You may apply for federal
financial aid including grants, loans and work-study by completing the
www.pin.ed.gov to apply for a Personal Identification Number (PIN). If
you are required to include parent information on the Free Application
for Federal Student Aid (FAFSA), your parent should also apply for a
PIN. The PIN is used as an electronic signature and will expedite
processing of your FAFSA. Retain the PIN with your financial aid
records. If you already have a PIN, proceed to Step 2.
www.fafsa.ed.gov to complete the FAFSA or Renewal FAFSA. Be sure to list
the OLOL College school code, 031062. The FAFSA is available January 1
of each year for the upcoming academic year. File as early as possible
because some programs have limited funding.
complete the FAFSA in order to be considered for any need-based
After submitting your FAFSA, you will receive a Student Aid Report (SAR)
from the Department of Education (DOE). The SAR is a copy of the
information you provided on your FAFSA. You should review it for
accuracy and make any corrections on the FAFSA website. A copy of your
FAFSA is provided electronically to the OLOL College Financial Aid
Office (FAO). If you have an asterisk (*) by your Expected Family
Contribution (EFC), you have been selected for a process called
Verification and will be required to submit additional documentation.
Financial Aid Application and return to the FAO.
aid eligibility is determined after the FAO has received your FAFSA and
all required documents provided you are:
Admitted into the College and/or Program;
Meeting Satisfactory Academic Progress (SAP) policy requirements; and
Meeting all other federal eligibility requirements.
An award letter
will be mailed to you detailing the awards you are eligible to receive.
your award letter within ten (10) days to accept or decline any offers.
Step 7: If you
accept a Stafford loan and are a first-time borrower,
you must complete an
entrance interview and a Master Promissory Note (MPN) online at
www.opennet.salliemae.com in order for your loan(s) to disburse.