COSTS AND FINANCIAL AID
College of the Ozarks
is dedicated to providing a superior education to qualified students who have
financial need. Lack of funds should not keep students from attending college.
The college will provide a way to meet the cost of education for every deserving
The cost to College of the Ozarks for providing an
educational opportunity is approximately $14,900 per
year for each student. Most colleges and universities
attempt to pass along a portion of this cost as tuition;
this is not the case at College of the Ozarks. The college
guarantees to meet all of this cost for each full-time
student by using earnings from its endowment, operating
its own mandatory student work program, accepting student
aid grants, gifts, and other sources. In effect, each
full-time student’s Cost of Education is met 100% by
participating in the work program and a combination
of private, institutional and federal/state student
Cost of Education Summary*
|Cost of Education charge (2005-06)
| C of O work program
| Pell Grant as eligible
-400 to -4,050
| State Grant as eligible
-115 to -4,000
| SEOG as eligible
|C of O Cost of Education Scholarship
-$2,966 to -12,016
|Cost to Student
costs will be published in the College of the Ozarks Student Guide as available.
The student is responsible
for room, board, fees, and personal expenses.
costs for 2005-06 are:
access in dorm
time network connection fee
This fee is charged for ID cards which admit students to cultural and athletic
activities, and provides a subscription to the campus newspaper, yearbook, some
hospital services, student accident insurance and student senate activities.
Internet access (in dorm), vehicle registration, textbooks, laboratory manuals
and workbooks may be purchased by students at the college bookstore. Students
may sell most books back to the bookstore at the close of the term. Each semester
$300 to $400 should be allowed for the purchase of textbooks and supplies. A
Graduation fee of $50 is charged to cover a portion of the
costs associated with graduation ceremonies.
Although primarily a residential college,
College of the Ozarks admits a limited number of commuters as a service to
the community and region. All commuting students pay a $140 Incidental/Health
Fee each semester.
Part-time commuters (11 hours or less) pay $295 per credit hour towards the
Cost of Education charge with the remaining costs met by various grants and
the institutional scholarship.
All financial obligations owed the College must be cleared before the student
can register for subsequent classes or receive a diploma or transcript.
College of the Ozarks is committed to providing an educational opportunity
for the student who has the ability to do college work, but does not have adequate
financial resources. In order to determine need, all students are required to
file a Free Application for Federal Student Aid (FAFSA) every year. The application
for returning students must be on file in the Financial Aid Office by March
1st each year. Students who do not file the FAFSA by the announced deadline
will not be permitted to register for the following semester. Students who do
not register for classes must re-apply for admission.
Title IV Awards
THE PELL GRANT PROGRAM
This program is
a federal aid program designated to provide financial assistance to those
who need it to attend post-secondary institutions. Recipients are determined
by the Department of Education’s evaluation of the student’s application for
federal student aid. The amount of the Pell Grant is based on both the student's
and his/her family's financial resources and the cost of attendance at the
student’s chosen school. The Pell Grant is credited to the student’s Cost
of Education charges.
CAMPUS WORK STUDY PROGRAM
All full-time students (enrolled in 12 academic hours or more) at College
of the Ozarks must participate in the college work study
program. All full-time students work as a minimum contribution
to their Cost of Education. An allotment of federal
college work study funds (CWSP) is used each year for
students who show the greatest need. Federal CWSP funds
are used as a supplement to the College of the Ozarks'
work study funds. College work study wages are determined
by the federal minimum wage. Student work stations and
other facets of the work program are detailed in the
Student Handbook and the work program section of this
SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG):
SEOG are federal funds available to undergraduate students with exceptional
financial need. The maximum SEOG award at the College of the Ozarks is $1,000.
A student applies for the SEOG when the student files the FAFSA. The SEOG is
credited to the student’s Cost of Education charges.
Grants are available to full-time students who are Missouri residents. Students
apply for the Gallagher Grant and College Guarantee
when they file the FAFSA. The College Guarantee and
Gallagher G rant is credited to the Cost of Education.
