Franklin W Olin College of Engineering

www.olin.edu

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2020 Undergraduate Tuition

$53,990

3.5% growth from 2019

2020 Average Net Price

$34,297

After Financial Aid

2020 Acceptance Rate

16.4%

900 Applicants

2020 Enrolled Students

310

93.5% Full-Time

2020 Graduation Rate

93.7%

74 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 Mechanical Engineering (36 degrees awarded), General Engineering (35 degrees), and Electrical & Electronics Engineering (19 degrees).

In 2020, 90 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering. 45.6% of these degrees were awarded to women, and 54.4% awarded men. The most common race/ethnicity group of degree recipients was white (55 degrees), 6.88 times more than then the next closest race/ethnicity group, asian (8 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering is $53,990, which is $39,590 more than the national average for Special Focus Institutions ($14,400).

Special Focus Four-Year: Engineering Schools Special Focus Institutions

Costs

The median undergraduate tuition at Franklin W Olin College of Engineering is $53,990, which is $39,590 more than the national average for Special Focus Institutions ($14,400).

After taking grants and loans into account, the average net price for students is $34,297.

In 2020, 90% of undergraduate students attending Franklin W Olin College of Engineering received financial aid through grants. Comparatively, 28% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$53,990

2020 Undergraduate Tuition

In 2020, the cost of tuition at Franklin W Olin College of Engineering was $53,990. The cost of tuition at Franklin W Olin College of Engineering is $39,590 more than than the overall (public and private) national average for Special Focus Institutions ($14,400).

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

Average Net Price

$34,297

2020 Value

2.87%

1 Year Growth

In 2020 Franklin W Olin College of Engineering had an average net price — the price paid after factoring in grants and loans — of $34,297. Between 2019 and 2020, the average net price of Franklin W Olin College of Engineering grew by 2.87%.

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

$16,872

Room and Board

$200

Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering was of $16,872 in 2020. During the same period, the average yearly cost of books and supplies was $200. The cost of room and board increased by 3.51% between 2019 and 2020. 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

Financial Aid by Income Level

90%

Undergraduates Receiving Financial Aid through Grants

28%

Undergraduates Receiving Financial Aid through Loans

90% of undergraduate students at Franklin W Olin College of Engineering received financial aid through grants or loans in 2020. This represents a growth of 3.45% with respect to 2019, when 87% 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.

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Franklin W Olin College of Engineering was 0%, which represents 0 out of the 45 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 900 undergraduate applications in 2020, which represents a 0.552% annual decline. Out of those 900 applicants, 148 students were accepted for enrollment, representing a 16.4% acceptance rate.

There were 310 students enrolled at Franklin W Olin College of Engineering in 2020, and 71% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering has an overall enrollment yield of 56.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

16.4%

Acceptance Rate in 2020

148

Accepted Out of 900

In 2020, the undergraduate acceptance rate of Franklin W Olin College of Engineering was 16.4% (148 admissions from 900 applications). This is higher than the acceptance rate of 2019, which was 15.7%. Between 2019 and 2020, the number of applicants declined by −0.552%, while admissions grew by 4.23%.

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

SAT Scores

71%

Submission Percentage

Scores Submitted

71% of enrolled first-time students at Franklin W Olin College of Engineering in 2020 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 has a total enrollment of 310 students. The full-time enrollment at Franklin W Olin College of Engineering is 290 students and the part-time enrollment is 20. This means that 93.5% 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 38.7% White, 16.8% Asian, 11.6% Hispanic or Latino, 9.35% Two or More Races, 3.87% 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 most commonly White Male (20.7%), followed by White Female (20.7%) and Asian Female (11%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

93.5%

Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering, both undergraduate and graduate, is 310 students. The full-time enrollment at Franklin W Olin College of Engineering is 290 and the part-time enrollment is 20. This means that 93.5% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time compared with 68.5% 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

81%

2020 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 81%. Compared with the full-time retention rate at similar Special Focus Institutions (71.5%), 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

White
120
Asian
52
Hispanic or Latino
36

The enrolled student population at Franklin W Olin College of Engineering is 38.7% White, 16.8% Asian, 11.6% Hispanic or Latino, 9.35% Two or More Races, 3.87% 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% White, 17.3% Hispanic or Latino, and 14.4% 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, 33 students (10.6%) did not report their race.

Graduates

In 2020, 8 fewer 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 (55 degrees awarded). There were 6.88 times more white graduates than the next closest race/ethnicity group, asian (8 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering is Mechanical Engineering (36 degrees awarded), followed by General Engineering (35 degrees) and Electrical & Electronics Engineering (19 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 (90 degrees awarded).

