Franklin W Olin College of Engineering

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2016 Undergraduate Tuition

$46,800

4% growth from 2015

2016 Average Net Price

$34,018

After Financial Aid

2016 Acceptance Rate

10.2%

1,296 Applicants

2016 Enrolled Students

378

89.4% Full-Time

2016 Graduation Rate

85.6%

77 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 Electrical & Electronics Engineering (31 degrees awarded), General Engineering (24 degrees), and Mechanical Engineering (23 degrees).

In 2016, 78 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering. 46.2% of these degrees were awarded to women, and 53.8% awarded men. The majority of degree recipients were white (40 degrees), 3.08 times more than then the next closest race/ethnicity group, asian (13 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering is $46,800, which is $32,829 more than the national average for Special Focus Institutions ($13,971).

Costs

The median undergraduate tuition at Franklin W Olin College of Engineering is $46,800, which is $32,829 more than the national average for Special Focus Institutions ($13,971).

After taking grants and loans into account, the average net price for students is $34,018.

In 2016, 99% of undergraduate students received federal grants, while 32% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$46,800

2016 Undergraduate Tuition

In 2016, the cost of tuition at Franklin W Olin College of Engineering was $46,800. The cost of tuition at Franklin W Olin College of Engineering is $32,829 more than than the overall (public and private) national average for Special Focus Institutions ($13,971).

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Average Net Price

$34,018

2016 Value

3.92%

1 Year Growth

In 2016 Franklin W Olin College of Engineering had an average net price — the price paid after factoring in grants and loans — of $34,018. Between 2015 and 2016, the average net price of Franklin W Olin College of Engineering grew by 3.92%.

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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

$15,600

Room and Board

$300

Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering was of $15,600 in 2016. During the same period, the average yearly cost of books and supplies was $300. The cost of room and board increased by 2.63% between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

99%

Of Undergraduates Receive Grants

32%

Of Undergraduates Receive Federal Loans

99% of undergraduate students at Franklin W Olin College of Engineering received grants or loans in 2016. This represents a growth of 0% with respect to 2015, 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%

2015 Default Rate

0

Number of Defaults

In 2015 the default rate for borrower's at Franklin W Olin College of Engineering was 0%, which represents 0 out of the 50 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 1,296 undergraduate applications in 2016, which represents a 20.6% annual growth. Out of those 1,296 applicants, 132 students were accepted for enrollment, representing a 10.2% acceptance rate.

There were 378 students enrolled at Franklin W Olin College of Engineering in 2016, and 61% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering has an overall enrollment yield of 59.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

10.2%

Acceptance Rate in 2016

132

Accepted Out of 1,296

In 2016, the undergraduate acceptance rate of Franklin W Olin College of Engineering was 10.2% (132 admissions from 1,296 applications). This is lower than the acceptance rate of 2015, which was 11%. Between 2015 and 2016, the number of applicants grew by 20.6%, while admissions grew by 11.9%.

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SAT Scores

61%

Submission Percentage

51

Scores Submitted

61% of enrolled first-time students at Franklin W Olin College of Engineering in 2016 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 378 students. The full-time enrollment at Franklin W Olin College of Engineering is 338 students and the part-time enrollment is 40. This means that 89.4% 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 48.4% White, 12.7% Asian, 6.08% Two or More Races, 5.29% Hispanic or Latino, 1.32% Black or African American, 0.265% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin W Olin College of Engineering in full-time Undergraduate programs are majority White Female (26.9%), followed by White Male (25.4%) and Asian Male (7.69%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

89.4%

Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering, both undergraduate and graduate, is 378 students. The full-time enrollment at Franklin W Olin College of Engineering is 338 and the part-time enrollment is 40. This means that 89.4% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time compared with 70.8% 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%

2016 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

    183

  2. Asian

    48

  3. Two or More Races

    23

The enrolled student population at Franklin W Olin College of Engineering is 48.4% White, 12.7% Asian, 6.08% Two or More Races, 5.29% Hispanic or Latino, 1.32% Black or African American, 0.265% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 45.5% White, 15.4% Black or African American, and 15.3% Hispanic or Latino.

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, 53 students (14%) did not report their race.

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Graduates

In 2016, 6 fewer 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 (40 degrees awarded). There were 3.08 times more white graduates than the next closest race/ethnicity group, asian (13 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering is Electrical & Electronics Engineering (31 degrees awarded), followed by General Engineering (24 degrees) and Mechanical Engineering (23 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 (78 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 Miscellaneous managers (336,657 people), Software developers, applications & systems software (331,277 people), Miscellaneous engineers, including nuclear engineers (295,780 people), Civil engineers (229,082 people), and Mechanical engineers (150,819 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (78 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 Economists, Physicians & surgeons, Chief executives & legislators, Securities, commodities, & financial services sales agents, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at Franklin W Olin College of Engineering are Engineering (78 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 (386,533 people), Computer Systems Design (359,118 people), Construction (224,967 people), Colleges, universities & professional schools, including junior colleges (140,721 people), and Electronic component & product manufacturing, n.e.c. (137,601 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (78 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. 31 degrees awarded

  2. 24 degrees awarded

  3. 23 degrees awarded

In 2016, the most common bachelors degree concentration at Franklin W Olin College of Engineering was Electrical & Electronics Engineering with 31 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. 42

  2. 36

In 2016, 42 degrees were awarded to men at Franklin W Olin College of Engineering, which is 1.17 times more than the number of degrees awarded to females (36).

