No. 1
Among Ohio universities for return on investment.
Payscale.com
Affordable ¾Ã¾ÃË®ÃÛÌÒ
College is one of the biggest investments a family can make, which is why ¾Ã¾ÃË®ÃÛÌÒ has made affordability a top priority. High-quality education at a reasonable cost awaits future RedHawks, and a degree from ¾Ã¾ÃË®ÃÛÌÒ can be their first step toward lifelong success.
By the Numbers
0%
Amount of cost increase over four years for undergraduate students in the ¾Ã¾ÃË®ÃÛÌÒ Tuition Guarantee Program.
The guarantee provides a four-year freeze on tuition, mandatory fees, housing, and dining for each incoming class of students.
$148 Million
The amount of aid awarded to undergraduate students entering in 2022.
93%
Fall 2023 first-year students who received gift aid (money that you don’t have to pay back).
I was an out-of-state student and ¾Ã¾ÃË®ÃÛÌÒ was an immediately welcoming community with such a sense of pride that has extended beyond my time at the university. When I was interviewing for jobs, the second I would say ‘I went to ¾Ã¾ÃË®ÃÛÌÒ of Ohio,’ the light bulb went on.
Anna Whitesite '24
Associate Consultant, Bain & Company
Controlling the Cost of Tuition
Since 2016, the ¾Ã¾ÃË®ÃÛÌÒ Tuition Promise has frozen tuition, housing, meals, special purpose, and course fees for four years for each incoming class, providing cost certainty for students and families. By holding these costs constant, ¾Ã¾ÃË®ÃÛÌÒ provides the confidence students and families need to plan financially for a college education. Cost stability also ensures that a student’s renewable scholarships and financial aid dollars retain their value during the four-year ¾Ã¾ÃË®ÃÛÌÒ experience.
The amount of financial aid awarded to ¾Ã¾ÃË®ÃÛÌÒ students has grown from $35.7 million to $148 million over the last ten years. 52% of fall 2021 first-year Ohio students paid between $0-$5,000 per year to attend ¾Ã¾ÃË®ÃÛÌÒ’s Oxford campus. Average merit scholarships for first-year students entering in fall 2023 was $7,144 for Ohio students and $16,805 for out-of-state students.
The average grant aid (money you don’t pay back) for Ohio students is $6,499 and $4,786 for out-of-state students.
Since 2017, the university has negotiated lower text book prices, resulting in more than $1.7 million in savings for students. Additionally, a shift to digital materials has resulted in more than $1.2 million in savings.
The ¾Ã¾ÃË®ÃÛÌÒ Access Initiative ensures that academically competitive students from Ohio families with an income of $35,000 or less pay no tuition and fees. In addition, factoring in financial aid, 16% of all first-year students in fall 2021 paid no tuition and fees and an additional 36% paid less than $5,000 in tuition and fees to attend ¾Ã¾ÃË®ÃÛÌÒ’s Oxford campus.
Students pay no extra tuition beyond 12 credit hours per semester, and more than 60% of academic programs offer a three-year pathway to completion — providing more value for the same tuition. With ¾Ã¾ÃË®ÃÛÌÒ being ranked #12 in the nation in four-year graduation rate (and #1 in Ohio), the estimated value of on-time graduation and starting a career a semester or year earlier than peers is $200,000.
In ¾Ã¾ÃË®ÃÛÌÒ’s ongoing Lean initiative to reduce costs and maximize efficiency, we have gained more than $111 million in new revenue or efficiencies while reinvesting in critical strategic priorities and building academic quality.
Thanks to a 20 percent discount on summer tuition rates for online courses for Ohio students, ¾Ã¾ÃË®ÃÛÌÒ undergraduates saved $1.2 million in summer 2021 compared with fall/spring rates. Over the past two years, the discount saved students $2.8 million. The summer tuition discount provides students with immediate savings and additional opportunities to complete coursework and reduce their time to degree.
Thanks to a 20 percent discount on winter-term tuition rates for online courses for Ohio students, ¾Ã¾ÃË®ÃÛÌÒ undergraduates saved $790,000 last winter and $1.6 million over the past two years.
Return on Your Investment
When you’re calculating the actual cost of college, it’s just as important to consider the quality of your education. It’s more than getting a job after you graduate. A ¾Ã¾ÃË®ÃÛÌÒ degree is the foundation upon which you can build an amazing future.
$132,800
Median salary for mid-career alumni (10+ years of experience)
Payscale.com
$69,100
Median salary for early-career alumni (0-5 years of experience)
Payscale.com
99%
of ¾Ã¾ÃË®ÃÛÌÒ 2023 graduates have a job, are in an advanced degree program, or are serving in the military
University Data
