Financial Aid

Determination of Costs

Determination of Billable (Direct Educational) Costs

Tuition & Fees

The Office of Administration and Finance reviews the state subsidy allocated per student then determine the amount of additional funds needed to cover the cost of educating each student. This proposed tuition amount is brought forward in the spring for our Board of Trustees to approve.  Students who are not Ohio residents are also charged the non-Ohio-resident surcharge. Fees are assessed to students to cover the costs associated with testing software, building maintenance (including parking), technology, student health services, matriculation and graduation, etc.

Determination of Non-Billable (Indirect Educational) Costs

Books & Supplies

Annually, each College compiles a list of books and supplies that students are required and recommended to use in their courses.  Estimates are established based upon the previous academic year.  Only required books will be included in the Cost of Attendance.

Professional Licensure, Certification, or first professional credential

An allowance for the cost associated with the obtaining a license, certification, or a first professional credential, for a student in a program that prepares them to enter a profession that requires such certification.

  • Costs to register for USMLE Steps 1 and 2 are provided to College of Medicine Students in their M2 and M3 year.
  • Costs to assist students in the residency interview expenses are provided to College of Medicine students in their M4 year.
  • Costs to assist with voluntary residency interview expenses are provided to students in the Colleges of Dentistry and Pharmacy on a case-by-case basis.
  • Costs incurred during the period of enrollment for the NAPLEX exam are provided to College of Pharmacy Students in their P4 year.
  • Credentialing for students in the College of Graduate Studies Anesthesia program are provided in their A3 year.
  • AAAA Student Membership for students in the College of Graduate Studies Anesthesia program are provided in their A1 year.
  • Costs for registration for the Integrated National Board Dental Examination are provided to students in their D3 year.
  • Costs for registration for the Licensure Testing for Dental Health Professions are provided to students in their D4 year.

Study Abroad

As part of enrollment in the Masters in Global Health program, an allowance for international travel and experiences will be provided to students engaged in the program.

Criminal Background Check

Prior to students beginning clerkship rotations in the community, a criminal background check is required. An allowance is provided for those cohorts. Costs are based upon average costs based on the previous year’s cohort as provided by the vendor.


A one-time allowance is given for the purchase/upgrade for personal technology required for coursework. Costs are established based upon University recommended specs. Pricing is established by market analysis for the specifications needed.

Loan Fees

Loan fees from Direct Loans are included in the student Cost of Attendance. An average loan fee amount is determined annually for each separate Cost of Attendance group.  Groups are based on the College, year in College, Ohio residency status, and the housing status that the student indicates on the FAFSA. There is a separate loan fee for USUB and Grad PLUS.  The student must accept a Direct Loan to have that loans’ loan fee within their student Cost of Attendance.  Initial awarding will include the loan fees in the student’s costs for any Direct Loans that are offered to the student. If a student does not accept a Direct Loan, the loan fees for Direct Loans will be removed from the student Cost of Attendance. The University uses average loan fees and therefore actual loan fees will not be considered for any Request for Reconsideration. The calculation to determine average loan fees are listed below. The Cost of Attendance (COA) is the total cost without any loan fees included. The loan processing fee used is as of the day that the student Cost of Attendances are created for the given academic year.

  • USUB Loan Fee = Annual Loan Limit * USUB Loan Processing Fee
  • Grad PLUS Loan Fee = (COA – Annual USUB Loan Limit) * Grad PLUS Loan Processing Fee



Annually, the University and its insurance broker assess the previous year’s usage of the insurance plans to determine if the plan’s services are conducive to students’ needs. Based on the services and the past year’s usage, a proposed coverage plan is sent out to multiple insurance carriers to place a bid.

Housing, Food, Personal & Transportation

Annually, the U.S. Bureau of Labor Statistics provides a consumer price index (percentage that cost of living rose) in which the University uses to evaluate previous year’s student Cost of Attendance. The student living allowance at the University align with the living expense provided by the U.S. Department of Labor for the northeast Ohio area.  Costs associated with housing, transportation and miscellaneous will not exceed the moderate allowance provided by the College Board. For students indicating living with parent, the allowance for housing will represent the lower allowance as indicated by the College Board, for the percentage recommended for housing.

All tuition and fees, including insurance costs, are subject to change without notice.


NEOMED Financial Aid
Phone: 330.325.6275


Location: B-206
Hours: 8 a.m. to 5 p.m, Monday through Friday

Scholarships & Financial Aid

Office of Financial Aid