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Applying for Aid
The Details and Deadlines
The Free Application for Federal Student Aid (FAFSA)
The FAFSA will be available for completion for the 2019-20 academic year on October 1, 2018. 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 2017 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.
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 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 is completed later in the process.
If we require additional information to determine your aid package, we will email the student directly. Please respond promptly to avoid any delay.
We recommend you complete your FAFSAby 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.
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.
When possible, use of the IRS Data Retrieval process will produce the most accurate financial aid award. This process will simplify verification documentation requirements and ensure we have accurate data. Please respond promptly for requests for documentation.
Incoming students should note that their initial award letter is considered tentative until outstanding documentation is received.
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 may 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 typically 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.