For Undergraduate and Online Students
Financial aid is needed by many students. Students may be eligible for one or several federal and/or state programs. Eligibility is based on what the student can reasonably pay for education. This ability to pay, or family contribution, is calculated using the Free Application for Federal Student Aid (FAFSA). You can fill out the FAFSA form online and get your results seven to 14 days faster than if you mail in a paper copy.
Tuition & Fees
For the 2014-2015 academic year, the tuition is $435.00 per credit hour with a $125 general fee charged each semester. Students taking online courses are charged an additional $25/credit hour online fee. In addition to the above direct costs (things you will be directly billed for by Hiram College), students can expect to pay approximately $3,063 for books, supplies, travel and personal expenses. These are considered indirect costs and are things you will pay for out-of-pocket.
Many companies offer some type of tuition assistance to employees. Students who participate in company reimbursement plans may be eligible for tuition deferment. Hiram College will permit students who receive reimbursement to defer payment of their tuition until two weeks after posting of grade reports.
Federal Subsidized Stafford Loan
Stafford Loans have low interest and no payments of either interest or principle are due while the borrower is in school. Eligibility is calculated from the FAFSA. Repayment begins six months after graduation, leaving school, or dropping below half-time enrollment status. Annual loan limits are determined by your grade level and are as follows:
- $3500 Freshman
- $4500 Sophomores
- $5500 Juniors & Seniors
Federal Unsubsidized Stafford Loan
Unsubsidized Stafford Loans are designed to help meet costs when other aid or resources are limited. Interest begins accruing as soon as the funds are delivered to the school. No interest or principle payment is required while the student is enrolled at least half time. Repayment begins when the borrower graduates, leaves school, or drops below half time enrollment status. Annual loan limits are determined by your grade level and are follows:
- $6000 Freshman & Sophomores
- $7000 Juniors & Seniors
Ohio College Opportunity Grant
Ohio College Opportunity Grants (OCOG) are available to Ohio residents who are first time college students after the 2006-07 academic year. Eligibility is determined by the Expected Family Contribution (EFC) calculated by completion of the FAFSA and enrollment status of the student.
Federal Pell Grants
Pell Grants are from the federal government. Application is made by completing the FAFSA. Eligibility is based on several factors including family income, family size, assets, and debts.