by our College Data Analytics TeamThe majority of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Franklin W Olin College of Engineering can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Olin College offer, and what will you qualify for? Keep reading for more information. Keep going to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Franklin W Olin College of Engineering.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Franklin W Olin College of Engineering, 100% of entering full-time freshmen got some type of financial assistance around 98 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $43,290 |
| Institutional grants & scholarships | 100% | $42,399 |
| Federal Pell grants | 14% | $5,468 |
| State/local grants | 0% | — |
| Federal student loans | 29% | $4,467 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 92% of undergraduates were awarded grant or scholarship aid averaging $42,121 (across approximately 372 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $42,121 |
| Federal Pell grants | 12% | $5,920 |
| Federal student loans | 25% | $5,198 |
On-campus students receiving title-IV aid were awarded grants averaging $61,303.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,860 |
| $30,001 – $75,000 | $12,099 |
| Over $75,000 | $37,911 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,171 |
| Off-campus title-IV students | $20,575 |
To get a personalized net price estimate, try Olin College’s net price calculator: npc.collegeboard.org/student/app/olin.
The median federal debt load at Olin College comes to $14,287 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,287 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Olin College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,500 |
| 75th percentile | $21,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| High income | $15,925 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,894 |
| Continuing-generation students | $13,925 |
The figure below distills the debt data into a single burden category for Olin College.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Olin College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 252 |
| Total Stafford loan amount | $3,233,516 |
References
More about our data sources and methodologies.