Affording a St. Olaf Education

St. Olaf College is committed to providing a unique educational experience that delivers lasting value to our students. We know a St. Olaf education is expensive — this is true of all high-quality colleges. However, we have a long tradition of meeting the demonstrated need of all admitted students. It’s an important commitment that ensures we will continue to attract and educate a diverse student body of thoughtful and talented young men and women from a wide range of socio-economic backgrounds.

We will work closely with every student and his or her family to fairly and equitably consider their financial circumstances and resources in preparing the strongest financial aid package we can offer. St. Olaf may not be the least expensive option for some families, but a St. Olaf education is a sound investment for every student.

Merit Scholarships

To recognize past achievement and invest in promising students and the talents they will contribute to the St. Olaf community, the college offers merit scholarships in academics, the fine arts, and service leadership. We also participate in the academic scholarship programs of the National Merit Scholarship Corporation.

Merit scholarships are one way we attract and support students who have skills, talents, and personal qualities that balance and enrich this community. While we offer scholarships in academics, the arts, and community engagement, as a member or the National Collegiate Athletic Association – Division III, we do not offer athletic scholarships. Athletes are welcome to seek other merit scholarships for which they qualify.

Need-Based Financial Aid

Our need-based financial aid program is designed to enable all admitted students to fully participate in the programs and activities that enrich the St. Olaf experience. Need-based financial aid packages typically combine scholarships, grants, loans, and student employment. To qualify for federal financial aid, students and their families must complete the Free Application for Federal Student Aid (FAFSA). To qualify for St. Olaf-funded financial aid, students and their families must complete the CSS/Financial Aid PROFILE administered by the College Board.