by our College Data Analytics TeamThis overview lays out the cost of attending Franklin W Olin College of Engineering, covering the cost range, projected degree costs, net price, debt at graduation, default rates, and aid distribution patterns.
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The cost of attendance at Franklin W Olin College of Engineering is about $81,486.00 per year.
Here the cost is broken out three ways: no aid, average aid, and the aid a low-income student typically receives.
| Tuition and fees | $66,398.00 |
| + Room, board & other expenses | $15,088.00 |
| Total cost | $81,486.00 |
| That is 148% above the national average net price. |
| Total cost | $81,486.00 |
| − Grants and scholarships | −$61,303.00 |
| Net price | $20,183.00 |
| That is 38% below the national average net price. | |
| For the full breakdown, see the tuition & fees page plus room and board. |
Published costs have climbed year over year by around 4.0% a year, so a full degree will cost more than a single year — the tables below carry that forward. These tables carry the cost across a degree for three cases: low-income w/ aid, average aid, and no aid. The repayment figures use a ten-year loan at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $20,996.00 | $20,996.00 | $84,768.00 |
| Senior year | $23,636.00 | $23,636.00 | $95,428.00 |
| Total 4-year net price | $89,195.00 | $89,195.00 | $360,110.00 |
| 10-year loan interest @ 6.8% | $33,980.00 | $33,980.00 | $137,189.00 |
| Total monthly payment | $1,026.00 | $1,026.00 | $4,144.00 |
| Total amount paid | $123,174.00 | $123,174.00 | $497,299.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $20,996.00 | $20,996.00 | $84,768.00 |
| Senior year | $21,841.00 | $21,841.00 | $88,182.00 |
| Total 2-year net price | $42,837.00 | $42,837.00 | $172,949.00 |
| 10-year loan interest @ 6.8% | $16,319.00 | $16,319.00 | $65,888.00 |
| Total monthly payment | $493.00 | $493.00 | $1,990.00 |
| Total amount paid | $59,157.00 | $59,157.00 | $238,837.00 |
Read more in the Net Price section.
Net price strips out grant and scholarship aid to show what families really pay. This is the more honest cost figure for most families, since it accounts for institutional and federal aid.
| Average net price (on-campus) | $25,171.00 |
| Average net price (off-campus) | $20,575.00 |
The real cost varies by income because need-based aid scales with financial need. Here is the average net price for each family-income range:
| Family income | Average net price |
|---|---|
| Under $30,000 | $7,058.00 |
| $30,000 to $48,000 | $4,690.00 |
| $48,001 to $75,000 | $13,333.00 |
| $75,001 to $110,000 | $21,098.00 |
| Over $110,000 | $46,317.00 |
Use Franklin W Olin College of Engineering Net Price Calculator, or reach out to the financial aid office.
Curious how grants and scholarships are distributed? Explore the grants & scholarships detail.
The median amount borrowed by graduates of Franklin W Olin College of Engineering is $14,287.00, placing the school in the Low ($10-20k) debt-burden category.
For the full borrowing and repayment picture, see the student-loan-debt breakdown.
First-generation students frequently graduate with different debt than continuing-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $16,894.00 |
| Continuing-generation students | $13,925.00 |
First-generation borrowers from Franklin W Olin College of Engineering graduate with $2,969.00 more than continuing-generation graduates.
The Pell Grant is the main federal need-based award for undergraduates. The Pell vs non-Pell debt gap reveals how borrowing differs by need.
The median debt gap between Pell and non-Pell graduates of Franklin W Olin College of Engineering is $-2,804.00.
The federal default-rate tier for Franklin W Olin College of Engineering is Low (<5%).
To put the rates in context, Stafford loans at Franklin W Olin College of Engineering amount to $3,233,516.00 distributed across 252 disbursements.
Use the figures above as a launch point, then think through Franklin W Olin College of Engineering, the questions below are worth your time:
For a closer look at any of these topics, follow the links below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.