Responsibilities of Financial Aid Recipients
ACADEMIC STANDARDS FOR FEDERAL AND
Satisfactory academic progress: Students receiving federal or state
financial aid must meet the grade point average requirements outlined under
“grade probation” in the Academic Program section of the college catalog. Students
placed on grade probation are also placed on financial aid probation. Continued
probation will be considered for students if satisfactory progress toward raising
the cumulative GPA is being made.
Appeals of suspension or dismissal must be addressed to the Dean of the College.
If the appeal is approved, additional financial aid eligibility will also be
granted. If the appeal is denied, the student will not be eligible to receive
financial aid until the cumulative GPA requirement has been met or until an
appeal has been approved.
Students who have
been suspended and subsequently re-apply for admission must meet cumulative
GPA requirements in order to receive federal or state financial aid.
SATISFACTORY CREDIT HOUR COMPLETION
All students receiving federal or state financial aid must complete a minimum
number of credit hours each academic year. This requirement will be checked
each May, and students will be notified of any deficiencies. Course incompletes
must be removed by August 1 each year to count toward hours completed for the
previous year. Courses may be repeated for hours credit for this requirement
only if they were failed the first time. Repeating a course to improve a grade
will not count as additional credit completed.
The number of hours for which a student is enrolled at the end of the add/drop
period of a semester (first five class days of the semester) determines his/her
status as a full-time or part-time student. Changes in status must be approved
in advance by the Dean of Admissions. Full-time students must
complete a minimum of 21 hours per year, three-quarter time students
must complete 15 hours per year, halftime students must complete
10 credit hours per year to be considered making satisfactory academic progress
for federal and state financial aid.
Qualified, degree-seeking students may receive federal or state financial
aid for a maximum of 180 credit hours or until they have met the requirements
for their degree program, whichever comes first.
Transfer students admitted on financial aid probation must meet the
same semester and cumulative GPA requirements as returning students who have
been placed on probation. Continued probation will be considered for transfer
students if satisfactory progress toward raising the cumulative GPA is being
COST OF EDUCATION SCHOLARSHIP
The College awards
the Cost of Education Scholarship to every student after all grants and work
requirements are applied. This serves to meet each student’s cost of education
100% for all full-time students.
ROOM AND BOARD SCHOLARSHIPS
Room and Board Scholarships are awarded to qualified students who enroll in
the on-campus summer work program. Students work twelve 40-hour work weeks.
The value of the scholarship is $5,207, and is credited to room and board charges
for the following year. Summer room and board charges of $1,407 for students
participating in the summer work program are covered by this scholarship. Students
participating in the summer work program earn approximately $10 per hour. Applications
for the summer term are made available in the Student Work Office during the
Spring semester each year for students who are currently enrolled. Students
accepted for the Fall term should contact the Admissions Office for application
procedures. Students who do not choose to enroll in the summer program may elect
to retain a campus room at a weekly rate and work at an off-campus job in the
Ozark Mountain Country tourist industry. (The rental program is not available
for incoming students.)
C OF O BOOK SCHOLARSHIPS
C of O Book Scholarships are awarded to full-time students with exceptional
financial need. Students must apply for the scholarship each year. A bookstore
credit of $150 per semester is allowed for qualifying recipients. Applications
are available on the college website for returning students and should be submitted
by March 15. Applications are available from the Admissions Office for new students
(open application deadline).
Established under the will of the late L.W. Hyer, these scholarships are presented
to over 100 superior students each year. For each semester, each Hyer recipient
will receive $200 for purchase of books and supplies or other general expenses.
It will be paid by a $100 bookstore credit and a $100 cash credit. The cash
credit will be paid by check directly to the student if all cash charges have
been cleared. If charges still remain, the $100 cash credit will be applied
to the student’s account for charges owed. Applications are available in the
Financial Aid Office and must be resubmitted each semester. Applications should
be submitted by March 15 for fall or November 15 for spring.
