Financial Aid Award Information

1. Financial aid is initially awarded based on your prospective credits at the time of awarding. Your award will be adjusted to match the number of credits you are enrolled in as of the Pell Recalculation Date, which is the same as the add/drop date. If your award changes after this date, it may affect your tuition balance or refund. Learn more on our Refunds page.

2. You must attend all classes and meet Satisfactory Academic Progress each quarter; you are responsible for reading and understanding the Satisfactory Academic Progress policy located on our website at: Satisfactory Academic Progress Policy
3. Acceptance and use of any financial aid issued to you, without attending all classes constitutes an overpayment, and you will be responsible for repaying part or all of the aid you received.

Your award is based on a combination of factors that include Olympic College’s cost of attendance, your FAFSA/WASFA (SAI) Student Aid Index, any other financial aid resources that you may have (DVR, VA, etc.), your grade level, residency status, the completion date of your application, information listed on your FAFSA, and the availability of funds.

The Financial Aid Office attempts to meet a “Gift Aid Target,” and award you financial aid that includes Pell grant, any Washington state aid you may be eligible for.

If you’re interested in an on-campus job through Work-Study, connect with the Olympic College Career Center to get the process started.

If your award letter lists any loan amounts, it means you might be eligible for the type and amount of loan shown, but you are not required to borrow it if you choose not to. To receive the loan, you must complete all required loan counseling and accept the loan in your ctcLink dashboard. Please see our loan information page for further details. 

1. If, prior to your registration, you have a grant, waiver, loan, or scholarship listed on your award letter, and you are enrolled in at least the number of credits required by the award status on which your awards are based, those funds will automatically be applied to your tuition/fee charges starting the first week of the quarter.
2. Waitlisted classes are not considered in tuition and fee calculations and cannot be paid until you are actually accepted and enrolled into the waitlisted class.
3. If you decide not to attend any classes for which you have registered, you must officially withdraw from them prior to the first day of the term. Otherwise, you may receive an unsatisfactory grade and owe a repayment of financial aid.

4. If grants, waivers, or scholarships are not sufficient to pay all of your tuition and fees for a term, you must pay the balance by the tuition payment deadline for that quarter.

    

If you have completed all your financial aid tasks in your ctcLink dashboard and have been awarded, tuition and fees will be paid starting the first week of the quarter. Any refunds will be disbursed after the Pell Recalculation Date. For more information, visit our Refunds page.

If you have not received your refund after tuition and fees have been paid as expected, one or more of the following conditions may exist:

1. Your financial aid is on hold due to not meeting Satisfactory Academic Progress, please check your email for the notification or your ctcLink for your SAP status.
2. You owe a financial aid repayment or owe a debt to the college. If you owe a debt to the college and satisfy your debt, it will take a minimum of three working days for financial aid to be reissued.

3. Your aid needs to be adjusted due to classes being added or dropped and you are in line to be adjusted and disbursed. 

   Note: Waitlisted classes do not count towards your credit total for financial aid purposes.

4. We have not reached the date in the quarter where refunds are disbursed, please see our updated refund page for more information. 
    

If you withdraw from all classes before the term has ended or do not complete your classes, you may owe a repayment. Please see our Return to Title 4 (R2T4) page for more information.