<p>Yes, it’s annual. But… this was 2006-2007, BEFORE the Odyssey scholarships. If your parents make less than $60k, add $5.4k to that figure. PLUS, you have to realize that this was a time in which the total cost of tuition (tuition, room and board, etc. all included) was about $46k. Now it is about $55k. If your parents make less than $15k and you gain entrance, you are almost certain to receive full financial aid. That is, you will probably have to pay your annual student expectation amount (about $2-3k/year), but beyond that, it should be all covered.</p>
<p>Yield for students who receive Odyssey scholarships (those under $75k) is 61%, which means that the students were very satisfied with their aid packages.</p>
<p>And yes, that website figure is annual. But you have to consider that that amount MAY include loans. It does not clarify, so it is ambiguous.</p>