Office of Student Financial Aid
Providing Dollars for OC Students
What are the most Frequently Asked Questions (FAQ) about financial aid?
1. What are the financial aid application deadlines?
2. What is the Cost of Attendance at Olympic College?
3. How is Financial Aid Awarded?
4. Where do I pick up my financial aid check?
5. How is the information I provide to the Financial Aid Office protected?
6. What happens if I cannot attend a class for which I receive financial aid?
7. What is Satisfactory Academic Progress (SAP)?
8. How does taking classes at other OC education sites affect financial aid?
9. Is financial aid available for summer students?
10.What is verification?
1. Application Deadlines
What are the financial aid application deadlines? Financial aid awards are made throughout the academic year. Students may apply for financial aid for an upcoming academic year commencing January 1 of each year. March 1 of each year is our priority processing deadline for early consideration of financial aid awards for the upcoming academic year.
What is the Cost of Attendance at Olympic College? Cost of Attendance is an estimate of how much it will cost a student to attend Olympic College. COA is calculated for every financial aid award and total aid received cannot exceed COA.
2009-2010 Standard Nine Month Cost of Attendance
|
Cost
Component |
Olympic College Cost of Attendance |
|
Not Living with Parents |
Living with Parents |
|
Tuition and Fees |
2,823 |
|
2,823 |
|
|
Books and Supplies |
972 |
|
972 |
|
|
Room and Board |
8,460 |
|
2,730 |
|
|
Personal Expenses |
2,040 |
|
1,674 |
|
|
Transportation |
1,176 |
|
1,344 |
|
|
TOTALS: |
$15,471 |
|
$9,543 |
|
Note: This table is a standard nine month budget for a Washington State resident and active duty military members stationed in Washington State, and their family members, for the 2009-2010 academic year (Summer 2009 through Spring 2010)
How is Financial Aid Awarded? When all required forms and complete documents are received in the Financial Aid Office, a completion date is assigned to the application package. Application packages are then awarded based on assigned completion dates. Financial Aid is awarded based on the number of credit hours you are enrolled in. For grants, the higher the number of credit hours you are enrolled in the higher the financial aid. Students may receive differing amount of aid based on their enrollment status. If you add or drop a class, you can change your enrollment status in the financial aid office by completing and submitting an Enrollment Change Form.
Where do I pick up my financial aid check?
If your grant amounts to more than your tuition and fee costs, you will receive a check for the difference. Financial Aid checks are available on the first day of class, except summer term (July 3rd). You may pick up your check on the Bremerton campus in the Bremer Student Center (BSC) opposite the Office of Safety prior to 2:00 p.m. on the first day of classes. Checks not picked up by 2:00 p.m. will automatically be mailed. To pick up a check you will need photo identification. If you are awarded a loan, the loan disbursement date is normally 30 days after the course convening date and your check will be mailed. If you have been awarded a loan and need the loan to pay for your tuition, you may arrange for a “Bridge Loan” to cover your tuition costs. Contact the financial aid office for more information.
How is the information that I provide to the Financial Aid Office protected? The Federal Educational Rights and Privacy (FERPA) Act protects all non-directory information from being shared with unauthorized third parties such as parents, siblings, spouses, etc. Unless you have provided a signed release (Authorization to Release Information Form) naming an individual who can be positively identified we cannot share your information.
What happens if I cannot attend a class for which I am receiving financial aid? If you never attend or stop attending a class for which you receive financial aid you will most likely owe a repayment for aid that has been distributed to you. If you think you may not be able to attend a class, contact the financial aid office, immediately. The financial aid office may be able to recommend a way to avoid repayment obligations. If you owe a repayment of financial aid, all further aid consideration is cancelled. Read the details about Repayment Regulations.
7. Satisfactory Academic Progress
What is Satisfactory Academic Progress (SAP)? In order to continue receiving financial aid, you must meet minimum standards in both your GPA, completion rate of classes you enroll in, and make progress towards degree completion. This policy is know as SAP. See our standards of Satisfactory Academic Progress to understand the standards for completing credits and grade point averages.
How does taking classes at the Shelton, Poulsbo, or Bangor Olympic College education sites affect my financial aid? Financial aid consideration is available to any eligible Olympic College student, regardless of where classes are attended, and all students attending classes at either the main campus or branch education site must list the Olympic College Federal school code number, 003784 when applying for their financial aid.
Is financial aid available for summer students? Financial aid is available for Summer students. However, students eligible for Summer financial aid in excess of tuition and fees will not receive the remainder of their financial aid check until after July 1 of each year.
10. Verification
Verification is a process where the Financial Aid Office confirms the accuracy of information provided on the FAFSA. This process requires students and in some instances parents to verify information provided on the FAFSA. At Olympic College, students who are selected for verification will need to turn in a verification form, their tax return and parents' tax return (if dependent student) and other additional documents as requested. Financial aid is not awarded until verification is complete.
Note: Spring quarter grades are usually not released until after the beginning of Summer classes. This means unsatisfactory Spring grades could result in cancellation of Summer financial aid, even after you have registered and begun attending Summer classes.
Last modified: September 8, 2009