Franklin W Olin College of Engineering

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2017 Undergraduate Tuition

$48,600

3.85% growth from 2016

2017 Average Net Price

$35,240

After Financial Aid

2017 Acceptance Rate

13.4%

1,062 Applicants

2017 Enrolled Students

380

92.4% Full-Time

2017 Graduation Rate

91.5%

75 Graduates

About

Franklin W Olin College of Engineering is a higher education institution located in Norfolk County, MA. In 2016, the most popular Bachelor's Degree concentrations at Franklin W Olin College of Engineering were General Engineering (44 degrees awarded), Electrical & Electronics Engineering (24 degrees), and Mechanical Engineering (14 degrees).

In 2017, 82 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering. 53.7% of these degrees were awarded to women, and 46.3% awarded men. The majority of degree recipients were white (42 degrees), 2.47 times more than then the next closest race/ethnicity group, asian (17 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering is $48,600, which is $34,600 more than the national average for Special Focus Institutions ($14,000).

Costs

The median undergraduate tuition at Franklin W Olin College of Engineering is $48,600, which is $34,600 more than the national average for Special Focus Institutions ($14,000).

After taking grants and loans into account, the average net price for students is $35,240.

In 2017, 87% of undergraduate students received federal grants, while 28% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$48,600

2017 Undergraduate Tuition

In 2017, the cost of tuition at Franklin W Olin College of Engineering was $48,600. The cost of tuition at Franklin W Olin College of Engineering is $34,600 more than than the overall (public and private) national average for Special Focus Institutions ($14,000).

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Average Net Price

$35,240

2017 Value

3.59%

1 Year Growth

In 2017 Franklin W Olin College of Engineering had an average net price — the price paid after factoring in grants and loans — of $35,240. Between 2016 and 2017, the average net price of Franklin W Olin College of Engineering grew by 3.59%.

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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.

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Other Student Expenses

$15,800

Room and Board

$300

Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering was of $15,800 in 2017. During the same period, the average yearly cost of books and supplies was $300. The cost of room and board increased by 1.28% between 2016 and 2017. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

87%

Of Undergraduates Receive Grants

28%

Of Undergraduates Receive Federal Loans

87% of undergraduate students at Franklin W Olin College of Engineering received grants or loans in 2017. This represents a decline of 12.1% with respect to 2016, when 99% 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.

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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.

0%

2016 Default Rate

0

Number of Defaults

In 2016 the default rate for borrower's at Franklin W Olin College of Engineering was 0%, which represents 0 out of the 43 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.

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Admissions

Franklin W Olin College of Engineering received 1,062 undergraduate applications in 2017, which represents a 18.1% annual decline. Out of those 1,062 applicants, 142 students were accepted for enrollment, representing a 13.4% acceptance rate.

There were 380 students enrolled at Franklin W Olin College of Engineering in 2017, and 63% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering has an overall enrollment yield of 63.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

13.4%

Acceptance Rate in 2017

142

Accepted Out of 1,062

In 2017, the undergraduate acceptance rate of Franklin W Olin College of Engineering was 13.4% (142 admissions from 1,062 applications). This is higher than the acceptance rate of 2016, which was 10.2%. Between 2016 and 2017, the number of applicants declined by -18.1%, while admissions grew by 7.58%.

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SAT Scores

63%

Submission Percentage

57

Scores Submitted

63% of enrolled first-time students at Franklin W Olin College of Engineering in 2017 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.

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Enrollment

Franklin W Olin College of Engineering has a total enrollment of 380 students. The full-time enrollment at Franklin W Olin College of Engineering is 351 students and the part-time enrollment is 29. This means that 92.4% 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 48.7% White, 11.3% Asian, 7.89% Hispanic or Latino, 7.11% Two or More Races, 2.37% Black or African American, 0% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native.

Students enrolled at Franklin W Olin College of Engineering in full-time Undergraduate programs are majority White Female (27.1%), followed by White Male (25.1%) and Asian Male (5.98%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

92.4%

Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering, both undergraduate and graduate, is 380 students. The full-time enrollment at Franklin W Olin College of Engineering is 351 and the part-time enrollment is 29. This means that 92.4% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time compared with 71.1% 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.

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Retention Rate over Time

99%

2017 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 99%. Compared with the full-time retention rate at similar Special Focus Institutions (71%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    185

  2. Asian

    43

  3. Hispanic or Latino

    30

The enrolled student population at Franklin W Olin College of Engineering is 48.7% White, 11.3% Asian, 7.89% Hispanic or Latino, 7.11% Two or More Races, 2.37% Black or African American, 0% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 44.7% White, 15.6% Hispanic or Latino, and 15.5% 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, 48 students (12.6%) did not report their race.

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Graduates

In 2017, 6 more women than men received degrees from Franklin W Olin College of Engineering. The majority of degree recipients at Franklin W Olin College of Engineering are white (42 degrees awarded). There were 2.47 times more white graduates than the next closest race/ethnicity group, asian (17 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering is General Engineering (44 degrees awarded), followed by Electrical & Electronics Engineering (24 degrees) and Mechanical Engineering (14 degrees).

