Title: Student Enrollment Deposit
Procedure No: STO-60
Effective Date: 02-9-2018
Issuing Authority: Student Accounts Office
Contact: Student Accounts at firstname.lastname@example.org, 507-786-3296 or 866-640-4702
Last Updated/Reviewed: 04-01-2021
Purpose of Procedures:
To ensure that students are aware of the deposit requirement
Who needs to know these Procedures:
All St. Olaf College students.
All students are required to pay a $300 deposit prior to registering. The deposit will be placed in a hold account and not applied to charges. After graduating, the deposit will be refunded to students, minus any outstanding charges.
If the student does not graduate and leaves the college, the deposit will be forfeited.
New students who are concerned about the deposit amount should work with their Admission counselor. First Year Students – Deposits are non-refundable. They are either held until the next year or forfeited. First Year Students must contact the Admissions Office if withdrawing. If a student is deferring enrollment until the following academic year, we will hold the deposit for up to one year until that student returns to St. Olaf. If they do not start within one year the deposit will be forfeited.
Returning students who are concerned about the deposit amount should work with the Student Account Manager.