The Scarlet & Gray Advantage program will empower eligible Ohio State students to earn their bachelor’s degree — debt-free — freeing them to pursue a vibrant future without the burden of student loans. The program will scale up within a decade, starting with a small pilot in autumn 2022.
Components of the program
Scholarships and grants
Through scholarships and grants, students of all backgrounds and income levels can attend Ohio State and experience all that the university has to offer. Ohio State is taking immediate steps to expand scholarship support, creating paths for even more students to pursue their dreams and goals. Cover the estimated cost of attendance through scholarships and grants, work-study and family contributions.
Students will be active participants in achieving their debt-free degree. Through a mixture of paid internships and job opportunities with employers throughout the country, students participating in the Scarlet & Gray Advantage program will gain valuable experience while earning money toward their debt-free education.
Students in the Scarlet & Gray Advantage program will have access to career development and leadership programs that will set them up for success. Programs will assist students in building a strong professional foundation, from their first job to ones down the road.
Helping our students understand personal finance can prepare them for future success. Participating students will engage in financial literacy programs that will benefit them as they start their careers and through a lifetime of decisions.
Help students access a vibrant future
By supporting the Scarlet & Gray Advantage program, you are providing pathways for students to reach their goals and achieve their educational and life dreams. You can champion these Buckeyes to go further, discover more and change the world.
Debt-free degree to offer scholarships, work opportunities, grants and financial literacy
Learn more about the Scarlet & Gray Advantage program, our plans for funding this life-changing program and a pilot that will help the university create a debt-free bachelor’s degree.
Ohio State will provide students who participate in the Scarlet & Gray Advantage program with enhanced access to scholarships, work opportunities and learning experiences focused on financial coaching and career development.
- Financial aid: The university will ensure that participating students can cover the total estimated cost of attendance through a combination of scholarships, grants and their family contribution. The estimated cost of attendance includes tuition, mandatory fees, housing, dining and indirect costs like books and personal expenses.
- Work experiences: Ohio State will help participating students identify paid work opportunities, both during the academic year and during summers, to help them financially support their education and develop work experience. Work opportunities may include Federal Work Study, on-campus jobs, paid internships, research positions and jobs with third-party employers.
- Learning experiences: The Scarlet & Gray Advantage program will provide coaching, workshops and other experiences where students can learn how to navigate college, develop their personal finance skills and begin the process of career exploration.
No. The Scarlet & Gray Advantage program will rely on the active participation of students interested in a debt-free bachelor’s degree. The university will continue to meet a portion of students’ needs through scholarships and grants, and students will be expected to contribute to their education. The program is designed to help students avoid loans, not to forgive debt.
Undergraduate students at all Ohio State campuses will be eligible to participate when the Scarlet & Gray Advantage program is fully launched. Students typically will join the program as new first-year students.
Ohio State will use a pilot, starting in autumn 2022, to determine how the Scarlet & Gray Advantage program scales up over the next 10 years. The pilot will include about 125 new, first-year students who will start at Ohio State that semester. For other students, the university continues to support students through existing scholarships and grants, work opportunities and programs on financial literacy and other topics.
The students participating in the Scarlet & Gray Advantage pilot have been identified through a process in which new first-year students were randomly selected to receive invitations. The pilot, which includes 125 students who are beginning at Ohio State in 2022-23, will help determine how the program grows in subsequent years.
For other students, the university continues to provide support through existing scholarships and grants, work opportunities, and learning experiences focused on financial coaching and career development.
Students who participate in the Scarlet & Gray Advantage program will be able to graduate debt-free by taking advantage of federal, state and university scholarships and grants, paid internship and work opportunities, and educational programs. Students will need to complete a FAFSA (Free Application for Federal Student Aid) annually and commit to actions such as maintaining full-time enrollment, pursuing paid internship and job opportunities, and participating in learning experiences focused on financial coaching and career development.
Students who are not part of the Scarlet & Gray Advantage program can avoid or minimize student loans by taking advantage of available scholarships and grants, work opportunities and learning experiences focused on financial coaching and career development.
The university offers a variety of scholarships and grants, work opportunities and learning experiences focused on financial coaching and career development. These are some of the affordability programs expanded in recent years:
- Ohio State Tuition Guarantee: The university freezes tuition, mandatory fees, housing and dining rates for each incoming class of in-state students. This guarantee lasts four years for each class.
- Summer Tuition Discount: Ohio State offers a 25% discount on summer tuition rates compared with autumn/spring rates for Columbus campus students.
- The Buckeye Opportunity Program: In-state students who qualify for Pell Grants receive a scholarship and grants package that covers at least the full cost of tuition and mandatory fees.
- The President’s Affordability Grant: Ohio State provides grants of up to $2,250 per year to approximately 15,000 low- and middle-income Ohio students annually.
- Affordable Learning Exchange: The university’s textbook affordability program helps instructors develop and use free or low-cost course materials. The Affordable Learning Exchange has saved students more than $20 million since 2016.
Prospective students can learn more about financial aid opportunities through Undergraduate Admissions. Current students can find resources, including the ScholarshipUniverse tool for locating opportunities for possible matches, through Student Financial Aid.
Ohio State already offers strong programming to support students interested in financial literacy and career coaching, and the university is evaluating how to expand these options alongside the Scarlet & Gray Advantage program.
Existing students can take advantage of programs such as:
- Scarlet and Gray Financial, a financial literacy and peer-to-peer coaching program housed in the Student Wellness Center, which is part of the Office of Student Life.
- Buckeye Careers, which offers services including career coaching and preparation programs. Buckeye Careers is part of the Office of Student Life.
- Handshake lists job, internship, co-ops and career opportunities available for Ohio State students.
Many other programs exist throughout the university, and students are always encouraged to also investigate options that may be available through their academic programs.
In 2020, less than half (47%) of Ohio State’s bachelor’s degree recipients graduated with debt, and these borrowers graduated with debt of $27,133 on average. Because of existing affordability initiatives, these numbers have been declining in the past few years. For the 2017 graduating class, 53% had debt at the time of graduation, for an average of $28,158.
Ohio State is raising $800 million for undergraduate scholarships over the next decade, including $500 million in endowments. The university has created a $50 million program to match private donations that create new endowments or support existing ones for undergraduate scholarships.
Learn more about opportunities to give through the Ohio State University Foundation.