by our College Data Analytics TeamWondering what the G.I. Bill® actually covers at Olin College? Coverage is not unlimited and varies school to school, so the fine print is worth checking.
Here is how the Post-9/11 GI Bill® tuition benefit stacks up against the published cost of attending Olin College. Living-expense and book benefits are addressed in their own sections below.
| Item | Amount |
|---|---|
| Veteran tuition & fees | $64,458 |
| Guaranteed Post-9/11 tuition benefit | $20,235 |
| Tuition out of pocket | $44,223 |
Because the Post-9/11 tuition benefit is capped near $20,235 per year, tuition above the cap is the veterans responsibility at Olin College.
Franklin W Olin College of Engineering is a Yellow Ribbon school: the institution and the VA jointly fund tuition that exceeds the GI Bill® cap.
The exact number of seats and the maximum contribution vary by degree level and program, so confirm the current limits with the schools veteran services office.
DoD Tuition Assistance pays up to $250 per credit hour for active-duty students; here is how the per-credit charge at Olin College compares.
| Residency | Per-credit charge | Below $250 cap? |
|---|---|---|
| In-state | $0 |  |
| Out-of-state | $0 | |
The Post-9/11 GI Bill® also covers housing through a Monthly Housing Allowance (MHA). Here is how that benefit compares to the estimated cost of living at Olin College.
| Item | Amount |
|---|---|
| Estimated living expenses (room & board, academic year) | $19,820 |
| Post-9/11 monthly housing allowance (MHA) | $4,755/mo |
| Housing benefit (academic year, ~8 months) | $38,040 |
| Estimated surplus in your pocket | $18,220 |
For most full-time students the housing allowance covers the cost of living off campus, with money left over. The MHA is based on the school’s ZIP code and is paid at the full-time rate for resident students.
Eligible veterans receive up to $1,000 a year for books and supplies; Olin College estimates these costs at about $216, so the stipend covers them in full.
References
More about our data sources and methodologies.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at benefits.va.gov/gibill.