Old Dominion University Tuition Fees: A Comprehensive Guide

Understanding the costs associated with higher education is crucial for prospective students and their families. This article provides a detailed breakdown of Old Dominion University's (ODU) tuition fees, financial aid options, and other related expenses.

Tuition and Fees

Old Dominion University's tuition for the 2024-2025 academic year is $13,320 for in-state students and $33,885 for out-of-state students. These figures include both tuition and fees, often referred to as the sticker price. Compared to the national average cost of in-state tuition ($12,422), ODU is slightly more expensive. However, for out-of-state students, the tuition is significantly higher than the national average ($29,767).

It's important to note that these are base costs and do not include additional expenses such as books, supplies, housing, and personal expenses.

Recent Tuition Increase

The Old Dominion University (ODU) Board of Visitors recently approved a 3% increase in tuition and fees for undergraduate in-state students for the upcoming academic year. Out-of-state students will see a 1% increase. This adjustment will vary across different programs due to specific fees that may apply solely to certain courses of study.

The university intends to utilize the additional revenue to enhance various aspects of its educational offerings and campus operations. This includes:

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Retaining and attracting high-quality faculty members
Investing in STEM-H degree production
Maintaining facility operations
Enhancing technology infrastructure
Furthering strategic initiatives

Tuition Guarantee Plans

Tuition at the time of first enrollment is guaranteed only to students making advance payment.

Mandatory Fees

In addition to tuition, students are required to pay certain mandatory fees. These fees support various university services and activities. Here's a breakdown:

Comprehensive Fee: Supports auxiliaries such as the student union, recreational sports, student facilities, student activities, and intercollegiate athletics.
Transportation Fee: Paid once each semester by all students.
Technology Fee: Supports strategic investments in campus technology.
**ID Card Fee: Mandatory for all students.
Out-of-State Fee: Applicable to out-of-state students.
New Student Fee: Applicable to all new degree-seeking, non-distance undergraduate students.
International Student Fee: Mandatory for students attending the University on a student visa.
Technology Delivered Course Fee: Fee applicable to all students taking technology delivered courses.
Health Insurance: Charges are posted directly to the student's billing statement and are due on the tuition deadlines for the academic year. Mandatory for F and J Visa holders and all nonimmigrant dependents.

Other Costs

Beyond tuition and fees, students should also budget for the following expenses:

Books and Supplies: Approximately $1,790 per year.
Personal Expenses: Approximately $2,360 per year.
Transportation: Approximately $1,340 per year.

Room and Board

Old Dominion University ranks in the top 40% for room and board charges, with an annual cost of $12,988. This figure is broken down into a typical room charge for the academic year at $7,690 (in the top 45%) and a typical board charge for the academic year at $5,298 (in the top 50%). The institution provides on-campus housing, with a total dormitory capacity of 4,361.

Financial Aid

Old Dominion University offers various forms of financial aid to help students afford the cost of education. Financial aid can include grants, loans, scholarships, and work-study jobs. Financial aid packages vary depending on your financial need, which is typically determined based on the Free Application for Federal Student Aid (FAFSA).

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Students Receiving Financial Aid: 61%
Freshmen With Need and Received Financial Aid: 88%
Average Aid Package Awarded: $30,437

Types of Financial Aid

Need-Based Scholarships and Grants: These do not need to be paid back. The average need-based scholarship or grant awarded is $12,626.
Need-Based Loans: These must be paid back. The average need-based loan amount is $4,191.
Merit-based aid: Merit-based aid, also called non-need-based aid, is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Old Dominion University - excluding any athletic scholarships, if applicable - was $7,523.

Financial Aid Dates

Application Due: March 15 (the last day to apply for financial aid or turn in related paperwork)
Priority Application Due: January 1 (applications received prior to this date will be given the strongest consideration)

Net Price

The net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. The average net price is $16,150 per year. It is recommended to use the college’s Net Price calculator for the most accurate estimate of your net price.

Student Loan Debt

It's important to be aware of potential student loan debt. The typical amount of loans a student must pay back is $32,043.

Median Federal Loan Debt: $24,000
Median Monthly Federal Loan Payment: $254 (assuming a 10-year repayment at 5.05% interest)
Students Taking Out Private Loans: 17%
Average Private Loan Debt at Graduation: $34,804

Work-Study Opportunities

Old Dominion University provides a range of work-study, internship, and on-campus employment opportunities for its students. One of the key programs is the Federal Work-Study (FWS) program, which offers part-time employment to students to help them finance their postsecondary education. The university has been awarded a one-year, $25,000 grant from the State Council of Higher Education for Virginia (SCHEV) to enhance the FWS program, transforming it to function more like an internship program. The aim is to create a robust ecosystem of on-campus internships, reduce barriers to participation, and increase the number of paid internships available to students.

Financial Aid and Benefits

Old Dominion University offers various financial aid options to its students, including grants. A significant percentage of students, 91%, receive financial aid at the university, placing it in the bottom 50% of institutions in this regard. However, it is worth noting that 50% of students at Old Dominion University experience indebtedness, which places the institution in the top 50% for this metric.

The average amount of financial aid received by students varies depending on their level of study. Graduate students at Old Dominion University receive an average of 10,207 USD in financial aid, placing the university in the bottom 25% for this category. Similarly, undergraduate students receive an average of 7,029 USD in financial aid, also placing the institution in the bottom 25%.

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The average net price for full-time beginning students at Old Dominion University is dependent on their income level and eligibility for Title IV federal financial aid. For the 2018-19 academic year, students with an income between 0-30,000 USD had an average net price of 13,765 USD, placing the university in the top 20% for this income bracket. Students with an income between 30,001-48,000 USD had an average net price of 13,740 USD, placing Old Dominion University in the top 25% for this category. For students with an income between 48,001-75,000 USD, the average net price was 16,577 USD, placing the university in the top 30%.

Additional Considerations

Estimates are based on full-time enrollment for the 9-month academic year (15 credit hours for Undergraduate/9 credit hours for Graduate). Summer semester costs are not included.
These conservative estimates are based on the needs of an average student without dependents.
Year-round (12-month) health insurance is required for the entire duration of study in F-1 status. Costs covering the University insurance plan are added to your tuition bill and can be paid in one payment or through installments via enrollment in a payment plan.
Spouses and children in F-2 & J-2 status require additional funding for living and personal expenses. These added costs must be factored into the total amount of guaranteed support; please thoroughly review ODU's Certificate of Eligibility requirements. Purchase of the University insurance plan is not mandatory for dependents in F-2 status, though ODU strongly encourages coverage for all family members while residing in the United States.

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