2023-2024 Academic Year - OTC Financial Aid (2024)

The cost of attendance (COA) is determined by using your FAFSA information along with your residency status. If you were required to include parental information on the FAFSA, you are considered a dependent student with consideration given based on the living arrangements you designated on your FAFSA. Otherwise, you are considered an independent student.

The Financial Aid Office determines the cost of attendance each year. Costs taken into account for development of the COA include tuition and fees and the average costs for room and board, books, supplies, transportation and miscellaneous (personal) expenses. Please keep in mind that the financial aid programs are to supplement other resources the student may have in order to cover all living expenses. Therefore, the college may award financial aid up to your COA, but even the maximum aid awarded with the COA will not necessarily meet all of a student’s other costs during the school year. No allowances will be made for the purchase of an automobile or for other consumer debts, such as personal loans or credit cards. Costs specific to your particular program of study may also be included in your financial aid award.

When your enrollment for the current term is confirmed and if you are enrolled in less than full time hours, your COA will be reduced to accurately reflect your educational costs. The amounts below are assuming an enrollment of 14 or more hours during the fall and spring academic year.