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 (82 degrees awarded).

Workforce

Common Jobs by Major

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 (337,604 people), Miscellaneous engineers, including nuclear engineers (297,496 people), Other managers (285,262 people), Civil engineers (225,939 people), and Mechanical engineers (171,609 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (82 degrees awarded).

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Highest Paying Jobs by Major

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 Surgeons, Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining, Physicians, Other financial specialists, and Music directors and composers

The most specialized majors at Franklin W Olin College of Engineering are Engineering (82 degrees awarded).

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Common Industries by Major

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 Architectural, engineering & related services (375,314 people), Computer Systems Design (374,494 people), Construction (232,390 people), Colleges, universities & professional schools, including junior colleges (151,370 people), and Electronic component & product manufacturing, n.e.c. (146,190 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (82 degrees awarded).

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Degrees

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

  1. 44 degrees awarded

  2. 24 degrees awarded

  3. 14 degrees awarded

In 2017, the most common bachelors degree concentration at Franklin W Olin College of Engineering was General Engineering with 44 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 38

  2. 44

In 2017, 38 degrees were awarded to men at Franklin W Olin College of Engineering, which is 0.864 times less than the number of degrees awarded to females (44).

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

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Most Common Male Majors

In 2017, 17 degrees were awarded to men at Franklin W Olin College of Engineering in General Engineering, which is 0.63 times less than the 27 female recipients with that same degree.

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Most Common Female Majors

In 2017, 27 degrees were awarded to women at Franklin W Olin College of Engineering in General Engineering, which is 1.59 times more than the 17 male recipients with that same degree.

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Time to Complete

76%

100% Completion Time

93%

150% Completion Time

In 2017, 76% 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, 93% completed their degrees within 150% of the normal time, and 96% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Franklin W Olin College of Engineering is Male and Asian (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (68.1%).

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, 17.3% of graduates (13 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    42 degrees awarded

  2. Asian

    17 degrees awarded

  3. Unknown

    10 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering is white (42 degrees awarded). There were 2.47 times more white recipients than the next closest race/ethnicity group, asian (17 degrees).

12.2% of degree recipients (10 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    21 degrees awarded

  2. White Male

    21 degrees awarded

  3. Asian Female

    10 degrees awarded

The most common race/ethnicity and gender grouping at Franklin W Olin College of Engineering is white female (21 degrees awarded). There were 1 times more white female recipients than the next closest race/ethnicity group, white male (21 degrees).

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Operations

Franklin W Olin College of Engineering has an endowment valued at nearly $376M, as of the end of the 2017 fiscal year. The return on its endowment was of $46.8M (12.4%), compared to the 2.38% average return ($240k on $10.1M) across all Special Focus Institutions.

In 2017, Franklin W Olin College of Engineering had a total salary expenditure of $39.7M. Franklin W Olin College of Engineering employs 16 Professors, 14 Associate professors, and 10 Assistant professors. Most academics at Franklin W Olin College of Engineering are Male Professors (10), Male Associate professors(9), and Male Assistant professors (7).

The most common positions for non-instructional staff at Franklin W Olin College of Engineering are: Office and Administrative Support, with 19 employees, Management, with 17 employees, and Business and Financial Operations with 17 employees.

Finances

Endowment

$376M

2017 Endowment

6.76%

growth from 2016

Franklin W Olin College of Engineering has an endowment valued at about $376M, as of the end of the 2017 fiscal year. The endowment of Franklin W Olin College of Engineering grew 6.76% from the previous year. The value of their endowment was $366M 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.

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Government Grants and Contracts

Grants & Contracts

  1. $588k - Federal

  2. $0 - State

  3. $0 - Local

As of 2017, Franklin W Olin College of Engineering received $588k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$14M

2017 Salaries

10.1%

growth from 2016

In 2017, Franklin W Olin College of Engineering paid a median of $14M in salaries, which represents 35.3% of their overall expenditure ($39.7M) and a 10.1% growth from the previous year. This is compared to a 0.914% growth from 2015 and a 3.5% growth from 2014.

The median for similar Special Focus Institutions is 2.59M (39.4% of overall expenditures).

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Instructional Salaries

$5.05M

Instructional Salaries

46

Number of Employees

In 2017, Franklin W Olin College of Engineering paid a total of $5.05M to 46 employees working as instructors, which represents 36.1% of all salaries paid.

This is compared to a median of $5.05M (36.1%) for similar Special Focus Four-Year: Engineering Schools.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

16 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

19 Employees

In 2017, the most common positions for instructional staff at Franklin W Olin College of Engineering were Professor with 16 employees; Associate professor with 14 employees; and Associate professor with 10 employees.

In 2017, the most common positions for non-instructional staff at Franklin W Olin College of Engineering were Office and Administrative Support with 19 employees; Management with 17 employees; and Business and Financial Operations with 17 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Male Associate professor

  3. Male Assistant professor

In 2017, the most common demographic for instructional staff at Franklin W Olin College of Engineering was Male Professor with 10 employees, Male Associate professor with 9 employees, and Male Assistant professor with 7 employees.

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

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