Dear Ole Students and Parents:
Greetings from the Financial Aid Office and the Student Accounts Office!
The primary role of the Financial Aid Office is to assist students in paying for college through the use of federal, state, private and institutional financial aid programs. An important piece of that role is to help students and parents complete all of the appropriate paperwork so various forms of financial aid can be disbursed to the student’s account in a timely manner (by the time school starts in September).
The primary role of the Student Accounts Office is to create and maintain each student’s comprehensive fee billing statement and to work with families to settle those accounts as they come due. We can answer specific questions about the student’s account and process credit balance refunds for students.
Since many St. Olaf students receive financial aid, it’s understandable that, even though we are housed in separate offices, the Financial Aid Office and the Student Accounts Office work very closely together to assist families in paying the bill and managing their student account at St. Olaf. The online information will give you an overview of how the billing process works at St. Olaf and will answer some of your questions about how our offices work together.
If you are a financial aid recipient, you should have received the Financial Aid Timeline in the packet of information containing your award. It outlines what forms are due and when.
Throughout your time with us on “The Hill”, please feel free to contact our offices at any time for assistance. The Financial Aid Office can be reached toll-free at 877-235-8386, and the Student Accounts Office can be reached toll-free at 866-640-4702. We look forward to greeting you in person on September 1st!
Sincerely,
Sandy Sundstrom Erin Nesseth
Director of Financial Aid Student Accounts Manager
Financial Timeline
JANUARY 1 – MAY 1
If you have not already done so:
Submit 2011-2012 Free Application for Federal Student Aid (FAFSA)—available online at www.fafsa.ed.gov
Submit copies of parent and student 2011 tax returns (including all schedules) and W-2 forms to the Financial Aid Office.
MAY 1 (POSTMARK DATE)
Make first $300 deposit
Accept your award using Financial Aid Online
JUNE 1
Make second $300 deposit
JUNE 15
Submit the following forms:
_____Outside Scholarship Form
_____Student Employment Application
_____Student Employment Payment Method Form
_____2012-13 Verification Form – Dependent Student.
All forms should be downloaded and printed from Financial Aid Online and submitted to the Financial Aid Office.
JULY 1
Enroll with TMS if selecting monthly or quarterly payment plans.
Set up email addresses to receive E-Bills in SIS. See E-bill statements page for more information.
JULY 15
If you have accepted any loans in your financial aid package, you will need to apply for them separately at: www.stolaf.edu/services/financialaid/loans.htm
AUGUST 24
Fall Semester Payment Due
Make sure to bring two forms of identification with you to campus if you plan on working, so that you can complete your I-9 Form. You will not be allowed to receive your employment assignment or begin working unless you have proper identification.
