Franklin W Olin College of Engineering (441982)

www.olin.edu

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2022 Undergraduate Tuition

$57,280

3% growth from 2021

2022 Average Net Price

$38,502

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

19.1%

862 Applicants

2022 Enrolled Students

386

92.2% Full-Time

2022 Graduation Rate

93.7%

74 Graduates

About

Franklin W Olin College of Engineering (441982) is a higher education institution located in Norfolk County, MA. In 2022, the most popular Bachelors Degree concentrations at Franklin W Olin College of Engineering (441982) were General Engineering (38 degrees awarded), Electrical & Electronics Engineering (19 degrees), and Mechanical Engineering (15 degrees).

In 2022, 72 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering (441982). 52.8% of these degrees were awarded to women, and 47.2% awarded men. The most common race/ethnicity group of degree recipients was white (37 degrees), 2.85 times more than then the next closest race/ethnicity group, asian (13 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering (441982) is $57,280, which is $42,339 more than the national average for Special Focus Institutions ($14,942).

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 2022, the median undergraduate tuition at Franklin W Olin College of Engineering (441982) is $57,280, which is $42,339 more than the national average for Special Focus Institutions ($14,942).

After taking grants and loans into account, the average net price for students is $38,502.

In 2022, 95% of undergraduate students attending Franklin W Olin College of Engineering (441982) received financial aid through grants. Comparatively, 21% of undergraduate students received financial aid through loans.

Tuition Costs

$57,280

2022 Undergraduate Tuition

In 2022, the cost of tuition at Franklin W Olin College of Engineering (441982) was $57,280. The cost of tuition at Franklin W Olin College of Engineering (441982) is $42,339 more than than the overall (public and private) national average for Special Focus Institutions ($14,942).

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

$38,502

2022 Value

5.5%

1 Year Growth

In 2022 Franklin W Olin College of Engineering (441982) had an average net price — the price paid after factoring in grants and loans — of $38,502. Between 2021 and 2022, the average net price of Franklin W Olin College of Engineering (441982) grew by 5.5%.

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

$17,984

Room and Board

$200

Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering (441982) was of $17,984 in 2022. The cost of room and board increased by 19.6% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $200. 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 (441982) (in red) with that of similar universities.

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

21%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Franklin W Olin College of Engineering (441982) received financial aid through grants or loans in 2022. This represents a growth of 1.06% with respect to 2021, when 94% 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 862 undergraduate applications in 2022, which represents a 4.96% annual growth. Out of those 862 applicants, 165 students were accepted for enrollment, representing a 19.1% acceptance rate.

There were 386 students enrolled at Franklin W Olin College of Engineering (441982) in 2022. 48% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering (441982) has an overall enrollment yield of 45.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

19.1%

Acceptance Rate in 2022

165

Accepted Out of 862

In 2022, the undergraduate acceptance rate of Franklin W Olin College of Engineering (441982) was 19.1% (165 admissions from 862 applications). This is higher than the acceptance rate of 2021, which was 18%. Between 2021 and 2022, the number of applicants declined by 4.96%, while admissions grew by 1.23%.

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

48%

Submission Percentage (2022)

Scores Submitted (2022)

48% of enrolled first-time students at Franklin W Olin College of Engineering (441982) in 2022 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 386 students in 2022. The full-time enrollment at Franklin W Olin College of Engineering (441982) is 356 students and the part-time enrollment is 30. This means that 92.2% 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 39.6% White, 20.5% Asian, 10.1% Two or More Races, 9.33% Hispanic or Latino, and 3.37% Black or African American.

Students enrolled at Franklin W Olin College of Engineering (441982) in full-time Undergraduate programs are most commonly White Female (21.3%), followed by White Male (20.2%) and Asian Female (12.1%).

Full-Time vs Part-Time Enrollment

92.2%

Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering (441982) in 2022, both undergraduate and graduate, is 386 students. The full-time enrollment at Franklin W Olin College of Engineering (441982) is 356 and the part-time enrollment is 30. This means that 92.2% of students enrolled at Franklin W Olin College of Engineering (441982) are enrolled full-time compared with 71.2% 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%

2022 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 (2022)

White
153 enrolled students
Asian
79 enrolled students
Two or More Races
39 enrolled students

The enrolled student population at Franklin W Olin College of Engineering (441982) is 39.6% White, 20.5% Asian, 10.1% Two or More Races, 9.33% Hispanic or Latino, and 3.37% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 42.1% White, 19.3% Hispanic or Latino, and 14.1% 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, 35 students (9.07%) did not report their race.

Graduates

In 2022, 4 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 (37 degrees awarded). There were 2.85 times more white recipients than the next closest race/ethnicity group, asian (13 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering (441982) is General Engineering (38 degrees awarded), followed by Electrical & Electronics Engineering (19 degrees) and Mechanical Engineering (15 degrees).