MCKIBBEN SCHOLARSHIP FOR LEADERS
Established by the generosity of Dr. Joe T. McKibben, these scholarships
(up to 36 students) are the College’s most noteworthy.
McKibben Scholarships are available to outstanding freshmen
(based on ACT scores, high school grades, activities
and financial need), for Cost of Education and Room
and Board. These scholarships are awarded after admission
to the College and are renewable based on academic success
and leadership performance. The Dean of Admissions determines
Forty-eight athletic scholarships are
available each year. The Athletic Director determines these awards.
COLLEGE OF THE OZARKS PATRIOTIC SCHOLARSHIP
Refer to the Military Science section of
FOREIGN STUDY SCHOLARSHIPS
Foreign Study Scholarships may be available
for students interested in studying abroad at an accredited institution. Students
must have sophomore or junior standing and plan to return to the College for
at least one semester after their foreign study experience. These are only
partial scholarships and students are expected to fund part of their experience
themselves. Applications are accepted during the Fall semester and awards
are announced in December. Selection is on a competitive basis by a faculty
committee. Contact the Office of the Dean of the College for information.
Deadline for application is November 14.
Outstanding graduating seniors with a minimum GPA of 3.2 planning to attend
graduate or professional school may apply to the Dean of the College for the
honor of being designated an Ozarks Fellow. Recipients of this fellowship
receive a stipend to aid them financially during their first year of graduate
study (non-renewable). Applications should be sent to the Dean no later than
April 1 and include a 500-word essay detailing the student's graduate plans
and financial needs, two academic letters of recommendation and one letter of
personal reference and evidence of acceptance to graduate or professional school.
Scholarship recipients are announced at the May graduation ceremony.
Several funds have
been made available by individuals and trust funds to support a special Awards
Convocation in the spring of each year. Students for these scholarships are
chosen by faculty and staff based on citizenship, grades, work performance,
leadership and Christian growth.
Please refer to http://www.cofo.edu for a
current listing of scholaships, applications and scholarship searches.
|Alumni Art Scholarship
||John Graham Scholarship
|Clay M. Anderson (Ozark Mountaineer) Scholarship
||Walter W. & Vonee W. Hammers Scholarship
|Associates Work Assignment Scholarship
||William Randolph Hearst Endowed Scholarship
|William G. & Retha Baker Scholarship
||William H. & Myrtle J. Hedrick Endowment
|Harold & Allyn Barrett Scholarship
||Lelia Heuer Charitable Trust Scholarships
|Bartlett Respect Scholarship
||Ella A. Heimburger Scholarship
|George S. Beimdiek Scholarship
||Isabel P. Hiltbrunner Memorial Scholarship
|Muriel & Carl E. Bolte Memorial Scholarship
||Kenneth E. Hunt Scholarship
|Walter Franklin Bradley Scholarship
||Victor Ingrum Scholarship
|Joseph E. Brinell Memorial Scholarship
||Wanah M. Jennings Memorial Scholarship
|Winston Churchill Essay Scholarship
||Alice Wycoff Kalber Memorial Scholarship
|Elizabeth & M. Graham Clark Leadership Scholarship
||William Donald Kirk Scholarship
|Ruby Mae Clark Scholarship
||John Patrick Knox, Jr. Memorial Scholarship
|College of the Ozarks Agriculture Endowment
||Fund Wayne Konga Music Scholarship
|Dorothy Daniel Scholarship
||Edwin & Helen Krohn Scholarship
|National Society Daughters of American Colonists Scholarship Fund
||Lake Honor Scholarship
|Waymon M. Dickson, Jr. Music Ministry Memorial Scholarship
