Franklin W Olin College of Engineering
Needham, MA, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$20,540
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$121
$30k - $48k
$10,951
$48k - $75k
$11,813
$75k - $110k
$26,956
$110k+
$39,902
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$58,110
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$58,110
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$18,524
Books and Supplies
$216
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: [email protected]

Aid & Grants

0
100
99%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
12%
Average Aid Per Year
$40,311
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
12%
Average Federal Grant Aid Per Year
$2,159
Average Institution Grant Aid Per Year
$38,838
Students receiving federal aid
68%
Average Federal Grant Aid Per Year
$2,159
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$72,278
$30k - $48k
$73,427
$48k - $75k
$59,986
$75k - $110k
$56,978
$110k+
$39,024
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$8,277,361
Total Non-Need-Based Scholarships/Grants
$6,157,282

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
33%
Average Loan Amount Per Year
$3,643
Students receiving federal loans
33%
Average Federal Loans Per Year
$3,643
Average Other Loans Per Year
$21,627
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$12,537
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$153

What Students Are Saying

really expensive, but gives you $20,000 right off the bat. teachers seem enthusiastic, but i haven't attended this school yet, so i can't give an idea of how well this school operates.
Michelle from Towaco, NJ
A BIT COSTLY, BEING INTERNATIONAL STUDENT LESS FINANCIAL ASSISTANCE WE RECEIVE. THOUGH COLLEGE IS GIVING 50% FINANCIAL ASSISTANCE ON TUITION FEE, TOAL EXPENSE COULD FETCH UPTO US$ 160,000 OVER A PERIOD OF FOUR YEARS.
Shruti from India
If you can get in, Olin gives a half-tuition scholarship to every enrolled student.
Jake