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SCHOLARSHIPS and GRANTS
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How much does it cost to attend Olivet College?
Many families believe they cannot afford to attend a private college. What many people do not take into consideration is that there are numerous types of financial aid available to help students pay for college. In addition to state and federal grants, loans and work opportunities, Olivet offers a variety of financial aid opportunities. Aid is awarded based on considerations such as student need and academic merit. Tuition and Fees

The following financial assistance is available from Olivet College
There are three kinds of financial assistance available to students: scholarships, grants and loans. Scholarships and grants come in a variety of forms and do not require students and parents to repay any of these resources. Most educational loans require repayment within a specified time period after graduation.

Students can receive need-based monies. To be eligible to receive financial aid, students must complete and file the Free Application for Federal Student Aid (FAFSA) form by March 1. You can also go to Web sites such as finaid.org and fastweb.com to search for more scholarship opportunities.

Board of Trustees Scholarship
$13,000 per year awarded to our highest academic achievers based on cumulative high school GPA and standardized test scores. The ideal Board of Trustees Scholarship recipient holds a GPA of 3.8 and an average ACT score of 25 or better. The total value of this scholarship after four years is $52,000.

Presidential Scholarship
$11,000 per year awarded to students based on cumulative high school GPA and standardized test scores. The ideal Presidential Scholarship recipient holds a GPA of 3.4 and an average ACT score of 22. The total value of this scholarship after four years is $44,000.

Dean's Scholarship

$10,000 per year awarded to students based on cumulative high school GPA and standardized test scores. The ideal Dean's Scholarship recipient holds a GPA of 3.0 and an average ACT score of 20. The total value of this scholarship after four years is $40,000..

Shipherd Scholarship
This award is named after Father John Shipherd, founder of Olivet College. $8,000 per year awarded to students based on cumulative high school GPA and standardized test scores. The total value of this scholarship after four years is $32,000.

Global Citizens Honors Program
Students compete for various scholarship awards – including a full tuition scholarship and numerous $1,000 scholarships – through an essay contest and interviews with Olivet College employees.

Music Scholarship
Prospective students can audition for up to $2,500 in annual scholarship awards. Year-to-year eligibility is determined by maintaining the scholarship criteria.

Mission Grant
The value of this award is based on each student's financial need. The award amount is committed for four years, provided there are no major changes in a family's financial circumstances or the student's enrollment status.

Community Connection Grant
The Community Connection Grant (CCG)offers area students an opportunity to attend Olivet at a significantly disounted rate.
Available to any student meeting admissions requirements who has graduated from or currently resides in the following communities:
Albion; Athens; Battle Creek Central, Battle Creek Lakeview; Battle Creek St. Philip; Bellevue; Charlotte; Climax-Scotts; Concord; Dewitt; East Lansing; Eaton Rapids; Grand Ledge; Harper Creek; Holt; Homer; Jackson Lumen Christi; Lakewood; Lansing Catholic Central; Lansing Eastern; Lansing Everett; Lansing Sexton; Maple valley; Marshall; Mason; Okemos; Olivet; Parma Western; Pennfield; Portland; Potterville; Springport; Tekonsha; Union City and Waverly.
NOTE: Receipt of the Community Connection Grant
supercedes all other institutional aid. International students may qualify for institutional financial assistance based on their Test of English as a Foreign Language (TOEFL) scores and domestic academic acheivement. Contact the Office of Admissions at 1-800-456-7189 for more information.

Student Employment
Resident and Non-Resident Student - $1,000

Awarded to admitted students based on financial need and/or student qualifications. Students can apply for campus jobs via the Olivet College Web site beginning August 1.

http://www.olivetcollege.edu/student_employment/index.php.

The Cost of an Olivet College Education
(based on 12-17 credit hours)

Tuition and fees: $22,950 / year
Room and Board: $7,900 / year
Student fee: $825
Student Government fee: $26
Total costs: $31,701 / year

Potential Financial Aid:
Institutional Aid
Scholarships combined worth up to $10,000 / year
Work Study worth up to $ 1,000 / year

State Aid
Michigan Tuition Grant: $ 1,524 / year
Availability of the Michigan Tuition Grant is contingent on funding for this program.

