Afford

Cost & Aid

Committed to Affordability

Olin is committed to affordability. Olin’s merit scholarship —complemented by our policy of meeting full demonstrated need—means finances should never stand in the way of an Olin education. Our combination of excellent academics and generous aid is why the 2020 Princeton Review named Olin a "Best Value College" and 2023 Fiske Guide calls us a “Best Buy College". In addition, The Chronicle of Higher Education recognized Olin on their list of "Colleges That Are the Most Generous to the Financially Neediest Students" (Jan 2020). 

The Olin Tuition Scholarship 

The merit-based  Olin Tuition Scholarship benefits all admitted students. Starting Fall 2026, the Olin Tuition Scholarship will be $10,000 per year for all incoming students. Offered for eight semesters of required full time study, this scholarship recognizes achievement inside and outside the classroom and represents our confidence in your ability to succeed in this unique academic environment. Our goal is to attract talented students committed to making a difference in the world and partnering with them to make an Olin education a reality.

Phoenix Award

Starting in Fall 2026, Olin will begin to offer the Phoenix Award, a four-year grant which recognizes students who embody Olin's ethos: leadership, service, community impact, and a commitment to educating, edifying, and healing. These students will be supportive of human flourishing. Preference will be given to students with a Student Aid Index (SAI) between 30,000 and 105,000 and this is largely thought of as a "middle class grant." Families in the middles class often face disproportionate financial challenges in higher education, and this award is designed to bridge the gap.

Awards will range from $5,000/year to $12,000/year and reflect Olin's investment in future changemakers.

Recipients are chosen during our two-step, holistic admission process and the awards are released at the time of admission. 

Need-Based Aid at Olin

In addition to this merit scholarship, the College is committed to meeting  full demonstrated financial need  for up to eight semesters of required full-time study for those who apply by the appropriate deadline and are eligible for additional assistance. 

Eligibility is determined by completion of the FAFSA.  Currently, need-based aid is available to U.S. Citizens and Eligible Non-Citizens.  

Contact us: finaid@olin.edu or 781-292-2215