Non-St. Olaf Scholarship Opportunities
Do outside scholarships affect my financial aid package from St. Olaf?
Outside scholarships are added to the package already offered by St. Olaf. However, when a student has a need-based award, college policy and federal regulations may require us to make adjustments to the package. In those cases, the Federal Perkins Loan will be reduced or eliminated first, and further reductions will be split between student employment and the Federal Direct Subsidized Loan.
If a student receives enough outside aid to eliminate the self-help portion of the package and the student’s need has been fully met, then and only then, will need-based St. Olaf gift aid be reduced. This is very rare and please feel free to contact our office if you think this will be applicable to your student’s situation. 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 grant and scholarship dollars in your award. Sometimes this may affect the amount of work study or subsidized student loans, but it will NOT decrease a student’s overall grants and scholarships.
Outside Scholarship Databases
There are many privately funded scholarships availabe for students attending a higher education institution. The databases below will help guide you through the process of finding applicable scholarships that apply to you specifically. Although it is a time consuming process, you may be an application away from receiving additional gift aid towards your tuition costs. Many of these scholarships are geared toward prospective students.