Franklin W
Olin College of Engineering
Private College in Needham, MA. Six-year graduation rate 96%. Median 10-year earnings $129,455.
Students who entered Franklin W Olin College of Engineering reach a median of $129,455 ten years later, which puts this school in the upper band of undergraduate earnings outcomes. 96% graduate within six years, so most students who start here finish here. Debt at graduation runs to a median of $19,500, neither a bargain nor a burden.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.15 — healthy (below the 0.40 threshold)
- ✓ Graduation rate 96% — well above the national average
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
Franklin W Olin College of Engineering admits 25% of applicants and is genuinely selective — roughly three in four applicants are turned away. Only 1,000 students applied, so treat these rates as directional — small pools swing sharply between cycles. 44% of admitted students actually enroll, which is a high yield by national standards. Read the score bands below narrowly: only 25% of enrolled first-years submitted an SAT score, and test-optional applicants are not represented in them.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 723–768 | 27 (25%) |
| SAT Math | 770–790 | |
| ACT Composite | — | — |
IPEDS Admissions · 2024
Apply at Franklin W Olin College of Engineering →Academics
96% of students finish within six years, putting completion well above the national norm. 98% of full-time first-years return for a second year — a healthy figure. A 9:1 ratio points to small classes and accessible faculty. Judge these figures against other institutions of the same type — sector explains more of the variation in completion than any single campus factor. At 404 undergraduates, expect a small, closely-held student body.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 375 degree- or certificate-seeking undergraduates
Net price averages $43,184 annually, so cost is the first thing to weigh here. Net price swings hard on family income here, from $7,058 at the $0–30k band to $27,096 at $110k+. Grant aid is widespread — 99% of students receive it, averaging $42,121. Federal borrowing reaches 27% of students.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 98 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $7,058 |
| $30–48k | $3,100 |
| $48–75k | $9,528 |
| $75–110k | $12,271 |
| $110k+ | $27,096 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 102 of these 375 students, totalling $530,191 — an average of $5,198 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Norfolk County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026