Financial Aid Office

phone
781-292-2215

Keep in touch

Click here to stay in touch and learn more about Olin College of Engineering. Read More

Applying for Aid

The Details and Deadlines

The Free Application for Federal Student Aid (FAFSA)

The FAFSA will be available for completion for the 2018-19 academic year on October 1, 2017.   The Olin College Federal School Code is 039463.  Families interested in applying for need-based aid should complete the FAFSA as soon as possible - keeping in mind the deadlines noted below.  The FAFSA will be completed based on your 2016 federal income taxes, so there will be no need to estimate income.  We do recommend using the IRS Data Retrieval process as it is the most accurate way of completing the FAFSA. 

Prospective Students

All admitted students will receive the merit-based Olin Tuition Scholarship -  no additional application materials are required. 

If you wish to apply for need-based aid, we recommend you complete your FAFSA at www.fafsa.ed.gov by February 1st. The deadline for Olin to receive your FAFSA is February 15th, so this allows plenty of time for processing.  We do NOT require the CSS Profile for domestic students.

Currently full need-based aid is awarded to U.S. Citizens and Eligible Non-Citizens only. Limited need-based aid may be available for International students.  International students are not able to complete the FAFSA.  Additional information can be found here regarding the need-based aid process for international students. 

Financial Aid Awards for on-time applicants will be delivered with the Admission Decision. All others will be sent on a rolling basis. Prospective student awards are considered tentative until the Verification process is completed later in the process. 

If we require additional information to determine your aid package, the we will email the student directly. Please respond promptly to avoid any delay.

Current Students  

We recommend you complete your FAFSA at www.fafsa.ed.gov by December 15th .  The deadline for Olin to receive your FAFSA is January 1st , so this allows plenty of time for processing.  If we require additional information to determine your aid package, the we will email the student directly.  Students can also view required documents on the student portal.  Please respond promptly to avoid any delay.

Upper class students are required to submit verification documents prior to receipt of an award letter.

Verification

Olin College verifies all applications selected by the Department of Education as well as institutionally selected applications. We will notify you if you are required to participate in this process.

Any student who has completed the FAFSA with estimated tax data should update the FAFSA once actual tax data is available.  If possible, please use the IRS Data Retrieval Process to make corrections, as this process will simplify verification and ensure we have accurate information.  Please respond promptly for requests for documentation.

  • Incoming students should note that their initial award letter is considered tentative until the College has received actual tax data.

  • Returning students will be required to submit verification documents prior to receipt of an award letter.  

Sibling Enrollment Verification

If you report multiple siblings enrolled in college, we will request verification of this enrollment.   In order for the sibling(s) to be considered “in college” for the purposes of Olin need-based financial aid, they must be enrolled at least half-time in a degree or certificate program at a post-secondary institution eligible to receive federal funds.  In addition, siblings typically must be considered dependent for financial aid purposes at their institution.  Please read carefully the federal guidelines for inclusion in the household and number in college.  Siblings in graduate school are usually considered independent and frequently do not pass the support threshold to be included in the household or the number in college.  Siblings who are in a service academy or and parents of dependent students should not be counted as “in school”.  Notify our office immediately of any changes to the educational plans of siblings who were initially reported as in school as adjustments to financial aid eligibility may be necessary.