OBU's tuition & fees has increased from $23,320 (2014) to $32,480 (2024), and the rate of tuition increase is 39.28% over the past 10 years. The graduate school tuition & fees has raised from - (year 2014) to $17,188 (year 2024).
OBU's tuition increase rate is higher than the Arkansas's average increase rate of 32.14%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 40.57% from 2014 ($33,790).
For the current academic year 2023-2024, OBU's COA is $47,498, which is increased by 4.78% from last year.
The following table and chart show changes to OBU's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 39.28% for the last 10 years , and the 2024 tuition & fees are $32,480. The following table and chart show the tuition & fees changes at Ouachita Baptist University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,100, and it has not changed since 2014.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,100 | - |
|---|
| 2015-16 | $1,100 | |
|---|
| 2016-17 | $1,100 | |
|---|
| 2017-18 | $1,100 | |
|---|
| 2018-19 | $1,100 | |
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| 2019-20 | $1,100 | |
|---|
| 2020-21 | $1,100 | |
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| 2021-22 | $1,100 | |
|---|
| 2022-23 | $1,100 | |
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| 2023-24 | $1,100 | |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 20.21% when a student lives on-campus facilities and 8.56% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Ouachita Baptist University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $9,370 | $10,570 | - |
|---|
| 2015-16 | $9,680 | $10,663 | 3.31% |
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| 2016-17 | $9,920 | $10,755 | 2.48% |
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| 2017-18 | $10,630 | $11,230 | 7.16% |
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| 2018-19 | $10,880 | $11,230 | 2.35% |
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| 2019-20 | $11,200 | $13,280 | 2.94% |
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| 2020-21 | $11,430 | $13,670 | 2.05% |
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| 2021-22 | $12,710 | $13,670 | 11.20% |
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| 2022-23 | $13,050 | $13,900 | 2.68% |
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| 2023-24 | $13,918 | $16,838 | 6.65% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Ouachita Baptist University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Ouachita Baptist University | $32,480 | $31,180 | 4.17% |
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|
| Harding University | $24,888 | $23,148 | 7.52% |
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|
| John Brown University | $30,832 | $29,720 | 3.74% |
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|
| Hendrix College | $36,650 | $35,100 | 4.42% |
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|
| University of the Ozarks | $25,950 | $25,950 | - |
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|
| Philander Smith University | $13,014 | $13,014 | - |
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