Reining in Tuition and Debt

Ohio Northern University in Ada has announced “The Ohio Northern Promise,” an initiative designed to reduce tuition, lower student debt, and help students graduate in four years.
Reining in Tuition and Debt

With the goal of bringing tuition closer to pre-recession rates, the school will drop tuition by 20 percent to 25 percent from 2013–2014 rates; net tuition for current undergraduates will be frozen next year at 2013–2014 levels. To lower student debt, the school will offer a “Four-Year Graduation Guarantee” in most undergraduate programs. 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 at no cost for completing the degree.

The Ohio Northern Promise was developed after a year of meetings with students and faculty to discuss how the institution might sustain academic excellence while making it more affordable. “The conventional high-tuition and high-financial aid model is not working today and is no longer sustainable,” observes Daniel DiBiasio, president of the university. “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.”