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.”