Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 33% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14343 (100%)$29,94223 (7%)$4,084117 (34%)$5,547
2014-15332 (99%)$29,97327 (8%)$4,248107 (32%)$5,390
2015-16335 (99%)$30,48634 (10%)$4,348109 (32%)$5,050
2016-17330 (87%)$32,65529 (8%)$4,771105 (28%)$5,392
2017-18347 (91%)$34,48635 (9%)$4,547105 (28%)$5,157
2018-19340 (87%)$35,96239 (10%)$4,764102 (26%)$5,380
2019-20347 (90%)$37,87748 (12%)$5,226110 (28%)$5,202
2020-21290 (94%)$36,79141 (13%)$4,90668 (22%)$5,320
2021-22361 (95%)$39,73948 (13%)$5,05782 (21%)$4,995
Average336 (93.56%)$34,21236 (10.00%)$4,661101 (27.89%)$5,270
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1482 (100%)$31,97732 (39%)$4,696
2014-1579 (100%)$31,06727 (34%)$5,357
2015-1676 (100%)$31,68324 (32%)$4,866
2016-1779 (100%)$32,59926 (33%)$7,184
2017-1890 (100%)$37,60535 (39%)$6,379
2018-1984 (100%)$36,64025 (30%)$4,765
2019-2085 (100%)$40,31128 (33%)$3,643
2020-2184 (100%)$38,06919 (23%)$7,908
2021-2291 (100%)$40,52227 (30%)$9,042
Average83 (100.00%)$35,60827 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-146 (7%)$4,1372 (2%)$2,250--82 (100%)$31,619
2014-1510 (13%)$4,1071 (1%)$1,500--79 (100%)$30,528
2015-1610 (13%)$4,5206 (8%)$1,200--76 (100%)$30,993
2016-178 (10%)$5,0841 (1%)$1,200--79 (100%)$32,069
2017-1811 (12%)$4,0342 (2%)$1,737--90 (100%)$37,074
2018-1912 (14%)$5,2916 (7%)$1,200--84 (100%)$35,798
2019-2017 (20%)$5,43758 (68%)$565--85 (100%)$38,838
2020-2112 (14%)$4,9876 (7%)$1,197--84 (100%)$37,271
2021-2212 (13%)$5,2085 (5%)$1,347--91 (100%)$39,762
Average11 (12.89%)$4,75610 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1432 (39%)$4,69632 (39%)$4,5401 (1%)$5,000
2014-1527 (34%)$5,35727 (34%)$4,7651 (1%)$16,000
2015-1624 (32%)$4,86624 (32%)$4,0801 (1%)$18,864
2016-1726 (33%)$7,18426 (33%)$5,0542 (3%)$27,691
2017-1835 (39%)$6,37935 (39%)$4,8013 (3%)$18,407
2018-1925 (30%)$4,76525 (30%)$3,8991 (1%)$21,627
2019-2028 (33%)$3,64328 (33%)$3,643--
2020-2119 (23%)$7,90819 (23%)$4,3822 (2%)$33,500
2021-2227 (30%)$9,04226 (29%)$4,7463 (3%)$40,239
Average27 (32.56%)$5,98227 (32.44%)$4,4342 (1.88%)$22,666

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