||Virginia Gillespie Lucas Scholarship
|Sylvester Doggett Scholarship
||Mary Lee Thomas Marshall Memorial Scholarship Fund
|Roxana B. Doran Scholarship
||James & Mary McClung Scholarship
|Edwin & Francis Ehlers Scholarship
||R.H. McCalley Scholarship
|Ernest L. & Berit L. Estes Scholarship
||Jim McDermott Memorial Science Scholarship
|Leon “Shorty” Farrell Scholarship
||Kelly McKinnell Memorial Scholarship
|Dorothea X. Flaherty Memorial Scholarship Fund
||Barton A. Moore Memorial Scholarship
|J.C., Lela & Janice Franklin Family Scholarship
||John H. Murray English Scholarship
|Florene Briscoe Fratcher Scholarship
||The Samuel L. Murto Memorial Scholarship Fund
|Brad Gale Memorial Scholarship
||Nilsen Foundation Scholarship
|Mr. & Mrs. Henry W. Germeroth Memorial Scholarship
||Linda Nottle Memorial Scholarship
|Roscoe & Ella Goslin Scholarship
||Judith K. Oetting Memorial Scholarship
|Thomas Howard Groves Scholarship
||Marvin E. Oetting Memorial Scholarship
|Barrett E. Gourley Memorial Work Scholarship
||Claude Parrish Agriculture Scholarship
|Pratt Family Foundation Endowed Scholarship
||Kelly McKinnell Memorial Scholarship
|Paul M. Robinett Weaving Scholarship
||Walter W. Venita & Shirley Snelson Scholarship
|George M. & Elizabeth V. Robinson Scholarship
||Willard & Patricia Walker Scholarship
|George C. & Mryna K. (Eggensperger) Roof Scholarship
||Carie Diane Washam Memorial Scholarship
|Dean F. Rouse Scholarship
||Jerrold W. Watson Memorial Scholarship
|Dewey E. Short Scholarship
||Karen Watson Memorial Scholarship
|Edwin & Kathryn Silverberg Scholarship
||Patricia J. Watson Memorial Scholarship
|Nettie Richarson Simonton Memorial Scholarship
||Ama M. & Evelyn M. White Scholarship
|Ethel M. & Howard G. Slagle Scholarship Fund
||Jay L. & Ferne D. Wilder Scholarship
|Roy W. Slusher Foundation Scholarships
||Al Wilcox Scholarship
|Eleanor B. Smith Scholarship
||Winfrey Honorary Alumni Scholarship
|John Swift Charitable Trust Scholarship
||Mildred Letton Wittick Scholarship
|J.C., Lela & Janice Franklin Family Scholarship
||Mildred Letton Wittick Book Scholarship
||The William Carrol Wood Scholarship Fund
||Alexander Zimmerman Memorial Scholarship
College of the Ozarks discourages student borrowing, and therefore does not
participate in the Federal Stafford or Federal PLUS loan programs. However,
if necessary, students may apply for a private, credit-based educational loan.
Eligibility for this loan is based on the credit standing of the applicant,
with a minimum credit history of two years usually required. Therefore, most
student borrowers need a cosigner. A credit bureau report will be obtained by
the lender for the student and cosigner. (It may be possible for a student to
borrow on his/her own signature and credit history without a cosigner, but the
provisions of the loan will vary.) Students must be enrolled at least half-time
(6 hours), and the minimum loan is $500. Contact the Financial Aid Office for
GEORGE A. ARMSTRONG AND DOROTHY
E. ARMSTRONG TRUST LOAN FUND
Make an appointment with the Financial Aid Director for an application. The
George A. and Dorothy E. Armstrong Memorial Medical Trust Loan Fund has been
established for graduates who have completed a program in Pre-Medicine, Pre-Nursing,
Medical Technology, or Pre-Engineering from College of the Ozarks. Interest
Rate: The loan will bear interest at a rate of two percent over the prime
rate, adjusted annually. Payments: Monthly payments will begin one year
after graduation from medical school over a ten-year period. The loan will
be due immediately if the graduate fails to become licensed as a physician or
fails to fulfill the practice requirements listed in the requirements.
