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2011-2012 - OWU Catalog - Ohio Wesleyan University

2011-2012 - OWU Catalog - Ohio Wesleyan University

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Expenses and Financial AidTuition and FeesFinancial AidTuition and FeesThe total cost of a year’s education at Ohio Wesleyan depends on personal lifestyles and tastes,which vary from student to student. Certain costs are fixed, however, and are frequently referred toas the general fee. For 2009-10 this includes:Tuition $37,580Student Activity Fee 240Room (Tier 2) 5,320Board (Plan B) 4,644*$47,784* The actual cost of board (food) on campus also varies from student to student, as several board plans are available.This figure represents the estimated cost for the average student and is used in determining financial aid awards.In further quantifying annual expenses, an estimate used in financial aid calculations for books andsupplies is $1,000, and for personal expenses is $1,100.Ohio Wesleyan is committed to maintaining a general fee which will ensure satisfactory livingconditions and the highest quality educational programs. All charges for tuition, fees, room, andboard are subject to change by action of the Board of Trustees.Financial AidWhile some assistance is available to students regardless of their financial need (“merit” awards,certain loans and payment plans), the primary purpose of Ohio Wesleyan’s financial aid program isto enable students of limited resources to attend the University. Parents and students are expectedto make a maximum effort toward meeting college costs; where they cannot meet full costs, theUniversity seeks to provide assistance.The Free Application for Federal Student Aid (FAFSA) is the primary form required, allowingdetermination of the student’s financial eligibility. This eligibility may be funded through giftassistance (grants) and/or self-help funds (loans and campus employment), most frequently offeredin combination in an aid “package.”Applicants should submit the FAFSA to the Federal Student Aid Processor as soon after January 1 aspossible and not later than March 1. Students are encouraged to complete the yearly FAFSA onlineat www.fafsa.ed.gov. All students, and for dependent students, a parent, should also apply for a PINat www.pin.ed.gov. This will serve as an electronic signature. Acceptance of any aid offer requiresmaking the enrollment deposit (next page) by May 1.Detailed descriptions of financial aid policies and procedures may be obtained from the FinancialAid Office. A new FAFSA must be filed each year for reconsideration, and certain conditions governall forms of aid. These include the maintenance of certain academic standards. Students should beaware of deadlines for appealing aid ineligibility based upon unsatisfactory academic performance.281

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