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National Application Center :: campus tours :: Olin College of Engineering costs & financial aid

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Olin College of Engineering

Olin College of Engineering
1000 Olin Way
Needham, MA 02492-1200

Official telephone: (781) 292-2300
Website: https://www.olin.edu/
Screen last updated on: February 2024

The financial aid information below is valid for the 2023 academic year.

FINANCIAL AID OFFICE
Financial aid homepage: https://
npc.collegeboard.org/app/
olin

EXPENSES
Undergraduate tuition: $59,972; $59,972 out-of-state
Additional required fees: $2,656
Book fees: $216
Miscellaneous expenses: $1,508
Other expenses: Estimated expense of transportation for residents.
Combined room and board expenses: $19,820

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AnoN/A

Date award notification begins: April 1
Applied for financial aid:
73% of first-year students
55% of full-time undergraduates
Determined to have financial need:
71% of first-year students
80% of full-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
51% of first-year students
73% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
100% of first-year students
99% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
99% for first-year students
99% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$57,157 for first-year students
$56,598 for full-time undergraduates
Average need-based gift award:
$55,978 for first-year students
$54,775 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$2,875 for first-year students
$3,111 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,875 for first-year students
$3,111 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
48% of first-year students
56% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$28,696 for first-year students
$28,399 for full-time undergraduates

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • college/university scholarships/grants (institutional funds)
Non-need-based scholarships/grants available:
  • non-need-based (general)

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.