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Franklin W Olin College of Engineering

Needham, MA · Suburb · 377 students
Application deadlines: Check the admissions site
$25,171
Average net priceYour net price
2023-24
<30
30–48
48–75
75–110
110+
By household income — tap a bar
94%
Graduation rate
Entered fall 2017 & 2018
70% typical
$129,455
Earnings 10 years on
Measured 2020 & 2021
$97,827 typical
25%
Acceptance rate
Applied for fall 2024
77% typical · not scored
Accredited by New England Commission on Higher Education
About

Franklin W. Olin College of Engineering is renowned for revolutionizing undergraduate STEM education through an innovative, project-based curriculum centered on Electrical and Computer Engineering, Mechanical Engineering, and general Engineering with flexible interdisciplinary concentrations. With a total enrollment of under 400 students, Olin offers an exceptionally tight-knit, collaborative campus culture that emphasizes design thinking, hands-on experimentation, and entrepreneurial problem-solving from day one. Setting the college apart is its institutional commitment to affordability—awarding every admitted student a merit-based scholarship that covers 50% of tuition—along with seamless cross-registration opportunities through the BOW consortium with neighboring Babson and Wellesley Colleges.

Location
Needham, MA, 02492-1200 · Suburb campus
✈
Nearest airport from college
BOS · Boston
14 mi away
Cost & aid
Cost of attendance
YoursEveryone
Tuition & fees$66,398
Housing & food (on campus)$20,810
Books & supplies$240
Cost of attendance$97,088
Average net price$25,171
Same price for all students
Tuition & fees$66,398
Housing & food (on campus)$20,810
Books & supplies$240
Cost of attendance$97,088
Average net price$25,171
Source: U.S. College Scorecard · published total: www.olin.edu
How it’s made up · 2026-27
Franklin W Olin College of Engineering’s own figures for 2026-27, newer than the 2024-25 federal figures above, so the amounts differ.
Tuition$67,004
Housing$13,456
Food$9,266
Books & supplies$240
Personal expenses$450
Transportation$1,666
Total published by the school$97,088
Net price by family income · 2023-24
$30–48k
$3,100
$48–75k
$9,528
$75–110k
$12,271
$110k+
$27,096
Outcomes
Completion
Within 6 yrs
94%
Entered 2017–18
Within 4 yrs
64%
Back for yr 2
98%
Transferred
0%
8 yrs after starting · first-time, full-time students
96% graduated · 4% left or unknown · none transferred or still enrolled
Earnings · measured 2020 & 2021
6 yrs after entry$105,483
10 yrs after entry$129,455
Debt
Median at graduation$19,500
Monthly payment$207
Middle 50% owe$6.5k–$21.5k
Green marks a figure above the typical Special focus — engineering & technology: 70% graduate within 6 yrs, $97,827 earned 10 yrs after entry.
Admissions
Getting in · applied for fall 2024
Admit rate
25%
Test policy
Test optional
Per College Scorecard
SAT average
1520
R 723–768 · M 770–790
ACT midpoint
35
SAT middle 50%: 1493–1558
40080012001600

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Essay prompts

If Franklin W Olin College of Engineering asks for supplemental essays, the prompts are in the Common App.

The personal essay is separate: see the Common App essay prompts.

Student Body
Gender
Men 53%Women 47%
Who enrolls
Faculty ratio
9 : 1
Pell grant
12%
Family income
$89,945
Age at entry
19.0
Part-time
0%
Race & ethnicity
White
42%
Hispanic
12%
Black
2%
Asian
24%
Two or more
8%
Non-resident
7%
Unknown
5%
Varsity sports

No data. This school isn't in the U.S. Department of Education's athletics (EADA) file, so we can't list its teams. That doesn't mean it has none.

Programs & Earnings
Bachelor's degrees by annual completions · 4yr national median earnings
Median earnings, all programs · measured 2020 & 2021
After 6 yrs
$105,483
After 10 yrs
$129,455
Engineering, General39
Mechanical Engineering28
Electrical, Electronics, and Communications Engineering18
Type your major above to highlight and detail relevant programs.
Institutional
Resources
Endowment
$426M
Full-time faculty
92%
Faculty salary
$15,357/mo
Teaching spend
$33,960
per student
Federal loans
25%
Classification
Carnegie type
Special focus — engineering & technology
Undergraduate profile
Four-year, more selective admissions

Wondering if Franklin W Olin College of Engineering is the right fit for you?

SchoolScout builds a personalized college list — reach, match, and safety schools — tailored to your profile, grades, and goals. Get financial aid estimates, scholarship guidance, and deep dives on every school.

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Financial aid & net cost estimates
Deep dives on any school
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