Franklin W Olin College of Engineering (441982)

www.olin.edu

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2023 Undergraduate Tuition

$59,972

4.7% growth from 2022

2023 Average Net Price

$40,370

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

21.7%

928 Applicants

2023 Enrolled Students

402

92.8% Full-Time

2023 Graduation Rate

92.2%

83 Graduates

About

Franklin W Olin College of Engineering (441982) is a higher education institution located in Norfolk County, MA. In 2023, the most popular Bachelors Degree concentrations at Franklin W Olin College of Engineering (441982) were General Engineering (39 degrees awarded), Mechanical Engineering (28 degrees), and Electrical & Electronics Engineering (18 degrees).

In 2023, 85 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering (441982). 58.8% of these degrees were awarded to women, and 41.2% awarded men. The most common race/ethnicity group of degree recipients was white (24 degrees), 1.26 times more than then the next closest race/ethnicity group, asian (19 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering (441982) is $59,972, which is $44,808 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Franklin W Olin College of Engineering (441982) was 0%, corresponding to 0 out of the 37 total borrowers.

Special Focus Four-Year: Engineering Schools Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at Franklin W Olin College of Engineering (441982) is $59,972, which is $44,808 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $40,370.

In 2023, 93% of undergraduate students attending Franklin W Olin College of Engineering (441982) received financial aid through grants. Comparatively, 22% of undergraduate students received financial aid through loans.

Tuition Costs

$59,972

2023 Undergraduate Tuition

In 2023, the cost of tuition at Franklin W Olin College of Engineering (441982) was $59,972. The cost of tuition at Franklin W Olin College of Engineering (441982) is $44,808 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

This chart compares the tuition costs of Franklin W Olin College of Engineering (441982) (in red) with those of other similar universities.

Average Net Price

$40,370

2023 Value

4.85%

1 Year Growth

In 2023 Franklin W Olin College of Engineering (441982) had an average net price — the price paid after factoring in grants and loans — of $40,370. Between 2022 and 2023, the average net price of Franklin W Olin College of Engineering (441982) grew by 4.85%.

This chart compares the average net price of Franklin W Olin College of Engineering (441982) (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

$18,524

Room and Board

$216

Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering (441982) was of $18,524 in 2023. The cost of room and board increased by 3% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $216. The cost of books and supplies increased by 8% during the same period.

This chart compares the average student costs at Franklin W Olin College of Engineering (441982) (in red) with that of similar universities.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

22%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Franklin W Olin College of Engineering (441982) received financial aid through grants or loans in 2023. This represents a decline of 2.11% with respect to 2022, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin W Olin College of Engineering (441982) (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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Franklin W Olin College of Engineering (441982) was 0%, which represents 0 out of the 37 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 (441982) received 928 undergraduate applications in 2023, which represents a 7.66% annual growth. Out of those 928 applicants, 201 students were accepted for enrollment, representing a 21.7% acceptance rate.

There were 402 students enrolled at Franklin W Olin College of Engineering (441982) in 2023. 46% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering (441982) has an overall enrollment yield of 48.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

21.7%

Acceptance Rate in 2023

201

Accepted Out of 928

In 2023, the undergraduate acceptance rate of Franklin W Olin College of Engineering (441982) was 21.7% (201 admissions from 928 applications). This is higher than the acceptance rate of 2022, which was 19.1%. Between 2022 and 2023, the number of applicants grew by 7.66%, while admissions grew by 21.8%.

This chart compares the acceptance rate of Franklin W Olin College of Engineering (441982) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

46%

Submission Percentage (2023)

Scores Submitted (2023)

46% of enrolled first-time students at Franklin W Olin College of Engineering (441982) in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Franklin W Olin College of Engineering (441982) had a total enrollment of 402 students in 2023. The full-time enrollment at Franklin W Olin College of Engineering (441982) is 373 students and the part-time enrollment is 29. This means that 92.8% of students enrolled at Franklin W Olin College of Engineering (441982) are enrolled full-time.

The enrolled student population at Franklin W Olin College of Engineering (441982), both undergraduate and graduate, is 40.3% White, 21.4% Asian, 10.4% Hispanic or Latino, 8.96% Two or More Races, 2.99% Black or African American, and 0.249% American Indian or Alaska Native.

Students enrolled at Franklin W Olin College of Engineering (441982) in full-time Undergraduate programs are most commonly White Male (21%), followed by White Female (20.9%) and Asian Female (11.8%).

Full-Time vs Part-Time Enrollment

92.8%

Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering (441982) in 2023, both undergraduate and graduate, is 402 students. The full-time enrollment at Franklin W Olin College of Engineering (441982) is 373 and the part-time enrollment is 29. This means that 92.8% of students enrolled at Franklin W Olin College of Engineering (441982) are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Franklin W Olin College of Engineering (441982) (in red) compares to similar universities.

Retention Rate over Time

99%

2023 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 (441982) was 99%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Franklin W Olin College of Engineering (441982) had a retention rate higher than its peers.

This chart shows the retention rate over time at Franklin W Olin College of Engineering (441982) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
162 enrolled students
Asian
86 enrolled students
Hispanic or Latino
42 enrolled students

The enrolled student population at Franklin W Olin College of Engineering (441982) is 40.3% White, 21.4% Asian, 10.4% Hispanic or Latino, 8.96% Two or More Races, 2.99% Black or African American, and 0.249% 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 41.6% White, 19.6% Hispanic or Latino, and 14.5% 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, 32 students (7.96%) did not report their race.

