Office of Admission and Financial Aid

phone
781-292-2215

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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 2020-21 academic year on October 1, 2019.   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 2018 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, the priority deadline for Olin to receive your FAFSA is February 15th.  We do NOT require the CSS Profile for domestic students.

Currently full need-based aid is offered 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 offers for on-time applicants will be delivered with the Admission Decision. All others will be sent on a rolling basis. Prospective student offers are considered tentative until the Verification is completed later in the process. 

If we require additional information to determine or verify an aid offer, we will email the student directly. Please respond promptly to avoid any delay.

Current Students  

The priority deadline for Olin to receive your FAFSA is January 1st. Students should monitor their student portal to view required documents.  Please respond promptly and submit additional forms if necessary. Currently enrolled students are required to submit verification documents prior to receipt of a financial aid offer.

Verification

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

When possible, use of the IRS Data Retrieval process will produce the most accurate financial aid offer.  This will also simplify verification documentation requirements and ensure we have accurate data.  Please respond promptly to requests for documentation.

  • Incoming students should note that their initial financial aid offer is considered tentative until outstanding documentation is received.

  • Returning students will be required to submit verification documents prior to receipt of a financial aid offer.  

Sibling Enrollment Verification

If multiple siblings are enrolled in college, Olin 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.