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Need–based aid process

Olin College offers need-based financial assistance in the form of federal, state, and institutional programs. Aid is available to U.S. Citizens and Eligible non-Citizens who meet eligibility criteria as established by the U.S. Department of Education. International students and non-citizens are generally eligible for the merit scholarship program only,

Families interested in applying for additional assistance must complete a Free Application for Federal Student Aid (FAFSA). Olin College’s institutional code is 039463. Allow appropriate time for processing at the Department of Education.  Consult Affording Olin for current deadlines and financial aid policy. The college is committed to meeting full demonstrated need for up to eight semesters of required full-time study for those who apply by the appropriate deadline and are eligible for additional assistance.

Olin College verifies all applications selected by the Department of Education as well as institutionally selected applications. The student will be notified if required to participate in this process. Incoming students should note that their award may be subject to verification. The initial award letter is considered TENTATIVE until the verification process is complete. Upper class students will be required to submit verification documents prior to receipt of an award letter.

Aid is disbursed and posted to the individual student account at the beginning of the semester for which it is intended. All eligibility criteria are evaluated prior to disbursement. Should a student receive assistance in excess of their balance, the Student Accounts Office will issue a refund for the credit due the student or parent. All billing and refund related inquires should be directed to Student Accounts.

Please direct any questions regarding financial aid to finaid@olin.edu or 781.292.2215.