As a prospective student, one of the foremost factors you must take into consideration before applying to Ohio State University is the cost. The Ohio State University cost consists of tuition and other components like living expenses,, accommodation, and other related fees. Adequate research must be done to identify ways to cover the actual costs of your studies.
Your degree completion plan should also go over Ohio State University’s tuition, payment plans, and financial aid that can help reduce the overall costs. This guide offers crucial information about the Ohio State University including ranking, programs, cost calculation, expected living expenses, and more.
Ohio State University Rankings and Profile
- Accreditation: Higher Learning Commission
- Acceptance Rate: 57%
- Graduation Rate: 88%
- US News & World Report Ranking: #49
- Times Higher Education Ranking: #85
Ohio State University was established in 1870 as a mechanical and agricultural college. It grew into recognition for its wide-ranging offerings including English, and ancient and foreign languages. With a total enrollment of over 50,000, the school offers a blend of excellent academic services, rich cultural and historic heritage, and state-of-the-art research centers.
It is a public research university that is recognized for its cancer hospital and academic medical center. It offers in-demand programs for graduate and undergraduate students, such as medicine, engineering, and accounting. The university offers low tuition rates, with scholarships and other financial aid available for students. It is a big school in Columbus, Ohio, with an easy admission process.
How Much Does Ohio State University Cost?
Ohio State University costs an average of $11,936 for undergraduate students and $12,435 for graduate students per year. This actual cost covers your tuition and fees if you reside within Ohio. For full-time students residing outside Ohio, it costs an average of $35,019 for undergraduate students and $38,377 for graduate students. You’ll also pay an estimate of $1,012 for books and supplies. This cost does not include accommodation or living expenses.
Ohio State University Tuition, Fees, and Other Expenses
| Expense | Ohio State University Cost |
|---|---|
| Ohio State University Undergraduate In-State Tuition and Fees | $11,936 |
| Ohio State University Undergraduate Out-of-State Tuition and Fees | $35,019 |
| Ohio State University Graduate In-State Tuition and Fees | $12,435 |
| Ohio State University Graduate Out-of-State Tuition and Fees | $38,377 |
| Ohio State University Books and Supplies | $1,012 |
The average cost of tuition and fees at Ohio State University is affordable and not as expensive as other public universities like University of Pennsylvania and University of Florida. The school also provides financial aid through private sources, in addition to federal and state funding. This can be in the form of loans, grants, scholarships, or work-study programs.
Ohio State University Living Expenses
| Expenses | Ohio State University Cost |
|---|---|
| Ohio State University On-Campus Room and Board | $13,392 |
| Ohio State University Off-Campus Room and Board | $11,952 |
As shown above, the living expenses at Ohio State University are considerably affordable, even after taking into account the accommodation and other expenses. This figure may vary depending on your residence. If you reside off campus, the cost is relatively cheaper than living within the campus. It will also potentially cost much less if you live with family or friends off campus.
Cost of Living in Columbus, Ohio
The cost of living in Columbus, Ohio is eight percent lower than the national average. The cost of living varies depending on your field of study, housing cost, utilities, cost of groceries, and transportation. According to PayScale, the cost of living in Columbus, Ohio is 52.9 percent lower than in San Francisco. The cost of housing is also 74.6 percent lower than that of San Franciso.
Columbus is the state capital of Ohio. It is known for its zoo and aquarium, art museum, huge interactive fountains, the German village, and other famous spots. The city is a center of science and industry. Columbus’ makeup includes a blend of industries such as health, advanced manufacturing, logistics, and finance and insurance.
Ohio State University Financial Aid Statistics
Ohio State University offers financial aid for eligible students. The aid can be in different forms, such as federal grants, state grants, or scholarships. It could also be in the form of federal or private student loans. Students are encouraged to go to the student financial aid website to review and apply for the relevant financial aid.
According to the National Center for Education Statistics, about 83 percent of Ohio State University full-time undergraduate students use some form of financial aid to cover their educational expenses. That amounts to 7,117 students. Seventy-two percent of them received federal grants or scholarship aid totaling $73.3 million.
Meanwhile, 38 percent of students who are not on any financial aid utilized federal and other student loan options to fund their education at Ohio State University. There are also some students who opted for the Federal Work-Study program and financial aid from other private sources.
Does Ohio State University Accept FAFSA?
Yes, the school accepts FAFSA. Ohio State University students are required to complete the Free Application for Federal Student Aid (FAFSA) form yearly. The FAFSA form covers all forms of financial aid at the school. The aid could be federal, state, or other institutional financial aid. The window for applications opens on October 1 each year.
Does Ohio State University Accept GI Bill Benefits?
Yes, Ohio State University accepts GI Bill benefits, a form of benefits available to support military students and veterans looking to further their education. GI Bill benefits can also be used to cover the cost of online programs at Ohio State University, so long as you meet the basic requirements for the benefits.
Is Ohio State University a Yellow Ribbon School?
Yes, Ohio State University is a Yellow Ribbon school. The Yellow Ribbon status helps full-time students pay for their tuition and fees after 9/11. The program was established by the Post-9/11 Veterans Educational Assistance Act of 2008.
Ohio State University Scholarships and Grants
- International Research and Scholarship Grant. Established by the Offices of International Affairs, Research, Student Academic Success, and the Global Gateways, it is a grant competition for undergraduate students who are conducting international research with a creative expression, both at home and abroad, or are advancing a global-oriented knowledge. The grant awards stipends between $1,000 to $5,000.
- Benjamin A. Gilman International Scholarship. This scholarship is sponsored by the US Department of State and enables students with the limited financial capacity to study or intern abroad. It is open to US citizens who are recipients of the Federal Pell Grant at a four-year or two-year college. It favors students in STEM fields, ethnic minorities, and students with disability. The scholarship provides up to $5,000 and an additional $3,000 for students studying critical languages.
- Land Grant Opportunity Scholarship. The Land Grant Opportunity Scholarship is open to students who are Pell-eligible and can show academic merit. Each year, 176 students from Ohio, with two from the county, are awarded. The award covers the student’s full cost of attendance. Applicants must complete the FAFSA form to be considered.
- National Buckeye Scholarship. This scholarship is designed for US students who are not residents of Ohio but are highly competitive as demonstrated by their grade point average, SAT or ACT scores, the rigor of high school curriculum, or class rank. A successful applicant can get up to $13,500 per academic year. The award can be combined with the Maximus, Trustees, or Provost Scholarship.
- Morrill Scholarship Program (MSP). The Morrill Scholarship Program (MSP) is recognized as one of the premier scholarship programs in Ohio. It is open to students who are academically talented and are actively engaged in social justice, diversity-based leadership, and service.
You must be admitted to the Columbus campus of the school for the autumn semester after your high school graduation. There are three types of awards that can be given: Distinction (which covers the total cost of attendance), Prominence (which covers in-state tuition and non-resident surcharge), and Excellence (which covers the cost of in-state tuition for students resident in Ohio).
Ohio State University Average Net Price by Income
| Family Income | Ohio State University Net Price |
|---|---|
| $0 to $30,000 | $7,759 |
| $30,001 to $48,000 | $8,932 |
| $48,001 to $75,000 | $14,619 |
| $75,001 to $110,000 | $22,494 |
| $110,001 and up | $26,051 |
The net price for the full-time study of a student is calculated by considering a number of factors. The financial aid and scholarships were subtracted from the tuition and expenses to arrive at the average net price. As an intending student of Ohio State University, you need to know the calculation of the average net price by income. It will enable you to plan ahead for your college study upon graduation from high school.
How to Calculate Ohio State University Cost
With the estimate of the average net price at Ohio State University, incoming undergraduate students can use each net price to family income to know which one they can afford. If your family income is between $30,001 and $48,000, it is uneconomical to plan your studies based on a net price of $26,051. You’ll choose a net price of $8,932 and find ways to reduce your expenses by residing within the state and applying for financial aid.
The school’s net price calculator is designed to provide students with an early estimate of the expected cost of attending the school. You will also be able to identify the amount of financial aid you qualify for. In general, it is a good planning tool for students seeking to enroll in an undergraduate program at Ohio State University.
