Franklin W Olin College of Engineering

Franklin W Olin College of Engineering

Needham, Massachusetts


Tuition and Fees

The cost for undergraduate students to attend Franklin W Olin College of Engineering for an academic year can be broken down into $52,164 for tuition, $3,336 for fees, $200 for books and supplies, $16,872 for room and board and $1,714 for other expenses. The cost for in-state and out-of-state students is the same.

Tuition and Fees

$55,500
Tuition$52,164
Fees$3,336
Books and supplies$200
Room and board$16,872
Other expenses$1,714

Tuition Plans

Any alternative tuition plans offered by institutionYes
Tuition guaranteed planNo
Prepaid tuition planNo
Tuition payment planYes
Other alternative tuition planNo

Financial Aid

100% of undergradate students at Franklin W Olin College of Engineering received financial aid. The distribution of financial aid types at Franklin W Olin College of Engineering consists of 100% receiving grant or scholarship aid of $36,640 on average, 14% receiving pell grants of $5,291 on average, 100% receiving institutional grants or scholarships of $35,798 on average, and 30% receiving federal student loans of $3,899 on average.

Average Grant/Scholarship Aid

$36,640

Awarded any Financial Aid

100%
Aid TypeNumber ReceivingPercent ReceivingAverage Aid Received
Grant or scholarship aid84100%$36,640
Pell grants1214%$5,291
Institutional grants or scholarships84100%$35,798
Federal student loans2530%$3,899

Net Price

Average Net Price

$35,310

Net prices changes by family income and financial need. Net price typically increases with increase in family income because of higher amounts of financial aid available to students belonging to lower income families. Students in the lowest $0 – $30,000 family income bracket paid net price of $845 compared to net price of $3,388 in the $30,001 – $48,000 family income bracket, $5,574 in the $48,001 – $75,000 family income bracket, $13,820 in the $75,001 – $110,000 family income bracket and $41,194 in the $110,001 and more family income bracket.

Net Price by Family Income

Family IncomeNet Price Paid
$0 – $30,000$845
$30,001 – $48,000$3,388
$48,001 – $75,000$5,574
$75,001 – $110,000$13,820
$110,001 and more$41,194

Net price reflects the actual cost to attend after accounting for finanical aid. Net price includes tuition, books, living costs, and other expenses after subtracting federal financial aid received by students.

Sticker Price

The cost for a 4 year bachelors degree at Franklin W Olin College of Engineering is $310,196. The cost reported is aggregated over 4 years and includes tuition and fees, books and supplies, room and board, and other miscellaneous expenses. The year to year increases in tuition and cost of living are accounted by applying a rate of increase of 3% which is based on the average rate of increase in the last 2 years as reported by Franklin W Olin College of Engineering. The actual net cost paid by students could be lower because financial aid is not accounted for in this cost. The cost for in-state and out-of-state students is the same.

4-year Sticker Price

$310,196
Year Sticker Price
1$74,286
2$76,409
3$78,610
4$80,891