Needham, MA Overview
Did you know that every admitted student at Olin receives a partial scholarship covering half of the tuition? Located in Needham, Massachusetts, Olin is known for its innovative engineering curriculum and emphasis on project-based learning and entrepreneurship.
There are currently 356 undergraduates at Olin College and the school’s acceptance rate is 19%. The tuition at Olin College is $60,766.
Technical College
Suburb
Student Body
Undergraduate Students
356
Pell Grant 13%
Undergrad Students Over 25 0%
Percent Male / Female 50% / 50%
Ethnic Diversity at Olin College
42% White
21% Asian / Pacific Islander
11% Multiracial
10% Hispanic
7% International / Non-Citizen
6% Unknown
3% Black
Academics Snapshot
Student/Faculty Ratio
8:1
Graduation Rate
94%
Scholarships & Financial Aid Snapshot
$81,486
$55,562
$25,924
Cost Breakdown
Estimated Cost:
$81,486for the 2023-2024 Academic Year
The sticker price at Olin College is $81,486. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
College costs can look different for every student based on their financial situation. To get a more accurate picture of what tuition at Olin College would look like for you, try entering your financial information into their Net Price Calculator.
Using State Grants at Olin College
Massachusetts residents who are considering Olin College should be sure to look into state grants to help fund your education. Massachusetts has a wide variety of programs, including the need-based tuition waiver program, the MASSGrant, the Massachusetts Gilbert Matching Student Grant Program, and MCAS Scholarships. The John and Abigail Adams Scholarship, which is for students who performed well on the MCAS, offers a tuition waiver for up to eight semesters of public school.
Apply to these scholarships due soon
See more Massachusetts scholarships
Franklin W Olin College of Engineering Financial Aid
Students who are applying for financial aid at Franklin W Olin College of Engineering need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for Franklin W Olin College of Engineering is 039463.
If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.
National Merit Scholarships
If you scored exceptionally high on the PSAT/NMSQT, you may have been named a National Merit Scholarship Finalist. Did you know that this distinction could earn you a scholarship at Franklin W Olin College of Engineering? Olin College offers scholarship money to National Merit Scholarship Finalists, although terms may vary. Some schools require you to list them as your first choice in order to receive the benefit, and others may impose additional need-based or academic requirements. Be sure to check Olin College's website for more information!
Pell Grants at Franklin W Olin College of Engineering
14% of students at Franklin W Olin College of Engineering receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Franklin W Olin College of Engineering.
You can learn more about Pell Grant eligibility here.
Outside Scholarships
Olin College students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:
Franklin W Olin College of Engineering Financial Aid Resources
If you are looking for more information about financial aid and scholarships at Olin College or have questions that are specific to your personal situation, we recommend that you reach out directly to the financial aid office!
Here’s how you can get in touch:
- Website: https://www.olin.edu/admission/costs-financial-aid
- Email: [email protected]
- Phone: 781-292-2215
Admissions Snapshot
19%
35
1520 is the median SAT score and 35 is the median ACT score for admitted students at Olin College. A score that is close to this median value indicates that you have a good chance of admission to the institution. However, it’s important to remember that colleges judge applications holistically. If the rest of your application is strong, it’s possible to make up for lower test scores.
Coalition Colleges
Olin College is a Coalition Member College, which means they have completed a vigorous vetting process from the Coalition for College to ensure that they “provide substantial support to lower-income, under-resourced and/or first-generation students; offer responsible student financial aid; and demonstrate a commitment to student graduation.” That also means you can apply to Olin College via the Coalition Application. The Coalition Application makes it easy to obtain application fee waivers if you qualify. It’s also a great way to discover other colleges that have demonstrated a strong commitment to affordability and strong student outcomes.
Is Olin College test-optional?
Franklin W Olin College of Engineering is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.
What SAT/ACT score do you need to get into Franklin W Olin College of Engineering?
Colleges use standardized tests like the SAT and ACT as one of many factors to determine their admissions decisions. A high score on one of these tests does not guarantee admission to a college, and a low score does not guarantee rejection. However, the majority of accepted applicants to Franklin W Olin College of Engineering receive between a 35 and a 35 on their ACT, or a 1470 and a 1560 on their SAT.
Regular Decision
What is the application deadline at Olin College?
Students must apply by January 4 to enroll at Olin College during the fall semester. Remember that college applications involve many pieces, including essays, a transcript, letters of recommendation, and more. Be sure to start your application as soon as you can to make sure you have enough time to make it as compelling as possible.
Student Outcomes Snapshot
Graduate Income
$129,455
Median Debt $19,500
Debt 10 years after graduation $207
Graduation Rate 94%
What is the graduation rate at Franklin W Olin College of Engineering?
94% of students who start at Franklin W Olin College of Engineering end up finishing their degree within six years of enrolling. This is 36% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.
How much do graduates of Franklin W Olin College of Engineering go on to earn?
10 years after starting school at Franklin W Olin College of Engineering, the median earnings among students who received federal financial aid was $129,455. This is $79,064 more than the national median.
Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.
How much do students at Olin College take out in loans?
Graduates of Olin College have to take out a median of $19,500 in federal student loans. This is $6,000 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.
Data Sources
We strive to provide users with the most up-to-date information and source data from publicly available sources, including the College Scorecard and directly from the colleges. College statistics can change throughout the year, but we do our best to update them as quickly as possible. If you see an error, feel free to contact us.
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