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Franklin W. Olin College of Engineering

Tuition & Aid
Bottom line

Olin was founded on the premise that financial considerations should not stand in the way of an excellent engineering education, and hence all enrolled students receive a 50 percent tuition scholarship, making tuition $21,000 a year, with an additional estimated $15,000 in additional expenses and fees.
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Visiting And Contact Information

Needham, MA 02492-1245

United States

Phone: 781-292-2222

Fax: 781-292-2210


Expenses per Academic Year
On-Campus Room Only:$9,000
On-Campus Board Only:$6,200
Average Cost for Books and Supplies:$300
Required Fees:$525
Other Expenses:$460
Cost Per Credit-Hour:$1,450
Tuition / Fees Vary by Year of Study:No

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Financial Aid Statistics
Financial Aid Rating: 99
Freshman receiving any financial aid:100%
Undergraduates receiving any financial aid:100%
Average Percent of Need Met:99%
Average Total Financial Aid Package:$37,674
Average Freshman Total Need-Based Gift Aid:$33,644
Average Undergraduate Total Need-Based Gift Aid:$33,899
Average Need-Based Loan:$3,130
Average amount of loan debt per graduate:$16,092
Undergraduates who have borrowed through any loan program:13%

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Available Aid
Financial Aid Methodology Used:Federal
Scholarships and Grants:Federal Pell
College / University Scholarships
Federal Direct Student Loan Programs:Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct PLUS Loans
Is Institutional Employment Available (other than Federal Work Study):No
Direct Lender:Yes

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Financial Aid for International Students
Financial Aid Policy for International Students:Non-need-based scholarship or grant aid is available
Average Undergraduate Total Need-Based Aid:$22,826.00

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Financial Aid Application Process
Regular Financial Aid Application Deadline:02/15
Freshman Financial Aid Notification Date:03/21
Required Forms:FAFSA
Financial Aid Office Phone Number:781-292-2343

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Key Statistics

Tuition and Aid

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  • Ugrads receiving need-based financial aid:
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