UOlivet Financial Aid Brochure 2024-25

TUITION INFORMATION Cost for 2023-2024

$32,694 TUITION

$11,886 ROOM & BOARD

$382

STUDENT FEES

$44,962 TOTAL

Books are not included. Students should factor in the cost of books when planning.

$31,300

2022-2023 Average Financial Aid Award Package (including all federal, state and institutional grants and federal student loans).

$11,240

SCHOLARSHIPS

GRANTS

and at The University of Olivet 2024-2025 Academic Year

2022-2023 Average Out-of-Pocket Expense after financial aid is applied to the total cost.

For the most up to date tuition information, visit www.UOlivet.edu

Apply to The University of Olivet for free to find out what scholarships and grants you qualify for!

Multiple scholarships may be earned and more may be available.

Visit www.UOlivet.edu/financialaid for current financial aid information.

Amounts listed are for the 2023-2024 academic year.

Every student - 100% at The University of Olivet receives some form of aid.

In addition to state and federal grants, student loans and work opportunities, Olivet offers a variety of scholarships and grants.

To be eligible for financial aid, students must file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. Be sure to include Olivet’s FAFSA code: 002308.

YOU MAY QUALIFY FOR FREE TUITION!

The University of Olivet ADVANTAGE Scholarship The ADVANTAGE Scholarship makes college tuition-free for students who qualify for the Michigan Achievement Scholarship (MAS) and the federal Pell grant. In addition, the ADVANTAGE Scholarship can significantly benefit other The University of Olivet students.

THREE WAYS TO BENEFIT 1. For students who qualify for the MAS and are Pell-eligible, published tuition and general fees will be FREE after all Michigan and Federal grants are applied.

2. Students who qualify for the MAS and come from families whose adjusted gross income is $100,000 or less will pay no more than $5,000 in published tuition and general fees for the academic year to attend The University of Olivet after all Michigan and Federal grants are applied.

3. For students who qualify for the MAS and come from families who earn more than$100,000 in adjusted gross income, The University of Olivet will pledge at least $20,000 of institutional funds toward published tuition and fees.

MERIT SCHOLARSHIPS Board of Trustees $18,000/year ($72,000 over four years)

Presidential $16,000/year

($64,000 over four years)

Dean’s $14,000/year

($56,000 over four years)

Shipherd $12,000/year

($48,000 over four years) *Merit Scholarships are based on several factors, including cumulative GPA, college prep curriculum, an essay, etc. To learn more about what scholarship you might qualify for, please contact The University of Olivet admission office or visit www.UOlivet.edu/scholarships-grants.

PERFORMANCE & PARTICIPATORY SCHOLARSHIPS • Art Alliance (visual arts) • Bowling • Choral • Difference Maker (community service) • Esports • Gospel Choir • Marching Band • Music • Outdoor Recreation and Clay Target Program • Women’s Leadership Institute Keyes-Barber-Benedict (KBB) Scholars Program

FEDERAL & STATE GRANTS Pell Grant up to $7,395/year

Detroit Promise

The Pell Grant is a need-based program for eligible college students. Eligibility is determined from the FAFSA. One-half of your Pell Grant will be credited to your account each semester.

• Live in Detroit for all four years of high school.

Michigan Achievement Scholarship up to $4,000/year

Up to full cost of tuition at The University of Olivet.

• Attend all four years and graduate from a high school in Detroit. (This can be any combination of Detroit high schools for all four years.)

• Award funded through a combination of The University of Olivet scholarships and grants, federal aid and state grants (based on eligibility). Visit detroitpromise.com for more details.

Kalamazoo Promise

• Amount based on length of attendance and residency in the Kalamazoo Public School system.

Students must be first-time, full-time students and have an Expected Family Contribution (EFC) of $25,000 or less. Students who are eligible for the Michigan Achievement Scholarship and a Pell Grant will be eligible for The University of Olivet ADVANTAGE Scholarshp, which provides free tuition.

Michigan Tuition Grant up to $3,000/year

Available to Michigan residents who graduated from a Michigan high school and dependent upon financial need and state funding. In order to be considered, you must list The University of Olivet as your first college choice on your FAFSA by March 1.

• Full-time, residential student.

• Graduates from Kalamazoo Central and Kalamazoo Loy Norrix.

Lansing Promise

Up to the full cost of tuition and fees at The University of Olivet.

• Must be full-time, residential student.

• Must be eligible for the Lansing Promise scholarship based on qualifying criteria.

• Award funded through a combination of The University of Olivet scholarships and grants, federal aid and state grants (based on eligibility) and the Lansing Promise Foundation scholarship. Visit lansingpromise.org.

New Michigander Award - $5,000/year

($20,000 over four years) Nonresidents of Michigan with a 2.5 or higher GPA.

Sibling Award - $2,000/year

Families with multiple siblings enrolled during same academic year(s) at The University of Olivet.

Veterans Award - 50% off tuition/year

Veterans with required days of active duty service or who are currently on active duty including National Guard or any recognized branch of the U.S. military reserve unit who qualify for VA education benefits and/or military education assistance eligibility or spouses and legal dependents.

It All Starts with the FAFSA! Colleges and universities use the Free Application for Federal Finanical Aid (FAFSA) form to determine eligibility for the Federal Pell Grant, state and other types of financial aid. The FAFSA must be completed every year you are in college to remain eligible for financial aid.

FAFSA forms for the 2024-2025 academic year can be submitted online beginning December 2023. You are encouraged to complete your FAFSA as early as possible to ensure you receive the most financial aid that you are eligible for.

• File the FAFSA at www.fafsa.gov.

• Be sure to include Olivet’s FAFSA code: 002308.

UOlivet.edu/apply

UOlivet.edu/apply

($2,000 per year)

GRANTS & SCHOLARSHIPS