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

What kind of financial assistance is available?
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.

Scholarships
Scholarships are typically awarded using a merit-based criteria. For example, Olivet College has scholarship categories that allow us to recognize student excellence in two important areas:

1) their academic achievements in high school and college, and:

2) their involvement in service-based activities that provide important contributions to their communities.

In addition, 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.

The Following financial aid assistance is available from Olivet College

Presidential Achievement Scholarship
Resident Student - $8,000
Non-Resident Student - $6,000
Awarded to admitted students with a high school or college grade point average of 3.5 or higher and an ACT score of 24 or higher.

Academic Achievement Scholarship
Resident Student - $6,000
Non-Resident Student - $4,000
Awarded to admitted students with a high school or college grade point average of 3.0 to 3.49 and an ACT score of 18 or higher.

Mission Award
Amount to be determined after submission of FAFSA Awarded to admitted students who did not qualify for the Presidential Achievement Scholarship or Academic Achievement Scholarship.

Excellence Award - $2,000
Awarded to admitted students with a history of leadership and involvement in service-based activities, various affiliations and co-curricular involvement.

Community Connection Grant - $9,290
Available to new freshman, transfer or non-traditional students from eligible area high schools.

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.

Community Connection Grant
The Community Connection Grant (CCG) offers area students an opportunity to attend Olivet at a significantly discounted 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; 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.

For more information on the Olivet College Community Connection Grant, call 1-800-456-7189.

NOTE: Receipt of the Community Connection Grant supersedes 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 achievement. Contact the Office of Enrollment Management at 1-800-456-7189 for more information.

The Cost of an Olivet College Education
(based on 2010-11 academic year, 12-17 credit hours)

Tuition and fees: $20,500 / year
Room: $ 3,500 / year
Board (meals): $ 3,500 / year
Total costs: $27,500 / 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: $ 1,512 / year
Availability of the Michigan Tuition Grant is contingent on funding for this program.

Federal Aid
Pell Grant worth up to $ 5,550 / year
Federal SEOG worth up to $ 280 / 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.

For course information, visit our online catalog at www.olivetcollege.edu/academics/acad_catalog.php.

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 $5,550

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

Michigan Tuition Grant
Amount varies up to a maximum of $1,610
You must list Olivet College as your first college choice for this grant to be applied to your student account.

Community Connection Grant - $9,290
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; 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.

Student Employment - $1,000
Awarded to admitted students based on financial need and/or student qualifications.
Students and parents must submit the FAFSA application by March 1. Students can apply for campus jobs via the Olivet College Web site beginning Aug. 1 at http://www.olivetcollege.edu/student_employment/index.php.

TEACH Grant Program (Teacher Education Assistance for College and Higher Education)
- $4,000
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.