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Olin College of Engineering is a private located in Needham, Massachusetts. Olin is very selective in their admissions.
Return on educational investment at Olin is in the top 5% of all ranked schools. The median student earns $132,969 10 years after enrolling, 1st in Massachusetts, and in the top 5% nationally. When adjusted for earning differences by major, Olin bachelor students earn 17% more than the national average. Olin is ranked 2nd in Massachusetts.
Olin College of Engineering’s median net annual cost of $15,647 and average years to graduate of 4.4 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 3 programs at Olin sorted by number of graduates - Engineering, Electrical Engineering, Mechanical Engineering - are shown below.
Annual net cost
$15,647
Average years to graduate
4.4
The average full-time graduate completes their degree in 4.4 years. 96% of all students graduate within 8 years. The graduation rate at Olin is 24% higher than the state average, and 30% above the average for all special focus four-year: engineering and other technology-related schools in the country.
At Olin, Pell Grant recipients represent 13% of the measured graduating class, 22% lower than the national average of 35%. The average Pell Grant recipient at Olin graduates within 5 years.
Olin is in the bottom 25% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
The average Title IV recipient at Olin College of Engineering pays $15,647 a year, $61,199 less than the $76,846 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $15,647
Much of the gap between net price and sticker price is filled by institutional and government grants. At Olin, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $15,647 on average to be covered by the student – be it through loans or out of pocket. In total, 23% of students take out loans, federal or private, at an average amount of $7,908. This is 31% less than the national average.
Federal grants
$4,382
Pell grants
$4,906
Institutional grants
$37,271
Olin College of Engineering's very selective admissions are indicated by their 18% acceptance rate. In 2021, the school had 907 applicants, of which 163 were admitted and 91 enrolled. Olin doesn't have a rolling admissions policy, which means applications are reviewed after a hard admissions deadline.
Full time
100%
83%
Female
49%
59%
First time
95%
59%
In-state
14%
68%
1st generation
N/A
35%
White
41%
52%
Black
4%
14%
Hispanic
12%
15%
Asian
18%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
24%
12%