$43,680

Tuition

$66,160

Cost of Attendance

$44,855

Net Price

Otis College of Art and Design Tuition and Fees

Otis College of Art and Design is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at OCAD is quite high. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $48,380, which includes the total tuition fees and other expenses. The housing facilities, books and supplies, and other expenses cost $15,744, $840, and $2,968, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$46,860$46,860
Book & Supplies$1,400$1,400
Room & Board cost$15,100$15,100
Other Expenses$2,800$2,800
Total Cost of Attendance$66,160$66,160

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. The total tuition and fees for students attending Otis College of Art and Design come out to be around $48,380 per year. Other than that, they will need to shell out an amount of $840 for books and supplies, $15,744 for room and boarding charges, and $2,968 toward other expenses on average in a year. So, the overall cost of attending OCAD comes out to be about $67,932 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$44,855

Family Income

Avg. Net Price

$0 to $30,000

$38,075

$30,001 to $48,000

$35,398

$48,001 to $75,000

$44,364

$75,001 to $110,000

$47,063

$110,000+

$48,037

As for the net cost for attending OCAD, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. So, it all essentially depends on the family income bracket of the student. At OCAD, the average net price is estimated to be around $45,406. The net price for students with an annual family income below $30,000 is reported to be around $37,708. For the individuals who come under the $30,001-$48,000 income category, the net cost is $38,516. On the other hand, an estimated net cost of $43,856 is charged for the $48,001-$75,000 income bracket, $49,622 for the $75,001-$110,000 income category, and $50,178 for an annual family income more than $110,000.

Student Loans

Example Loans

$133,772

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,388

Total interest paid

$32,820

Sum of Loan Payments

$166,592

To have a realistic understanding of how much it will cost to study at Otis College of Art and Design here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $133,772 for example. This will result in a $16,659 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $166,592 which is $32,820 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$46,860$46,860
Room & Board Cost$15,100$15,100
Total Tuition & Fees$61,960$61,960

At Otis College of Art and Design, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $48,380 per year. Moreover, the applicants must also pay an amount of $15,744 towards room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $67,932 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$43,680$43,680
Fees$3,180$3,180

As for the students looking to enroll in postgraduate programs at OCAD, the tuition and fees they are charged add up to $48,380 per year. This includes $45,200 for the graduate tuition as well as an amount of $3,180 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$2,427
Undergraduate2018 - 2019$1,456

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Otis College of Art and Design varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $806 and the undergraduate cost per credit hour at $372. Otis College of Art and Design also offers a wide range of online programs across 10 different majors for students at present.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$15,100$11,800
Other Expense$2,800$2,800
Book & Supplies$1,400$1,400

Moving on to the housing and related expenses at Otis College of Art and Design, these charges are the same irrespective of whether the candidate decides to stay on-campus or off-campus. The students will be required to pay $18,712 per year for the same. On the other hand, the room and board charges that the students have to pay total around $15,744 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $840. Meanwhile, the other expenses that a student needs to plan for add up to $2,968.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$15,100

Off Campus

$11,800

Housing & Other Expenses

Other Expenses

On Campus

$2,800

Off Campus

$2,800

Housing & Other Expenses

Book & Supplies

On Campus

$1,400

Off Campus

$1,400

Moving on to the housing and related expenses at Otis College of Art and Design, these charges are the same irrespective of whether the candidate decides to stay on-campus or off-campus. The students will be required to pay $18,712 per year for the same. On the other hand, the room and board charges that the students have to pay total around $15,744 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $840. Meanwhile, the other expenses that a student needs to plan for add up to $2,968.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Otis College of Art and Design is around $341,904 as per official data. For undergraduate students, the total expenses added up to $45,406 in 2018-2019, $44,855 in 2017-2018, and $42,699 in 2016-2017.

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