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 2016, 19 degrees were awarded to men at Franklin W Olin College of Engineering in Electrical & Electronics Engineering, which is 1.58 times more than the 12 female recipients with that same degree.

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Most Common Female Majors

In 2016, 13 degrees were awarded to women at Franklin W Olin College of Engineering in General Engineering, which is 1.18 times more than the 11 male recipients with that same degree.

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Time to Complete

83%

100% Completion Time

95%

150% Completion Time

In 2016, 83% 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, 95% 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.

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 (67.2%).

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, 6.49% of graduates (5 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    40 degrees awarded

  2. Asian

    13 degrees awarded

  3. Unknown

    12 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering is white (40 degrees awarded). There were 3.08 times more white recipients than the next closest race/ethnicity group, asian (13 degrees).

15.4% of degree recipients (12 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    23 degrees awarded

  2. White Female

    17 degrees awarded

  3. Asian Male

    8 degrees awarded

The most common race/ethnicity and gender grouping at Franklin W Olin College of Engineering is white male (23 degrees awarded). There were 1.35 times more white male recipients than the next closest race/ethnicity group, white female (17 degrees).

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Operations

Franklin W Olin College of Engineering has an endowment valued at nearly $379M, as of the end of the 2015 fiscal year. The return on its endowment was of $18.4M (4.84%), compared to the 0.512% average return ($49.1k on $9.59M) across all Special Focus Institutions.

In 2015, Franklin W Olin College of Engineering had a total expenditure of $37.9M. Of that $37.9M, they spent $12.6M on salaries and $37.9M on benefits.

Franklin W Olin College of Engineering employs 15 Associate professors, 14 Professors, and 13 Assistant professors. Most academics at Franklin W Olin College of Engineering are Male Professors (9), Male Associate professors(8), and Male Assistant professors (8).

The most common positions for non-instructional staff at Franklin W Olin College of Engineering are: Office and Administrative Support, with 20 employees, Management, with 16 employees, and Business and Financial Operations with 16 employees.

Finances

Endowment

$379M

2015 Endowment

0.236%

decline from 2014

Franklin W Olin College of Engineering has an endowment valued at about $379M, as of the end of the 2015 fiscal year. The endowment of Franklin W Olin College of Engineering declined 0.236% from the previous year. The value of their endowment was $370M 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. $1.09M - Federal

  2. $0 - State

  3. $0 - Local

As of 2015, Franklin W Olin College of Engineering received $1.09M 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

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$12.6M

Salary Expenditure

$37.9M

Benefits Expenditure

In 2015, Franklin W Olin College of Engineering had a total expenditure of $37.9M. Of that $37.9M, they spent $12.6M on salaries and $37.9M on benefits.

The bar chart shows the share of the primary expenses at Franklin W Olin College of Engineering over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Special Focus Institutions Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Franklin W Olin College of Engineering as a share of total expenditure.

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Salary Expenditure

$12.6M

2015 Salaries

3.5%

growth from 2014

In 2015, Franklin W Olin College of Engineering paid a median of $12.6M in salaries, which represents 33.2% of their overall expenditure ($37.9M) and a 3.5% growth from the previous year. This is compared to a 3.08% growth from 2013 and a 3.74% growth from 2012.

The median for similar Special Focus Institutions is 2.52M (38.1% of overall expenditures).

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Instructional Salaries

$4.23M

Instructional Salaries

43

Number of Employees

In 2015, Franklin W Olin College of Engineering paid a total of $4.23M to 43 employees working as instructors, which represents 33.6% of all salaries paid.

This is compared to a median of $639k (25.3%) for similar Special Focus Institutions.

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Faculty and Staff

Occupations by Share

Associate professor

Most Common Instructor

15 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

20 Employees

In 2016, the most common positions for instructional staff at Franklin W Olin College of Engineering were Associate professor with 15 employees; Professor with 14 employees; and Professor with 13 employees.

In 2016, the most common positions for non-instructional staff at Franklin W Olin College of Engineering were Office and Administrative Support with 20 employees; Management with 16 employees; and Business and Financial Operations with 16 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 2016, the most common demographic for instructional staff at Franklin W Olin College of Engineering was Male Professor with 9 employees, Male Associate professor with 8 employees, and Male Assistant professor with 8 employees.

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

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