2014-2015 Academic Year
Cost of Attendance for the 2014-15 Award Year
You can determine your the cost of attendance (COA) by using your FAFSA information along with your residency status. If your FAFSA required you to include parental information, the Department of Education considers you a dependent student with consideration given based on the living arrangements you designated on your FAFSA. Otherwise, the Department considers you an independent student.
The Financial Aid office determines the cost of attendance each year. Costs taken into account for development of the COA includes tuition and fees. It also considers the average costs for room and board, books, supplies, transportation and miscellaneous (personal) expenses. Please keep in mind that the financial aid programs are to supplement other resources the student may have in order to cover all living expenses. Therefore, the college may award financial aid up to your COA; however, even the maximum aid awarded with the COA will not necessarily meet all of a student’s other costs during the school year. No allowances will be made for the purchase of an automobile or for other consumer debts. For instance, it will not cover personal loans or credit cards. Financial Aid may also include costs specific to your particular program of study in your financial aid award.
When OTC confirms your enrollment for the current term and if you enroll in less than full time hours, OTC will reduce your COA to accurately reflect your educational costs. The amounts below are assuming an enrollment of 12 or more hours during the fall and spring terms.