Franklin W Olin College of Engineering

www.olin.edu/

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2021 Undergraduate Tuition

$55,612

3% growth from 2020

2021 Average Net Price

$36,494

After Financial Aid

2021 Acceptance Rate

18%

907 Applicants

2021 Enrolled Students

382

94.2% Full-Time

2021 Graduation Rate

97.4%

74 Graduates

About

Franklin W Olin College of Engineering is a higher education institution located in Norfolk County, MA. In 2021, the most popular Bachelors Degree concentrations at Franklin W Olin College of Engineering were General Engineering (33 degrees awarded), Electrical & Electronics Engineering (22 degrees), and Mechanical Engineering (21 degrees).

In 2021, 76 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering. 53.9% of these degrees were awarded to women, and 46.1% awarded men. The most common race/ethnicity group of degree recipients was white (37 degrees), 3.36 times more than then the next closest race/ethnicity group, asian (11 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering is $55,612, which is $41,112 more than the national average for Special Focus Institutions ($14,500).

Special Focus Four-Year: Engineering Schools Special Focus Institutions

Costs

In 2021, the median undergraduate tuition at Franklin W Olin College of Engineering is $55,612, which is $41,112 more than the national average for Special Focus Institutions ($14,500).

After taking grants and loans into account, the average net price for students is $36,494.

In 2021, 94% of undergraduate students attending Franklin W Olin College of Engineering received financial aid through grants. Comparatively, 22% of undergraduate students received financial aid through loans.

Tuition Costs

$55,612

2021 Undergraduate Tuition

In 2021, the cost of tuition at Franklin W Olin College of Engineering was $55,612. The cost of tuition at Franklin W Olin College of Engineering is $41,112 more than than the overall (public and private) national average for Special Focus Institutions ($14,500).

This chart compares the tuition costs of Franklin W Olin College of Engineering (in red) with those of other similar universities.

Average Net Price

$36,494

2021 Value

6.41%

1 Year Growth

In 2021 Franklin W Olin College of Engineering had an average net price — the price paid after factoring in grants and loans — of $36,494. Between 2020 and 2021, the average net price of Franklin W Olin College of Engineering grew by 6.41%.

This chart compares the average net price of Franklin W Olin College of Engineering (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$15,035

Room and Board

$200

Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering was of $15,035 in 2021. The cost of room and board decreased by 10.9% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Franklin W Olin College of Engineering (in red) with that of similar universities.

Financial Aid by Income Level

94%

Undergraduates Receiving Financial Aid through Grants

22%

Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Franklin W Olin College of Engineering received financial aid through grants or loans in 2021. This represents a growth of 4.44% with respect to 2020, when 90% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin W Olin College of Engineering (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Franklin W Olin College of Engineering was 0%, which represents 0 out of the 48 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Franklin W Olin College of Engineering received 907 undergraduate applications in 2021, which represents a 0.778% annual growth. Out of those 907 applicants, 163 students were accepted for enrollment, representing a 18% acceptance rate.

There were 382 students enrolled at Franklin W Olin College of Engineering in 2021. 41% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering has an overall enrollment yield of 55.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

18%

Acceptance Rate in 2021

163

Accepted Out of 907

In 2021, the undergraduate acceptance rate of Franklin W Olin College of Engineering was 18% (163 admissions from 907 applications). This is higher than the acceptance rate of 2020, which was 16.4%. Between 2020 and 2021, the number of applicants grew by 0.778%, while admissions grew by 10.1%..

This chart compares the acceptance rate of Franklin W Olin College of Engineering (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

41%

Submission Percentage (2021)

Scores Submitted (2021)

41% of enrolled first-time students at Franklin W Olin College of Engineering in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Franklin W Olin College of Engineering had a total enrollment of 382 students in 2021. The full-time enrollment at Franklin W Olin College of Engineering is 360 students and the part-time enrollment is 22. This means that 94.2% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time.

The enrolled student population at Franklin W Olin College of Engineering, both undergraduate and graduate, is 39.5% White, 19.1% Asian, 11% Two or More Races, 10.7% Hispanic or Latino, and 2.88% Black or African American.

Students enrolled at Franklin W Olin College of Engineering in full-time Undergraduate programs are most commonly White Female (21.9%), followed by White Male (20%) and Asian Female (12.8%).

Full-Time vs Part-Time Enrollment

94.2%

Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering in 2021, both undergraduate and graduate, is 382 students. The full-time enrollment at Franklin W Olin College of Engineering is 360 and the part-time enrollment is 22. This means that 94.2% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time compared with 69.7% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Franklin W Olin College of Engineering (in red) compares to similar universities.

Retention Rate over Time

100%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Franklin W Olin College of Engineering was 100%. Compared with the full-time retention rate at similar Special Focus Institutions (69%), Franklin W Olin College of Engineering had a retention rate higher than its peers.

This chart shows the retention rate over time at Franklin W Olin College of Engineering (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
151 enrolled students
Asian
73 enrolled students
Two or More Races
42 enrolled students

The enrolled student population at Franklin W Olin College of Engineering is 39.5% White, 19.1% Asian, 11% Two or More Races, 10.7% Hispanic or Latino, and 2.88% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 43.6% White, 18.4% Hispanic or Latino, and 14% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 32 students (8.38%) did not report their race.