- Loan funds must be secured by a life insurance policy on the graduate’s
life while the loan is in repayment. The cost of the policy will be added
to the principal of the loan and will bear interest at the same rate.
- Must have one or more co-borrowers who are found to be creditworthy. The
financial condition of the guarantors will be reviewed annually.
- Complete a Pre-Medicine, Pre-Nursing, Medical Technology, or Pre-Engineering
program from College of the Ozarks.
- Must be accepted by an accredited AMA medical school located in the Midwest.
- Must have resided in one of the following Missouri counties for at least
five years prior to applying for a loan:
- Must agree to practice medicine (Pre-Medicine, Pre-Nursing, Medical Technology
program) or work (Pre-Engineering) in one of the counties listed above, in
a community of not more than 15,000 residents and not within 25 miles of Springfield,
Carthage, Joplin, or Webb City, Missouri. If the practice requirement is not
met, the loan will become due immediately and there will be imposed a penalty
equal to 10 percent of the outstanding principle of the loan.
- Be a U.S. citizen.
- Must have financial need.
- Satisfactory GPA, school record, and general character.
- Not be a full-time employee of the College or a member of the family of
a full-time employee of the College.
Refunds will be
authorized by an official withdrawal notice from the Registrar’s Office. The
official drop date is the date recorded on official records in the Registrar's
Office. Withdrawal from the College occurs when a student officially discontinues
enrollment in all classes or activities of the College.
Students who officially withdraw before classes begin will receive a refund
of 100% for Cost of Education (applies only to cash
payments made by part time students), Incidental/Health
Fee, Room, and Board charges. The security deposit,
designed to reimburse the College for damages to a dormitory
room or furnishings, is refundable, less any assessment
for damages or other monies owed, at the end of the
semester in which the student leaves the dormitory.
However, should a dormitory student withdraw during
the semester, the security deposit is not refundable.
Students who officially withdraw after classes begin will receive refunds for
Cost of Education, Room, and Board charges as indicated below.
- Cost of Education (applies only to cash payments made by part time students)
and Room charges: Refunds will be pro-rated based on the day of withdrawal,
up to the WP/WF deadline of each semester. After the WP/WF deadline, no refund
of Cost of Education or Room Charges will be made.
- Board charges and Internet Access Fee: Refunds will be made on a pro-rated
calculation based on the day of withdrawal, throughout the semester.
- Incidental/Health Fee: No refund will be made for official withdrawal on
or after the first day of scheduled classes.
Refund distribution will be made in the following order: Federal Pell Grant,
Federal SEOG Grant, state aid, private and institutional aid, then the student.
If a payment was made by scholarship from an outside organization, any refund
due will be made to the awarding organization. If a payment was made by a private
educational loan, any refund due will be made to the lending institution. If
a payment was made to the College in cash by the student, any refund due will
be made to the student. If the payment was made by a scholarship from College
of the Ozarks, the scholarship will be cancelled. All financial obligations
to the College must be cleared before the student can register for future classes,
or receive a diploma or transcript. Examples of the application of this policy
are available upon request from the Financial Aid Office.
Change of Status Refund
who drop to part-time status after the fifth (5th) day of the semester are
liable for the full 280 hours of student labor (which may either be worked
or paid in cash at the discretion of the Dean of Work). Any change in status
must be approved by the Dean of Admissions in advance of such change.
In the event that a student is awarded duplicate room and board scholarships
(either full or partial) such as an athletic scholarship and a College of the
Ozarks Patriotic Scholarship; or in the event that a student athlete is awarded
a room and board scholarship (either full or partial) after having paid for
room and board by participating in the summer work program; or for students
who work on the summer work program for room and board, and withdraw from the
College in a subsequent semester, the resulting credit in the student's account
may be used as follows:
- to cover room and board charges, Cost of Education (if the student becomes
a commuter), or Incidental/Health Fees in subsequent semesters;
- to buy books in the bookstore, or pay for services from the hospital or