How to Apply for Financial Aid

The financial aid application process runs concurrent to the admission process.  For full consideration for all sources of aid please adhere to the deadlines listed below. For many, financial aid plays an important role in choosing a college and our goal is to provide you with accurate and timely information to help you make your decision.

The Net Price Calculator is a free tool designed to give families an estimate of their eligibility for need-based financial aid at St. Olaf College. It can be completed in 10-15 minutes. For answers to some of the most Frequently Asked Questions regarding financial aid, go to our FAQ’s page.


 

  • Step 1: Complete your Application for Admission to St. Olaf College.

    • For more information on merit scholarships and financial aid, click here.
      • Students who wish to apply only for merit scholarships do not need to complete any parts of the financial aid process.
      • All students are considered for Academic and Service scholarships during the admission review process. Academic and Service scholarship decisions are made by the Admissions Office.
      • Students applying for Fine Arts Scholarships must submit separate applications. Please click here for more information about applying for merit scholarships at St. Olaf.
  • Step 2: Complete the CSS/Financial Aid PROFILE.

    • For more information on the CSS PROFILE, click here.
      • St. Olaf is one of over 300 schools nationally to require the CSS PROFILE in determining institutional aid. The CSS PROFILE is a more in-depth and nuanced financial aid application than the FAFSA.
      • All students interested in need-based St. Olaf aid are required to complete the CSS PROFILE.
      • There is a fee required to complete the CSS PROFILE.
      • The CSS PROFILE for the 2016-17 Academic Year can be completed any time after October 1, 2015.  If you are completing the CSS PROFILE before you have final tax information for 2015, please use information from a previous year or estimate to the best of your ability.
      • If your parents are separated or divorced or were never married, St. Olaf will consider both biological parents’ financial information when determining eligibility for institutional need-based grants. 
  • Step 3: Complete the Free Application for Federal Student Aid (FAFSA).

    • For more information on the FAFSA, click here.
      • The FAFSA is required to determine your eligibility for all federal and state based financial aid, such as the Federal Pell Grant, Federal Direct Loans, Federal Perkins Loans or Minnesota State Grant.
      • There is no fee associated with filing the FAFSA.
      • Students who wish to apply for federal/state aid only (and do not wish to be considered for St. Olaf need-based grants) do not need to complete the CSS PROFILE.
      • If your parents are separated or divorced or were never married, only the custodial parent (the parent with whom you lived the most in the last 12 months) should complete the FAFSA.  If that parent has remarried, then your step-parent’s financial information should also be reported on the FAFSA.
  • Step 4: Submit tax and other required documents.

    • For more information on the tax and other required documents, click here.
      • Students who are receiving need-based financial aid are required to turn in additional documents to the Financial Aid Office.
      • We will require all student and parent 2015 1040 tax returns [including all federal schedules], W2’s and other forms as necessary.
      • This information is due by March 1st.
      • Please submit all completed 2015 tax documents to St. Olaf via DocEx.

  • Award Notifications

    Assuming you have completed Steps 1 and 2 by the priority deadlines you can expect a financial aid award notification to be sent to you in mid-December for Early Decision 1, on or before February 15 for Early Decision 2, and on or before April 1 for Regular applicants.

    If you apply after our priority financial aid deadlines, we will process your application as quickly as possible.