Graduates

In 2021, 6 more women than men received degrees from Franklin W Olin College of Engineering. The most common race/ethnicity group of degree recipients at Franklin W Olin College of Engineering is white (37 degrees awarded). There were 3.36 times more white recipients than the next closest race/ethnicity group, asian (11 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering is General Engineering (33 degrees awarded), followed by Electrical & Electronics Engineering (22 degrees) and Mechanical Engineering (21 degrees).

In 2021, the most specialized majors across all degree types at Franklin W Olin College of Engineering, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (76 degrees awarded).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin W Olin College of Engineering are Software developers (381,546 people), Miscellaneous engineers, including nuclear engineers (329,835 people), Other managers (280,628 people), Civil engineers (258,220 people), and Mechanical engineers (189,854 people).

The most specialized majors at Franklin W Olin College of Engineering in 2021 are Engineering (76 degrees awarded) (as of 2021).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin W Olin College of Engineering are Podiatrists, Surgeons, Physicians, Securities, commodities, & financial services sales agents, and Chief executives & legislators

The most specialized majors at Franklin W Olin College of Engineering are Engineering (76 degrees awarded) (as of 2021).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin W Olin College of Engineering are Computer Systems Design (402,622 people), Architectural, engineering & related services (398,843 people), Construction (253,031 people), Colleges, universities & professional schools, including junior colleges (152,037 people), and Aircraft & parts manufacturing (147,713 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (76 degrees awarded) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Franklin W Olin College of Engineering.

Most Common (2021)

General Engineering
33 degree-majors awarded
Electrical & Electronics Engineering
22 degree-majors awarded
Mechanical Engineering
21 degree-majors awarded

In 2021, the most common bachelors degree concentration at Franklin W Olin College of Engineering was General Engineering with 33 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Franklin W Olin College of Engineering according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 35 degrees were awarded to men at Franklin W Olin College of Engineering, which is 0.854 times less than the number of degrees awarded to females (41).

This chart displays the sex disparity between the top 5 majors at Franklin W Olin College of Engineering by degrees awarded.

Most Common Male Majors

In 2021, 12 degrees were awarded to men at Franklin W Olin College of Engineering in General Engineering, which is 0.571 times less than the 21 female recipients with that same degree.

Most Common Female Majors

In 2021, 21 degrees were awarded to men at Franklin W Olin College of Engineering in General Engineering, which is 1.75 times more than the 12 male recipients with that same degree.

Time to Complete

80%

100% Completion Time

96%

150% Completion Time

In 2021, 80% of students graduating from Franklin W Olin College of Engineering completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 99% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Franklin W Olin College of Engineering is Male and Hispanic or Latino (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 18.9% of graduates (14 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
37 degrees awarded
Asian
11 degrees awarded
Hispanic or Latino
7 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering is white (37 degrees awarded). There were 3.36 times more white recipients than the next closest race/ethnicity group, asian (11 degrees).

6.58% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
21 degrees awarded
White Male
16 degrees awarded
Asian Female
8 degrees awarded

The most common race/ethnicity and sex grouping at Franklin W Olin College of Engineering is white female (21 degrees awarded). There were 1.31 times more white female recipients than the next closest race/ethnicity group, white male (16 degrees).

Operations

Franklin W Olin College of Engineering has an endowment valued at nearly $456M, as of the end of the 2021 fiscal year. The return on its endowment was of 113M (24.8%) compared to the 4.56% average return (574k on 12.6M) across all Special Focus Institutions.

In 2021, Franklin W Olin College of Engineering had a total salary expenditure of 42.1M. Franklin W Olin College of Engineering employs 18 Professors, 13 Assistant professors and 8 Associate professors. Most academics at Franklin W Olin College of Engineering are Male Professor (9), Female Professor (9), and Female Assistant professor (8).

The most common positions for non-instructional staff at Franklin W Olin College of Engineering are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 16 employees, Business and Financial Operations, with 15 employees, and Management with 10 employees.

Endowment

$456M

2021 Endowment

23.2%

growth from 2020

Franklin W Olin College of Engineering has an endowment valued at about $456M, as of the end of the 2021 fiscal year. The endowment of Franklin W Olin College of Engineering grew 23.2% from the previous year. The value of their endowment was $443M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin W Olin College of Engineering (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Engineering Schools Carnegie Classification grouping.

Salary Expenditure

$15.4M

2021 Salaries

1.43%

decline from 2020

In 2021, Franklin W Olin College of Engineering paid a median of $15.4M in salaries, which represents 36.5% of their overall expenditure ($42.1M) and a 1.43% decline from the previous year.

The median for similar Special Focus Institutions is 3.06M (42.8% of overall expenditures).

Instructional Salaries

$5.17M

Instructional Salaries

Number of Employees

In 2021, Franklin W Olin College of Engineering paid a total of $5.17M to 45 employees working as instructors, which represents 33.6% of all salaries paid.

This is compared to a median of $871k (28.4%) for similar Special Focus Institutions.

Occupations by Share

Professor

Most Common Instructor

18 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

16 Employees

In 2021, the most common positions for instructional staff at Franklin W Olin College of Engineering were Professor with 18 employees, Assistant professor with 13 employees, and Associate professor with 8 employees.

In 2021, the most common positions for non-instructional staff at Franklin W Olin College of Engineering were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 16 employees, Business and Financial Operations with 15 employees, and Management with 10 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Professor
Female Assistant professor

In 2021, the most common demographic for instructional staff at Franklin W Olin College of Engineering was Male Professor with 9 employees, Female Professor with 9 employees, and Female Assistant professor with 8 employees.

This chart shows the sex split between each academic rank present at Franklin W Olin College of Engineering.