How Franklin W Olin College of Engineering's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Franklin W Olin College of Engineering since 2013.

For that period, the average number of students who received grants aid/scholarships is 336, which is 93.56 % of all undergraduate students. 101 students which is 27.89% of undergraduate students received federal student loans and the average loan amount is $5,270.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	343 (100%)	$29,942	23 (7%)	$4,084	117 (34%)	$5,547
2014-15	332 (99%)	$29,973	27 (8%)	$4,248	107 (32%)	$5,390
2015-16	335 (99%)	$30,486	34 (10%)	$4,348	109 (32%)	$5,050
2016-17	330 (87%)	$32,655	29 (8%)	$4,771	105 (28%)	$5,392
2017-18	347 (91%)	$34,486	35 (9%)	$4,547	105 (28%)	$5,157
2018-19	340 (87%)	$35,962	39 (10%)	$4,764	102 (26%)	$5,380
2019-20	347 (90%)	$37,877	48 (12%)	$5,226	110 (28%)	$5,202
2020-21	290 (94%)	$36,791	41 (13%)	$4,906	68 (22%)	$5,320
2021-22	361 (95%)	$39,739	48 (13%)	$5,057	82 (21%)	$4,995
Average	336 (93.56%)	$34,212	36 (10.00%)	$4,661	101 (27.89%)	$5,270

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 83 (100.00 % of students) received grants or scholarships and its average amount is $35,608. It can cover 57.62% of tuition & fees ($61,802).

In addition, 27 (32.56 % of students) students get helped from the students loans (average amount : $5,982).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	82 (100%)	$31,977	32 (39%)	$4,696
2014-15	79 (100%)	$31,067	27 (34%)	$5,357
2015-16	76 (100%)	$31,683	24 (32%)	$4,866
2016-17	79 (100%)	$32,599	26 (33%)	$7,184
2017-18	90 (100%)	$37,605	35 (39%)	$6,379
2018-19	84 (100%)	$36,640	25 (30%)	$4,765
2019-20	85 (100%)	$40,311	28 (33%)	$3,643
2020-21	84 (100%)	$38,069	19 (23%)	$7,908
2021-22	91 (100%)	$40,522	27 (30%)	$9,042
Average	83 (100.00%)	$35,608	27 (32.56%)	$5,982

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 11 (12.89 % of students) received Pell (federal) grants and its average amount is $4,756.

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	6 (7%)	$4,137	2 (2%)	$2,250	-	-	82 (100%)	$31,619
2014-15	10 (13%)	$4,107	1 (1%)	$1,500	-	-	79 (100%)	$30,528
2015-16	10 (13%)	$4,520	6 (8%)	$1,200	-	-	76 (100%)	$30,993
2016-17	8 (10%)	$5,084	1 (1%)	$1,200	-	-	79 (100%)	$32,069
2017-18	11 (12%)	$4,034	2 (2%)	$1,737	-	-	90 (100%)	$37,074
2018-19	12 (14%)	$5,291	6 (7%)	$1,200	-	-	84 (100%)	$35,798
2019-20	17 (20%)	$5,437	58 (68%)	$565	-	-	85 (100%)	$38,838
2020-21	12 (14%)	$4,987	6 (7%)	$1,197	-	-	84 (100%)	$37,271
2021-22	12 (13%)	$5,208	5 (5%)	$1,347	-	-	91 (100%)	$39,762
Average	11 (12.89%)	$4,756	10 (11.22%)	$1,355	-	-	83 (100.00%)	$34,884

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 27 (32.56 % of students) get any students loan help and its average loan amount is $27.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	32 (39%)	$4,696	32 (39%)	$4,540	1 (1%)	$5,000
2014-15	27 (34%)	$5,357	27 (34%)	$4,765	1 (1%)	$16,000
2015-16	24 (32%)	$4,866	24 (32%)	$4,080	1 (1%)	$18,864
2016-17	26 (33%)	$7,184	26 (33%)	$5,054	2 (3%)	$27,691
2017-18	35 (39%)	$6,379	35 (39%)	$4,801	3 (3%)	$18,407
2018-19	25 (30%)	$4,765	25 (30%)	$3,899	1 (1%)	$21,627
2019-20	28 (33%)	$3,643	28 (33%)	$3,643	-	-
2020-21	19 (23%)	$7,908	19 (23%)	$4,382	2 (2%)	$33,500
2021-22	27 (30%)	$9,042	26 (29%)	$4,746	3 (3%)	$40,239
Average	27 (32.56%)	$5,982	27 (32.44%)	$4,434	2 (1.88%)	$22,666

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Scholarships, Grants, and Loan Trends at Franklin W Olin College of Engineering

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time