Financial Aid: Tuition, Fees & Student Budget
2007-08 Academic Year
Every educational institution that accepts and awards federal aid must develop a Student Budget (also referred to as "cost of attendance"). The Student Budget is an estimate of allowable expenses (tuition, fees, books & supplies, and living allowance) for the nine month academic year that students are enrolled. Costs are based on the amount needed to meet institutional charges and moderate living expenses.
In turn, the Student Budget represents the maximum amount of financial assistance that a student may be awarded for the academic year (the total of grants, scholarships, and loans).
| 2006-07 Student Budget | |
|---|---|
| Ohio Resident Annual Tuition | $19,232 |
| Est. Cost for Books & Supplies | $3,500 |
| Estimated Comprehensive Health Insurance (Single student coverage for 2 semesters.) |
$1,434 |
| Est. Living Cost | $10,000+ |
| Total Budget | $37,100 |
The Student Budget above is based upon projected maximum costs for the 2007-08 academic year. Allowances are provided to assist in meeting educational costs and are not intended to cover indivdual expenses which vary greatly depending upon personal lifestlye. It should be noted that the living allowance assumes a shared accommodation. Students receiving a scholarship or grant must subtract such awards from the budget in determining their maximum borrowing limit.
To repeat, law students may not be awarded financial aid (through a combination of grants, scholarships, loans, and work-study, if applicable) above the Student Budget. Students who expect to rely on loans are strongly encouraged to develop their own budget using the Budget Calculation Worksheet.
Law students enrolled in 10 or more credit hours per semester are considered full time and pay tuition at a flat rate. Entering students who relocate to Ohio for their legal education can be reclassified as Ohio residents (thereby paying tuition at the in-state rate) after residing in the state for 12 full months and meeting other criteria. Nearly all law students pay in-state tuition for years two and three of law school.
Non-Resident annual tuition and fees is $34,516. Non-Resident maximum student budget is $52,384. Students may be reclassified as residents after 12 months or instantly in certain circumstances.
Law students who have higher-than normal expenses (e.g., as a result of living alone) may request that the Student Budget be increased to accommodate these expenses. Due to federal loan guidelines, only certain expenses can be used to have the budget increased. Refer to Appealing the Student Budget Limit section for details.