For the academic year 2022-2023, total 91 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 361 students (95% of all students) received grants or scholarships and the average grant amount is $39,739. In addition, 82 students received student loans and the average loan amount is $4,995.
Below tables show the number and amount by source of financial aid at Franklin W Olin College of Engineering.
For all undergraduate students, total 361 students (95% of all students) received grants or scholarships and the average grant amount is $39,739. In addition, 82 students received student loans and the average loan amount is $4,995.
Below tables show the number and amount by source of financial aid at Franklin W Olin College of Engineering.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 361 | 95% | $39,739 |
| Pell Grants | 48 | 13% | $5,057 |
| Federal Student Loans | 82 | 21% | $4,995 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 91 | 100% | - |
| Grants or Scholarship from All Sources | 91 | 100% | $40,522 |
| Federal Grants | 12 | 13% | $5,769 |
| Pell Grants | 12 | 13% | $5,208 |
| Other Federal Grants | 5 | 5% | $1,347 |
| State/Local Grants | 0 | 0% | $0 |
| Institutional Grants | 91 | 100% | $39,762 |
| Student Loans | 27 | 30% | $9,042 |
| Federal Student Loans | 26 | 29% | $4,746 |
| Other Student Loans | 3 | 3% | $40,239 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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