Financial Aid Frequently Asked Questions
We’re sure you have many questions about the financial aid process at ODU. See if your question is answered below. If not, please contact the Financial Aid Office.
You will have to purchase your text books as they are not included in your bill. You need to come prepared to buy your books prior to the beginning of classes.
If your financial aid exceeds your billed cost you can contact the Business Office about getting a book voucher to purchase your books before classes begin.
Your tuition, room and board fees will be divided into two separate payments. Prior to each semester, the ODU Business Office will send you a bill for that semester. One-half of your aid, excluding student employment and required loan fees, will be credited to your account in the Business Office.
You and your family may elect to participate in the University's payment plan. This plan helps families manage expenses on a monthly basis. Additional information is available from the Business Office.
Students must reapply for financial aid each academic year by filing the FAFSA. Depending upon continued availability of federal, state and institutional funds, Ohio Dominican seeks to maintain a comparable financial aid package from year to year. Actual awards may vary based on total cost, family need, student academic achievement and program eligibility.
Some types of aid have specific criteria that must be met to renew the award. Priority filing date is February 15. The Financial Aid staff is here to assist you in exploring all available resources in order to make your Ohio Dominican education most affordable.
As soon as possible after October 1!
Don't wait until you are accepted to Ohio Dominican or until you have met with your admission counselor to discuss what classes you want to take. ODU's priority filing date is February 15 each year.
Eligibility for most types of aid is awarded on the basis of financial need.
Need is based on the following equation: Cost of Attendance - Expected Family Contribution (EFC) = Financial Need.
The information you report on the FAFSA is used to calculate your EFC, which is a measure of your family's financial strength. The EFC is then used to determine your eligibility for all federal, state and institutional aid funds. The formula for the EFC calculation is established by law.
All students must reapply for financial aid every year. You should apply for financial aid as soon as possible after October 1 by filing the FAFSA.
If your award letter/notification includes a work-study award, you are eligible to work on campus and get paid for your work completed. You will be paid bi-weekly as you work.
These funds are not applied toward your tuition and fees.
Read more about work-study opportunities.
If you have experienced a loss of income or benefits during the current year or believe you have an unusual circumstance, you may submit a Special Circumstance Application.
Please contact the Financial Aid Office to discuss your situation.
Your financial aid is disbursed based on the number of credit hours for which you are registered. There are exceptions to this rule:
1. You will not receive financial aid for classes you do not attend. If you apply for financial aid late, you will receive federal financial aid for the number of credit hours you are registered for when we receive your accurate Student Aid Report.
2. If you withdraw from all classes, your financial aid eligibility will be recalculated according to the Ohio Dominican University/Federal Refund Policy.
We are required to monitor your progress towards your degree. A copy of our Satisfactory Academic Policy is located on the Financial Aid Consumer Information page. Please read the policy thoroughly. Failure to comply with this policy may result in the loss of your Federal financial aid.
An award letter/notification will be sent to you when we receive the results of your FAFSA and have determined your financial aid eligibility. The award notification indicates the type and amount of financial aid you will qualify for based on your estimated enrollment. Some types of aid require you take further action. You will be notified of this within 2 weeks of receipt of your award.
Approximately 30% of all students who apply for financial aid are required to have their FAFSA information verified. In order to verify this information, we are required to collect tax documentation and a verification worksheet for the current aid year. We then confirm the data you supplied on your FAFSA application.
If we find that corrections are necessary, we will submit the correction(s) electronically and you will receive a new Student Aid Report (SAR) from the Department of Education.