Olin’s generous scholarship policy stems from one of the founding principles of the college - to provide a world-class engineering education at significantly reduced cost to students and their families. All admitted students who enroll at Olin College receive an Olin Scholarship covering tuition during the eight semesters of the baccalaureate program. This scholarship is currently valued at approximately $140,000.

 

Estimated Cost: Academic Year 2008-09

Below are estimated costs for the upcoming academic year. We expect nominal increases in these figures for subsequent years.

Billed expenses
	Tuition	$35,000
	Room	$8,100
	Meal Plan	$4,300
	Laptop Purchase	$1,250 (first 2 years only)
	Health Insurance	$818 (if needed)
	Student Activity Fee	$175
	General Fee	$200
Unbilled expenses (estimated)
	Books & Supplies	$750
	Travel & Incidentals	$1,500
Cost of Attendance		$52,093
Olin Scholarship		-$35,000
Net Cost		$17,093

 

Need-Based Assistance

Olin College offers need-based financial assistance in the form of federal, state, and institutional programs. Families interested in applying for additional assistance to meet costs in excess of the Olin Tuition Scholarship should complete a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. Olin College’s institutional code is 039463. For incoming students, it is recommended that your FAFSA be completed by February 15th for earliest consideration for need based assistance. The only required form to apply for financial assistance at Olin College is the FAFSA.

You may find more detailed information regarding need-based financial assistance on our Financial Aid page, found on the Student Accounts and Records website.

Please direct any questions regarding need-based financial assistance to Jean Ricker, our Financial Aid Manager, at jean.ricker@olin.edu or 781-292-2340.

 

Olin Scholarship Policy

The Olin College tuition scholarship is for eight consecutive semesters of full-time study. Anyone permanently disqualified to attend or return to Olin College for academic or disciplinary reasons will forfeit the remaining portion of the scholarship. Study Away (which requires pre-approval) or an internship for credit counts as one of the eight scholarship semesters; the student is expected to pay for costs associated with any such activity, including host institution tuition and fees (if required). For mid-semester leaves of absence, the partial semester counts as one of the eight scholarship semesters; payment of tuition is required for any semester(s) beyond eight before graduation. For end-of-semester leaves of absence, the semester on leave does not count as one of the eight scholarship semesters (unless the student requests transfer credit for this semester). Olin College provides accommodations for documented disabilities. In extenuating circumstances, exceptions may be granted by the Provost.

 

Outside Scholarship Policy

Students are encouraged to pursue outside scholarships. The total of all scholarships, grants, and need based assistance cannot exceed the Cost of Attendance for the academic year. If the scholarship is restricted to tuition only, it reduces the amount of the Olin Scholarship accordingly.

Please note that all outside scholarships received by students must be reported to Olin College for incorporation in the Financial Aid Package.

NOTE: National Merit Finalists who win either a National Merit or National Achievement Scholarship from the National Merit Scholarship Corporation or another corporate sponsor are able to use this scholarship at Olin College and will be identified as National Merit Scholars. However, finalists who designate Olin College as their first choice college but do not receive a NMSC or corporate-sponsored scholarship will remain National Merit Finalists, since Olin does not currently sponsor National Merit or National Achievement scholarships.