Is the Cost of College Too High?
No, the cost of college is not too high, especially considering the quality of education that you would get. Schools like Ohio State University, for example, offer a variety of financing options and accept a wide array of financial aid, grant, and benefits. You can also afford college easily if receive a scholarship and make the effort to save money.
Ohio State University Student Debt
- Students Receiving Federal Loans: 36%
- Median Debt After Graduation: $20,500
- Average Monthly Loan Payment: $205
At Ohio State University, 36 percent of the student population has access to federal loans. The average total debt owed for undergraduate students who borrowed during their time in college but were unable to pay back is $20,500. Based on a standard payment plan of 10 years, the average monthly loan is $205. Repaying your student loan based on an income-repayment plan will place your monthly repayment at an affordable rate.
The amount you’ll be required to pay will be based on your income and family size. This is important as the amount of student loan debt is on the rise. According to education data, an average of $31,790 in federal loans is owed by 63 percent of bachelor’s degree holders. Forbes states that federal student loans make up to 92 percent of outstanding student debt.
Ohio State University Tuition Payment Plans
Ohio State University has a Tuition Option Payment Plan (TOPP) that allows you and your family to divide the cost of tuition, fees, and housing into installments. This enables you to make payments in batches for the spring and autumn semesters. You must sign up for the payment plan each semester and enroll with a non-refundable fee of $30.
Ohio State University Graduate Salaries and Outcomes
About 73 percent of graduates earn more than high school graduates with their median salary at $55,332. The achievements and outcomes of graduates of Ohio State University span across the globe. Inventions and research by alumni are also highly recognized. Up to 78 percent of graduates who are bachelor’s degree holders were employed between 2010 and 2014. Aside from the actual classes, the school also provides special services for final-year students.
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How to Save Money in College
- Do thorough research. Research the tuition, living expenses, and other costs so that you can seek an income level to match them. You may need to check the school’s net price calculator to know which is best for you. The respective costs for Ohio residents, international students, and non-Ohio residents should be noted, as well as the program cost estimates.
- Create a savings plan. You need to create a savings plan as early as you can. To be as organized as possible, you can create separate accounts for each different college expense you may incur. The more money you can put away, the easier managing college costs will be. A budget will be a very helpful tool here.
- Apply for financial aid. One of the common ways to save money in school is by applying for financial aid in the form of scholarships and grants. Some financial aid covers 100 percent of your study cost or full accommodation, while others are partial funding. This will help you save a great deal of money in the long run.
- Take online courses. Consider taking online college courses for credit ahead of time to reduce your college course load, thus reducing your overall costs. You could also consider living off-campus and save around $11,000 in college costs. Be sure you live within your means.
- Speak with advisors. Speaking with a career advisor or a member of the college admissions department will help you understand the breakdown of your expenses and give you clarity on the full scope of costs. They can also offer guidance on options for funding.
Is Ohio State University Affordable?
Yes, Ohio State University is affordable if you take advantage of financial aid and make a proper plan before your enrollment. This helps you prepare and adopt a lifestyle that matches your financial capacity. It will also cost you less if you are an Ohio resident. Don’t forget to consider housing costs, student fees, books, and other related expenses, in addition to tuition.
Ohio State University Cost FAQ
It costs an average of $11,936 to study at the Columbus campus of Ohio State University per year. It costs $35,019 if you are a non-resident student. These figures include instructional and general fees. However, the total may differ depending on other expenses that may incur.
Yes, living in Ohio is considerably cheap for students. According to a US News report, Ohio ranked first in affordability after taking into account factors like the costs of living and housing prices. This means off-campus students should be able to maintain a decent lifestyle when studying in Ohio.
Yes, Ohio State University offers eligible students financial aid in the form of scholarships, grants, and more. Depending on the financial aid, you may be able to cover full or partial tuition. Some financial aid may be one-off while others may cover the entire four-year study period.
You are eligible for financial aid if you meet the eligibility requirements. Not all financial aid is designed the same—some are merit or need-based while others may be subject-specific. As such, it is recommended that you visit the website of the university of your choice and contact them for more information.
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