My Financial Aid Package
The St. Olaf College Financial Aid Committee has reviewed your application for financial aid. The financial aid we are able to offer you is viewable using the link provided at the bottom of this page. To accept our offer, access your award online, accept or decline the individual components, and accept your award. By accepting your award you are indicating that you understand scholarships, grants and loans will be disbursed directly as credits to your Comprehensive Fee account. You also authorize the St. Olaf College Financial Aid Office to certify your Federal Stafford Loan. If you would like a different amount certified, please make the appropriate changes to your online award. Your acceptance also indicates that you have read and understand the terms and conditions of your award provided on this website. (Terms and Conditions)
The following are some changes and special situations you may need to be aware of as you review your financial aid package:
Study Abroad: Semester programs: If you requested financial aid to assist in covering costs for a semester program, the program fee will be reflected in the Study Abroad component of your cost of attendance and was considered in the determination of your award. The room and board compenent of your costs have been adjusted to reflect the time you will be away from St. Olaf College. If you plan to study abroad on a semester program, and there are no Study Abroad expenses listed in your cost of attendance, then contact our office so we can reconsider your award.
Interim programs: At this time, we may or may not have considered your eligibility for financial aid for an Interim program depending on whether you have submitted an Interim loan request form. Please check the study abroad component of your cost of attendance to determine if we have included aid for your interim costs. If you are unsure, please contact our office.
Student Work Wages: The student wage rate for first year and sophomore students is $7.40 per hour. Junior and senior students will earn $7.65. Student returning to positions where they worked previously may be paid $7.65 per hour. If your student work amount is too large for the number of hours you expect to work, let us know so we may review your loan eligibility for a possible increase.
Room and Board Expenses for Students Who Live Off-Campus: Your award letter includes an allowance for room and board of $7,900. Credits for room and/or board will be reflected on your bill.
Federal Stafford Loan Application Process: If you completed a Master Promissory Note to receive your Stafford Loan last year, you will not need to complete a Stafford Loan application this year. Simply accept your award online, and we will approve a Stafford Loan for the amount you have accepted on your award. You must accept your award online, or we cannot approve your loan!
If you did not use a Master Promissory Note to apply for a Stafford Loan last year, or if this is the first time you have applied for a Stafford Loan, you can complete the MPN online using the link provided on this website or request a hard copy.
Award Changes from 2008-2009: If your St. Olaf Scholarship/Grant and/or federal and state aid has decreased from 2007-2008, a reason for the decrease will be given on the online award. There are a number of circumstances that may have affected your eligibility (e.g., reductions in family size or number in college and increases in parental income).
As always, if you have any questions or concerns that you need
clarified, please contact our office toll-free 1 (877) 235-8386
or locally (507) 786-3019.
Remember to log into your account for the first time, you will need your social security number. Once in the system, choose "Create an account " to create a password for your account.
