What is the comprehensive fee for 2013-14?
What is the difference between merit scholarships and need-based aid?
Merit scholarships consist of scholarships that are awarded to students for specific talents or accomplishments: e.g., academic and fine arts (music, dance, theater, art and art history). They are awarded without regard to a family’s ability to pay for college.
Can international students receive financial aid?
Does St. Olaf offer any athletic scholarships?
When are bills sent out for tuition and fees?
Applying for Aid
Is there a way to get an idea of how much financial aid my family will qualify for before I apply?
Due to the holistic nature of our merit scholarship awarding process, the estimator cannot completely predict your eligibility for our varied merit aid programs, nor can it take into account any of your family’s special financial circumstances that might be considered during the need-based aid application process.
How do I apply for financial aid?
What is your FAFSA code?
What is your CSS Financial Aid PROFILE code?
Are there special application instructions for divorced parents?
For consideration of need-based financial aid from St. Olaf, a Noncustodial PROFILE is required in cases where the applicant’s biological/adoptive parents are separated or divorced. When a student and custodial parent submit the PROFILE, the student will be sent instructions about how to file the Non-Custodial Profile. Each parent’s ability to pay for college expenses will be evaluated in determining eligibility for St. Olaf need-based aid.
How do I apply for financial aid as an independent student?
When will I hear if I’m eligible for aid?
Need-based financial aid awards are mailed one week following the admission decision. Please note: Some need-based financial aid awards may be delayed until merit scholarship decisions are finalized. You can find more information on financial aid dates and deadlines on our website.
How can I be sure I get the best aid package?
Does applying Early Decision help or hurt my chances of getting financial aid?
Are there other ways to pay for school besides grants and scholarships from St. Olaf?
Talk to your local high school guidance office for possible scholarship sources and conduct your own internet search of possible sources. While the large online scholarship databases, such as Fastweb can be really helpful, your best chances of winning a scholarship is at the local level. The best way to find out what scholarships you have the best chance of winning is to talk to your teachers, counselors and even older friends who may have won the scholarship in the past.
Must I reapply for financial aid every year?
Merit scholarships are automatically renewed each year, assuming you have met the minimum GPA and/or fine arts participation requirements outlined in your original scholarship offer.
Understanding the Financial Aid Award
How do the merit scholarships I’ve received from St. Olaf fit into my need-based financial aid package?
In most cases, students with merit scholarships have the best financial aid packages we offer within our need-based program (i.e., the highest percentages of gift aid and the lowest percentages of loans and student employment).
If I receive an Early Decision financial aid award and later receive a merit scholarship from St. Olaf, how will the merit scholarship fit into my financial aid award?
This means that if the merit scholarship is smaller than the St. Olaf Grant already awarded, there will be no change in the total award. If the merit scholarship exceeds the amount of the St. Olaf Grant awarded, the St. Olaf Grant will be removed and replaced by the higher merit award.
Can I expect to receive a similar financial aid package each year?
Federal and state gift aid is determined using a federal formula, so even small changes in income may affect the amount awarded. Commensurate with federal loan limits and guidelines, sophomores, juniors, and seniors can expect increases in the loan amount of their financial aid awards. If you or your parents have specific questions about how your package will look for all four years, we encourage you to talk with your St. Olaf Financial Aid counselor, especially if you know that your financial circumstances will change (e.g., an older sibling is graduating from college or a younger one will start college while you are enrolled). We understand you are making a four-year commitment, and we are happy to provide an estimate of future eligibility.
Do outside scholarships affect my financial aid package from St. Olaf?
If a student receives enough outside aid to eliminate the self-help portion (subsidized student loans and work study) of the package and the student’s need has been fully met, only then will need-based St. Olaf gift aid be reduced. Merit scholarships generally are not reduced when a student receives an outside scholarship.
In all cases, outside scholarships improve the financial aid package by increasing the total amount of grant and scholarship dollars in your award and sometimes reducing the amount you have to earn and borrow.
I received more financial aid from another school. Does St. Olaf match financial aid packages from other schools?
We administer financial aid programs with a commitment to equity, consistency and transparency in awarding resources. Although we do our best to take into account each family’s specific circumstances, we do not adjust financial aid packages based on the amount of financial aid offered from a different school.
How can I request a reconsideration of my merit based scholarship(s)?
How can I request a reconsideration of my financial aid application?
Families may request a review of their financial aid award when the family’s circumstances have changed significantly. Job losses and major medical expenses (that have already been paid) are examples of circumstances that can be grounds for reconsideration. These requests should be based on the family’s financial situation changing, not other factors.
Please feel free to contact us (email@example.com) if you have questions about your family’s circumstances and how to request reconsideration.
Will St. Olaf reconsider my award if it is not enough to make St. Olaf affordable for me and my family?
What if my family’s financial situation changes during the year?
Are students who do not qualify for need-based financial aid allowed to work on campus?
With the exception of a few “special skills” positions (e.g., tutoring, lifeguarding, phoning for the Annual Fund), only students who have a work award as a component of their need-based financial aid award are eligible to work on campus.
What happens to my financial aid award if I study overseas?
St. Olaf also has additional scholarships available to help defray the extra costs associated with studying abroad on one of our approved semester or year-long programs. You will be instructed on how to apply for these scholarships when you are accepted to a program. Additional loans (for students or parents) will also be available.
How much loan debt am I likely to accumulate?