Affordability Overview
From St. Olaf
A great college education gives you the freedom to choose your own future; too much student debt can limit that freedom. At St. Olaf, we meet 100% of demonstrated financial need, so if you are admitted you and your family can afford to attend St. Olaf.
We also offer merit scholarships in academics and the fine arts. Merit scholarships range from $2,000 to $30,000 per year.
Scholarships Overview
From St. Olaf
St. Olaf offers competitive scholarships that recognize achievement and potential for academic, artistic, service, and leadership success.
Academic scholarships are awarded on the basis of the application through the St. Olaf Admissions Office. Fine arts scholarships are awarded on the basis of the fine arts application, audition, interviews, or portfolio reviews by faculty members.
Costs
The sticker price at St. Olaf is $69,000. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
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St Olaf College Financial Aid
Students who are applying for financial aid at St. Olaf need to submit both the Free Application for Federal Student Aid (or FAFSA), as well as the CSS Profile.
The FAFSA opens up on October 1st, and students should apply as soon as they can! The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for St. Olaf is 002382 and the CSS Profile Code is 6638.
It should be noted that while the FAFSA is free, the CSS Profile does require an application fee. However, students can qualify for a CSS Profile application fee waiver if the cost will present a financial hardship for the students’ family.
If you are looking for more information on how to complete the FAFSA or the CSS Profile, check out these resources:
St Olaf College’s 100% Need-Met Guarantee
St. Olaf has committed to meeting 100% of applicants’ financial needs. They determine your financial need using the FAFSA and/or CSS Profile, and will ensure that your financial aid package covers any costs you cannot pay.
Colleges that Change Lives
St. Olaf is a member of the Colleges that Change Lives coalition. This is a coalition based on Loren Pope’s 1996 book about colleges that provide an education that is valuable beyond the numbers. There are many types of schools on this list, but the organization has vetted each school to ensure it is student-friendly, offering small classes and individual attention to each pupil. These schools also tend to take a holistic approach to admissions and demonstrate strong outcomes for their alumni. Schools on this list have all undergone a thorough review to ensure that they provide a quality education to their students.
Midwest Student Tuition Exchange
St. Olaf is in a state that participates in the Midwest Student Exchange. That means that if you are a resident of Indiana, Kansas, Minnesota, Mississippi, Nebraska, North Dakota, Ohio, or Wisconsin, you may qualify for discounted tuition at St. Olaf. This program applies to both private and public institutions, although the discount at private institutions is lower. Check their website for more information on eligibility and what your discount would be.
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Pell Grants at St Olaf College
22% of students at St Olaf College receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to St Olaf College.
You can learn more about Pell Grant eligibility here.
Outside Scholarships
St. Olaf students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources: