#14 Best Private Colleges in Ohio

Otterbein University Tuition & Cost

Westerville, Ohio

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How much does it cost to attend?

Sticker Price
Costs for Otterbein University
Fee Cost
Books and Supplies$1,358
Other Fees$450
Room and Board $11,468
Other Expenses Budget$2,892

Annual Prices

The annual list price to attend Otterbein University on a full time basis for 2020/2021 is $48,792 for all students regardless of their residency. This fee is comprised of $32,624 for tuition, $11,468 room and board, $1,358 for books and supplies and $450 for other fees. Out of state tuition for Otterbein University is $32,624, the same as Ohio residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Otterbein University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Otterbein University
Family Income Net Price Paid
$0 to $30,000$16,747
$30,001 to $48,000$16,175
$48,001 to $75,000$21,572
$75,001 to $110,000$24,959

The average reported annual net price for Otterbein University for students receiving grants or scholarship aid was $23,229 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

100% of full-time undergrad Otterbein University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $22,925 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 92% of students received Federal Student Loans averaging $5,693 and 13% of undergrads took out private student loans averaging $14,368.

Finanical Aid Otterbein University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $22,925 100%
Institutional Grants and Scholarships $19,832 100%
Pell Grants $4,794 35%
Other Federal Grants $1,528 40%
State and Local Grants $3,369 25%
Federal Student Loans $5,693 92%
Other Student Loans $14,368 13%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Otterbein University, we've modeled a ten year student loan with an original principal value of $90,496. The loan balance of $90,496 is a four year multiple of the $22,624 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $863 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $90,496
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $863.43
Total Interest Paid $13,115.80
Sum of All Loan Payments $103,611.80

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $48,792
2 $49,165
3 $49,540
4 $49,919

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Otterbein University to be $195,168 - assuming graduation in normal time. The estimation assumes a 0.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Otterbein University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $586 $1,758 $2,344

Estimated cost for a class at Otterbein University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Otterbein University versus other colleges.

Tuition Payment Plans Available

Otterbein University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=204936 IPEDS survey data for Otterbein University.