Financial Aid Office

phone
781-292-2215

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Applying for Aid

The Details and Deadlines

The Free Application for Federal Student Aid (FAFSA)

Beginning with the 2017-18 academic year, the applicable FAFSA will be available for completion as of October 1st of the preceding year.  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 the most recently filed Federal income taxes, so there will be no need to estimate income.  For example -  if you are applying for aid for the 2017-18 academic year, you will be providing income from your 2015 Federal Income Tax Return.   The FAFSA will direct you to the appropriate tax year.  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 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.  The Olin College school code is 039463. 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 Financial Aid Office will email the student directly. Please respond promptly to avoid any delay.

Current Students  (Note: Change in deadline for the 2017-18 academic year)

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.  The Olin College school code is 039463.  If we require additional information to determine your aid package, the Financial Aid Office 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. The Financial Aid Office 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 must be considered dependent for financial aid purposes at their institution.  Siblings who are in a service academy or graduate programs 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.