The St. Olaf FAFSA code is: 002382
- What is the FAFSA?
- Where do I get a copy of the FAFSA?
- How do I complete the FAFSA?
- When should I complete the FAFSA?
- Important things to remember
What is the FAFSA?
The FAFSA is a free application process used by schools, states, and the federal government to determine financial need. You MUST complete the application process every year you attend St. Olaf to qualify for any type of financial aid. Completing this form is the first step in the student financial aid process.
The information you report on your FAFSA is used to calculate an Expected Family Contribution (EFC) according to a formula set by Congress. See Need Based Financial Aid for details.
St. Olaf uses your EFC to determine what federal, state, and institutional aid you are eligible to receive.
Where do I get a copy of the FAFSA?
You may choose any of these three methods to file your FAFSA:
- Online Form. Almost all FAFSAs are submitted electronically. This is the easiest and quickest way to file a FAFSA. Visit the FAFSA Website to apply online (Recommended) or
- PDF. Complete a pdf FAFSA (Note: PDF FAFSAs must be mailed for processing) or
- Paper. Request a paper FAFSA by calling 1-800-4-FED-AID (1-800-433-3243). If you are hearing impaired, please contact the TTY line at 1-800-730-8913.
After you complete and submit your FAFSA, the government will compile your Student Aid Report (SAR). The SAR gives the Office of Financial Aid the information it needs to complete an award package including your EFC. An electronic copy will then be sent to you and each school that you chose to have it sent. When you receive your copy of the SAR, take a few minutes to look it over to assure the information is correct and the Federal Processor has not asked you to send in a signature.
Remember, to qualify for St. Olaf-funded financial aid, incoming students must also complete the CSS Financial Aid PROFILE. Returning students must fill out a St. Olaf Application for Financial Aid. This form can be filled out online through SIS and is available at St Olaf Financial Aid Online.
How do I complete the FAFSA?
While the FAFSA is not a difficult application to complete, it does take some time and effort. It will be beneficial for you and your parents to complete your tax returns as early as possible as much of the information on the FAFSA will come from these returns. St. Olaf verifies the FAFSA information, so it is very important to use current and correct information on your application to eliminate the possibility of the financial aid award changing when the data is verified..
You and/or your parents will need these documents to complete the FAFSA:
- Tax returns
- Records of untaxed income
- Current bank statements
- Current mortgage information
- Business and farm records
- Records of stocks, bonds, and other investments
- Social Security benefits and retirement plan information
Along with biographical, financial, and personal information, you must indicate that you want St. Olaf to receive your FAFSA in order for the school to receive your results.
St. Olaf’s FAFSA code is: 002382
If you have specific questions on completing your FAFSA use the FAFSA on the Web website maintained by the US Department of Education. It contains all the information you will need to successfully complete your FAFSA.
When should I complete the FAFSA?
You can complete the FAFSA beginning January 1 of each year. Deadlines for completing the FAFSA are as follows:
- Early Decision 1: March 1
- Early Decision 2: March 1
- Regular Decision: March 1
- Current St. Olaf Students: April 30
Remember, it can take a few days for the FAFSA to be processed. Plan ahead!
Important things to remember about the FAFSA:
The FAFSA is free!
You are required to complete the FAFSA EACH YEAR you attend St. Olaf.
- You may submit your FAFSA beginning January 1 of each year.
- Priority deadline for all St. Olaf financial aid material is March 1 (for incoming first year students) and April 30 (for returning students) of each year.
- St. Olaf’s FAFSA code is: 002382