Federal Aid
Pell Grant worth up to $ 5,730 / year
Federal SEOG worth up to $ 200 / year
Stafford Loans worth up to $ 9,500 / year


The following will have an impact on your qualification for financial aid:

1. Submission of the Free Application for Federal Student Aid (FAFSA) by March 1.

2. Total family income including taxable and nontaxable incomes as well as personal assets.

3. Listing Olivet College (Code: 002308) as your number one school of choice on the FAFSA form.

Acceptance Program
The college encourages you to apply early with the understanding that admission to the college will be based on space availability.


Applying for Financial Aid
Students should apply for financial aid in early January by completing the Free Application for Federal Student Aid (FAFSA). To ensure that students receive maximum consideration for Olivet College grants and all federal and state grants and loans, students are encouraged to submit this form by March 1. Students and parents can submit this form online by going to the federal financial aid Web site at www.fafsa.ed.gov.

While you are completing the FAFSA, make sure you list Olivet College first on your application, along with our federal code number of 002308. The FAFSA form takes approximately four to six weeks to process before Olivet College receives notification of your award(s). We will then send you a financial aid award letter. The federal government will also send you a summary document called the Student Aid Report form.


Grants
There are grants available from the federal government and the State of Michigan. The amount of grants will vary based on each student's financial need. The following is a listing of federal and State of Michigan grant programs.

Federal Pell Grant
Amount varies up to a maximum of $5,730

Federal Supplemental Educational Opportunity Grant
Amount varies up to a maximum of $4,000

Michigan Tuition Grant
Amount varies up to a maximum of $1,524
You must list Olivet College as your first college choice for this grant to be applied to your student account.

TEACH Grant Program (Teacher Education Assistance for College and Higher Education)
Provides grants up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families.
Requirements


Student Loans
The following are loan programs federally insured by various lenders, as well as various alternative loan venders.

Federal Stafford Loan
Freshman Year - $3,500 subsidized; $2,000 unsubsidized
Sophomore Year - $4,500 subsidized; $2,000 unsubsidized
Junior and Senior Year - $5,500 subsidized; $2,000 unsubsidized
Federal Perkins Loan amount varies up to $4,000 each year

Parent Loan for Undergraduate Study (PLUS)
Amount varies up to the total educational cost minus financial aid and parent approval of credit.

Private/Alternative Loans
Amount varies up to the total educational cost minus financial aid and credit rating.


Scholarships and Grants from other sources
There are several free scholarship searches on the internet. The Web site http://www.finaid.org has information on all aspects of financial aid and has links to several free scholarship searches. Since most scholarships have deadlines that range from February to June, it is important that you complete your search during the fall of the year prior to your enrollment. In addition, high school seniors are advised to contact their guidance office for information about local area scholarships.

For more information or to request an estimate of what your costs to attend Olivet College might be, please contact the admissions office at admissions@olivetcollege.edu; phone (269) 749-7635; or write to Olivet College Admissions, 320 S. Main St., Olivet, MI 49076 U.S.A.


Contact Information
You can contact the following offices to receive additional information or assistance:

Student Services
320 S. Main St.
Olivet, MI 49076
(269) 749-7645

Office of Admissions
(269) 749-7635
(800) 456-7189

Federal Student Aid
(800) 4-FED-AID

Information Center
(319) 337-5665

Michigan Student Financial
(517) 373-3394

Assistance Services - State of Michigan Office of Scholarships and Grants
(888) 447-2687

For more information or to request an estimate of what your costs to attend Olivet College might be, please contact the admissions office at admissions@olivetcollege.edu; phone (269) 749-7635; or write to Olivet College Admissions, 320 S. Main St., Olivet, MI 49076 U.S.A.


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