In 2022, 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 (72 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 (416,120 people), Miscellaneous engineers, including nuclear engineers (340,031 people), Other managers (282,237 people), Civil engineers (276,402 people), and Mechanical engineers (203,327 people).

The most specialized majors at Franklin W Olin College of Engineering (441982) in 2022 are Engineering (72 degrees awarded) (as of 2022).

Highest Paying Jobs by Major

Podiatrists

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 Podiatrists, Surgeons, Physicians, Securities, commodities, & financial services sales agents, and Chief executives & legislators

The most specialized majors at Franklin W Olin College of Engineering (441982) are Engineering (72 degrees awarded) (as of 2022).

Common Industries by Major

Computer Systems Design

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 Computer Systems Design (421,504 people), Architectural, engineering & related services (412,719 people), Construction (268,813 people), Aircraft & parts manufacturing (156,505 people), and Colleges, universities & professional schools, including junior colleges (155,496 people).

The most specialized majors at Franklin W Olin College of Engineering (441982) are Engineering (72 degrees awarded) (as of 2022).

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 (2022)

General Engineering
38 degrees awarded
Electrical & Electronics Engineering
19 degrees awarded
Mechanical Engineering
15 degrees awarded

In 2022, the most common bachelors degree concentration at Franklin W Olin College of Engineering (441982) was General Engineering with 38 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 2022

Degrees Awarded to Women

in 2022

In 2022, 34 degrees were awarded to men at Franklin W Olin College of Engineering (441982), which is 0.895 times less than the number of degrees awarded to females (38).

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 2022, 15 degrees were awarded to men at Franklin W Olin College of Engineering (441982) in General Engineering, which is 0.652 times less than the 23 female recipients with that same degree.

Most Common Female Majors

In 2022, 23 degrees were awarded to men at Franklin W Olin College of Engineering (441982) in General Engineering, which is 1.53 times more than the 15 male recipients with that same degree.

Time to Complete

80%

100% Completion Time

94%

150% Completion Time

In 2022, 80% 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, 94% completed their degrees within 150% of the normal time, and 95% 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.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Franklin W Olin College of Engineering (441982) is Male and Two or More Races (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (73.2%).

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, 18.9% of graduates (14 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
37 degrees awarded
Asian
13 degrees awarded
Hispanic or Latino
12 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering (441982) is white (37 degrees awarded). There were 2.85 times more white recipients than the next closest race/ethnicity group, asian (13 degrees).

2.78% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
21 degrees awarded
White Female
16 degrees awarded
Asian Female
9 degrees awarded

The most common race/ethnicity and sex grouping at Franklin W Olin College of Engineering (441982) is white male (21 degrees awarded). There were 1.31 times more white male recipients than the next closest race/ethnicity group, white female (16 degrees).

Operations

Franklin W Olin College of Engineering (441982) has an endowment valued at nearly $419M, as of the end of the 2022 fiscal year. The return on its endowment was of −13M (−3.1%) compared to the 0.21% average return (24.5k on 11.6M) across all Special Focus Institutions.

In 2022, Franklin W Olin College of Engineering (441982) had a total salary expenditure of 41.7M. Franklin W Olin College of Engineering (441982) employs 18 Professors, 14 Assistant professors and 8 Associate professors. Most academics at Franklin W Olin College of Engineering (441982) are Male Professor (9), Female Professor (9), and Female Assistant professor (9).

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 15 employees, and Management with 14 employees.

Endowment

$419M

2022 Endowment

8.02%

decline from 2021

Franklin W Olin College of Engineering (441982) has an endowment valued at about $419M, as of the end of the 2022 fiscal year. The endowment of Franklin W Olin College of Engineering (441982) declined 8.02% from the previous year. The value of their endowment was $407M 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

$13.8M

2022 Salaries

10.6%

decline from 2021

In 2022, Franklin W Olin College of Engineering (441982) paid a median of $13.8M in salaries, which represents 33% of their overall expenditure ($41.7M) and a 10.6% decline from the previous year. This is compared to a 1.43% decline between 2020 and 2021, and a 5.55% growth between 2019 and 2020.

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

Instructional Salaries

$5.68M

Instructional Salaries

Number of Employees

In 2022, Franklin W Olin College of Engineering (441982) paid a total of $5.68M to 47 employees working as instructors, which represents 41.3% of all salaries paid.

This is compared to a median of $975k (30.7%) for similar Special Focus Institutions.

Occupations by Share

Professor

Most Common Instructor

18 Employees

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

Most Common Non-Instructional Employee

19 Employees

In 2022, the most common positions for instructional staff at Franklin W Olin College of Engineering (441982) were Professor with 18 employees, Assistant professor with 14 employees, and Associate professor with 8 employees.

In 2022, 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 15 employees, and Management with 14 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Female Professor
Female Assistant professor

In 2022, the most common demographic for instructional staff at Franklin W Olin College of Engineering (441982) was Male Professor with 9 employees, Female Professor with 9 employees, and Female Assistant professor with 9 employees.

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

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