Cost Details
- In-State Tuition
- $64,458
- Out-of-State Tuition
- $64,458
- Average Net Price
- $20,575
- Students Receiving Financial Aid
- 13.5%
- Room & Board (On Campus)
- $19,820
- Books & Supplies
- $216
- Total Cost of Attendance
- $84,494
- Median Debt at Graduation
- $19,500
- Estimated Monthly Loan Payment
- $207/mo
- Students Taking Federal Loans
- 22.0%
- Pell Grant Recipients
- 13.5%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $7,058 |
| $30,001 – $48,000 | $4,690 |
| $48,001 – $75,000 | $13,333 |
| $75,001 – $110,000 | $21,098 |
| $110,001+ | $46,317 |
Cost Estimator
Cost Overview
Most families pay far less than Olin's $84,494 sticker price. Students from families earning under $48,000 typically pay less than $7,000 per year after aid. The net price climbs to $13,333 for middle-income families ($48-75K) and reaches $46,317 for those earning over $110,000. Over four years, costs range from $28,000 to $185,000 depending on family income.
The school's generous aid explains why only 22% of graduates carry federal loans. Those who do borrow graduate with a median debt of $19,500, translating to monthly payments of $207. With starting salaries around $96,529, loan payments consume just 2.6% of gross income. The 98.7% retention rate suggests students find the investment worthwhile. Families earning under $75,000 get the best deal here, often paying less for Olin's top engineering education than they would at many state schools.
The school's generous aid explains why only 22% of graduates carry federal loans. Those who do borrow graduate with a median debt of $19,500, translating to monthly payments of $207. With starting salaries around $96,529, loan payments consume just 2.6% of gross income. The 98.7% retention rate suggests students find the investment worthwhile. Families earning under $75,000 get the best deal here, often paying less for Olin's top engineering education than they would at many state schools.
Official Net Price Calculator
Get a personalized cost estimate from Franklin W Olin College of Engineering:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.