Ohio Northern University is reducing its tuition by up to 25 percent and guaranteeing graduation in four years for most programs.
“The conventional high-tuition and high-financial aid model is not working today and is no longer sustainable,” university President Daniel DiBiasio said in a news release. “This is a way forward that seeks to make a quality education more available to the best students we can attract. It’s all about affordable excellence.”
The Ohio Northern Promise announced Thursday by DiBiasio is designed to reduce tuition, lower student debt and help students graduate in four years. It stresses four points:
Lowering tuition from 2013-14 rates by 20 percent to 25 percent. The intent is to bring the tuition closer to that charged before the recession for new Ohio Northern students. Net tuition for current undergraduate students will be frozen next year at 2013-14 rates.
Offering a Four-Year Graduation Guarantee in most undergraduate programs to lower student debt. Students who meet specific standards and expectations for progress toward a four-year degree, but who are unable to graduate in four years, will receive an additional semester (16 credit hours) at no cost for completing the degree.
Continuing to engage students in high-impact practices to deepen and enrich learning. Ohio Northern will continue to offer opportunities such as internships, capstone courses, field experiences, study abroad and experiential learning.
Sustaining the university’s excellent record of job placement and graduate and professional school admission rates. Since 2006, the average placement rate within six months of commencement is 93 percent.
ONU is a private, comprehensive university. About 3,580 students are enrolled. Full-time tuition ranges between $24,000 and $32,000 for the 2013-14 year, according to ONU’s website.