce Federal Student Aid and state aid as described above. Then the student's Oberlin financial aid will be adjusted so that the remaining total financial aid (excluding work awards and unsubsidized loans) is equal to 40 percent of the original total.