Graduates

In 2023, 15 more women than men received degrees from Franklin W Olin College of Engineering (441982). The most common race/ethnicity group of degree recipients at Franklin W Olin College of Engineering (441982) is white (24 degrees awarded). There were 1.26 times more white recipients than the next closest race/ethnicity group, asian (19 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering (441982) is General Engineering (39 degrees awarded), followed by Mechanical Engineering (28 degrees) and Electrical & Electronics Engineering (18 degrees).

In 2023, the most specialized majors across all degree types at Franklin W Olin College of Engineering (441982), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (85 degrees awarded).

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 (441982) are Software developers (444,806 people), Miscellaneous engineers, including nuclear engineers (352,588 people), Civil engineers (293,793 people), Other managers (283,984 people), and Mechanical engineers (212,179 people).

The most specialized majors at Franklin W Olin College of Engineering (441982) in 2023 are Engineering (85 degrees awarded) (as of 2023).

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 (441982) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Franklin W Olin College of Engineering (441982) are Engineering (85 degrees awarded) (as of 2023).

Common Industries by Major

Elementary & secondary schools

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 (441982) are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Franklin W Olin College of Engineering (441982) are Engineering (85 degrees awarded) (as of 2023).

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 (441982).

Most Common (2023)

General Engineering
39 degrees awarded
Mechanical Engineering
28 degrees awarded
Electrical & Electronics Engineering
18 degrees awarded

In 2023, the most common bachelors degree concentration at Franklin W Olin College of Engineering (441982) was General Engineering with 39 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Franklin W Olin College of Engineering (441982) according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 35 degrees were awarded to men at Franklin W Olin College of Engineering (441982), which is 0.7 times less than the number of degrees awarded to females (50).

This chart displays the sex disparity between the top 5 majors at Franklin W Olin College of Engineering (441982) by degrees awarded.

Most Common Male Majors

In 2023, 16 degrees were awarded to men at Franklin W Olin College of Engineering (441982) in General Engineering, which is 0.696 times less than the 23 female recipients with that same degree.

Most Common Female Majors

In 2023, 23 degrees were awarded to men at Franklin W Olin College of Engineering (441982) in General Engineering, which is 1.44 times more than the 16 male recipients with that same degree.

Time to Complete

78%

100% Completion Time

97%

150% Completion Time

In 2023, 78% of students graduating from Franklin W Olin College of Engineering (441982) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 97% completed their degrees within 150% of the normal time, and 97% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Franklin W Olin College of Engineering (441982) is Female and Asian (100% graduation rate). Across all Special Focus Institutions, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 4.82% of graduates (4 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
24 degrees awarded
Asian
19 degrees awarded
Two or More Races
12 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering (441982) is white (24 degrees awarded). There were 1.26 times more white recipients than the next closest race/ethnicity group, asian (19 degrees).

10.6% of degree recipients (9 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
16 degrees awarded
Asian Female
12 degrees awarded
White Male
8 degrees awarded

The most common race/ethnicity and sex grouping at Franklin W Olin College of Engineering (441982) is white female (16 degrees awarded). There were 1.33 times more white female recipients than the next closest race/ethnicity group, asian female (12 degrees).

Operations

Franklin W Olin College of Engineering (441982) has an endowment valued at nearly $410M, as of the end of the 2023 fiscal year. The return on its endowment was of 20.9M (5.1%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Franklin W Olin College of Engineering (441982) had a total salary expenditure of 44.2M. Franklin W Olin College of Engineering (441982) employs 20 Professors, 12 Associate professors and 8 Assistant professors. Most academics at Franklin W Olin College of Engineering (441982) are Male Professor (11), Female Professor (9), and Male Associate professor (6).

The most common positions for non-instructional staff at Franklin W Olin College of Engineering (441982) are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 19 employees, Business and Financial Operations, with 18 employees, and Management with 14 employees.

Endowment

$410M

2023 Endowment

2.22%

decline from 2022

Franklin W Olin College of Engineering (441982) has an endowment valued at about $410M, as of the end of the 2023 fiscal year. The endowment of Franklin W Olin College of Engineering (441982) declined 2.22% from the previous year. The value of their endowment was $397M 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 (441982) (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.

Salary Expenditure

$15.9M

2023 Salaries

15.4%

growth from 2022

In 2023, Franklin W Olin College of Engineering (441982) paid a median of $15.9M in salaries, which represents 35.9% of their overall expenditure ($44.2M) and a 15.4% growth from the previous year. This is compared to a 10.6% decline between 2021 and 2022, and a 1.43% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$5.97M

Instructional Salaries

Number of Employees

In 2023, Franklin W Olin College of Engineering (441982) paid a total of $5.97M to 47 employees working as instructors, which represents 37.6% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

Professor

Most Common Instructor

20 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

19 Employees

In 2023, the most common positions for instructional staff at Franklin W Olin College of Engineering (441982) were Professor with 20 employees, Associate professor with 12 employees, and Assistant professor with 8 employees.

In 2023, the most common positions for non-instructional staff at Franklin W Olin College of Engineering (441982) were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 19 employees, Business and Financial Operations with 18 employees, and Management with 14 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Franklin W Olin College of Engineering (441982) was Male Professor with 11 employees, Female Professor with 9 employees, and Male Associate professor with 6 employees.

This chart shows the sex split between each academic rank present at Franklin W Olin College of Engineering (441982).

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