Workforce

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 (346,678 people), Miscellaneous engineers, including nuclear engineers (311,349 people), Other managers (276,751 people), Civil engineers (245,088 people), and Mechanical engineers (179,957 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (90 degrees awarded).

Highest Paying Jobs by Major

Surgeons

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, Physicians, Securities, commodities, & financial services sales agents, Chief executives & legislators, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at Franklin W Olin College of Engineering are Engineering (90 degrees awarded).

Common Industries by Major

Architectural, engineering & related services

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 Architectural, engineering & related services (389,052 people), Computer Systems Design (376,349 people), Construction (241,258 people), Colleges, universities & professional schools, including junior colleges (144,580 people), and Aircraft & parts manufacturing (139,131 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (90 degrees awarded).

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

Mechanical Engineering
36 degree-majorss awarded
General Engineering
35 degree-majorss awarded
Electrical & Electronics Engineering
19 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Franklin W Olin College of Engineering was Mechanical Engineering with 36 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 2020

Degrees Awarded to Women

in 2020

In 2020, 49 degrees were awarded to men at Franklin W Olin College of Engineering, which is 1.2 times more 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 2020, 19 degrees were awarded to men at Franklin W Olin College of Engineering in General Engineering, which is 1.19 times more than the 16 female recipients with that same degree.

Most Common Female Majors

In 2020, 17 degrees were awarded to women at Franklin W Olin College of Engineering in Mechanical Engineering, which is 0.895 times less than the 19 male recipients with that same degree.

Time to Complete

78%

100% Completion Time

93%

150% Completion Time

In 2020, 78% 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 94% 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.

Diversity

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 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 (72.4%).

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, 5.41% of graduates (4 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
55 degrees awarded
Asian
8 degrees awarded
Hispanic or Latino
7 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering is white (55 degrees awarded). There were 6.88 times more white recipients than the next closest race/ethnicity group, asian (8 degrees).

6.67% of degree recipients (6 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
29 degrees awarded
White Female
26 degrees awarded
Asian Female
5 degrees awarded

The most common race/ethnicity and sex grouping at Franklin W Olin College of Engineering is white male (29 degrees awarded). There were 1.12 times more white male recipients than the next closest race/ethnicity group, white female (26 degrees).

Operations

Franklin W Olin College of Engineering has an endowment valued at nearly $370M, as of the end of the 2020 fiscal year. The return on its endowment was of $2.36M (0.639%), compared to the 1.87% average return ($195k on $10.4M) across all Special Focus Institutions.

In 2020, Franklin W Olin College of Engineering had a total salary expenditure of $41M. Franklin W Olin College of Engineering employs 19 Professors, 13 Assistant professors, and 9 Associate professors. Most academics at Franklin W Olin College of Engineering are Male Professors (10), Female Professors(9), and Female Assistant professors (8).

The most common positions for non-instructional staff at Franklin W Olin College of Engineering are: Business and Financial Operations, with 19 employees, Management, with 15 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 14 employees.

Finances

Endowment

$370M

2020 Endowment

3.7%

decline from 2019

Franklin W Olin College of Engineering has an endowment valued at about $370M, as of the end of the 2020 fiscal year. The endowment of Franklin W Olin College of Engineering declined 3.7% from the previous year. The value of their endowment was $359M 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.

Government Grants and Contracts

Grants & Contracts

$233k - Federal
$0 - State
$0 - Local

As of 2020, Franklin W Olin College of Engineering received $233k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$15.6M

2020 Salaries

5.55%

growth from 2019

In 2020, Franklin W Olin College of Engineering paid a median of $15.6M in salaries, which represents 38.1% of their overall expenditure ($41M) and a 5.55% growth from the previous year. This is compared to a 3.46% growth from 2018 and a 2.24% growth from 2017.

The median for similar Special Focus Institutions is 2.95M (42.1% of overall expenditures).

Instructional Salaries

$5.16M

Instructional Salaries

Number of Employees

In 2020, Franklin W Olin College of Engineering paid a total of $5.16M to 47 employees working as instructors, which represents 33% of all salaries paid.

This is compared to a median of $855k (29%) for similar Special Focus Institutions.

Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

19 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

19 Employees

In 2020, the most common positions for instructional staff at Franklin W Olin College of Engineering were Professor with 19 employees; Assistant professor with 13 employees; and Assistant professor with 9 employees.

In 2020, the most common positions for non-instructional staff at Franklin W Olin College of Engineering were Business and Financial Operations with 19 employees; Management with 15 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 14 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Professor
Female Professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at Franklin W Olin College of Engineering was Male Professor with 10 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.

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