Cost & financial aid brief
Franklin W Olin College of Engineering Tuition, Costs & Financial Aid
How much does Franklin W Olin College of Engineering cost after financial aid?
Aid covers about 71% of the published cost for the average aid recipient, a reduction of $61,303 from the sticker price. The average net price is higher for families with greater income.
Aid recipients from families earning $30,001 to $48,000 pay an average of $3,100, while those in the $48,001 to $75,000 band average $9,528. The average net price is $12,271 for the $75,001 to $110,000 band and $27,096 for families earning over $110,000.
The pattern shows a steep discount for lower-income families, with the average net price more than doubling between the lowest and highest bands. The pricing structure concentrates the largest aid packages on those with the greatest need.
The published cost of attendance at Franklin W Olin College of Engineering is $86,474 (an average across living arrangements). Azimuth ranks the university #793 for affordability among nonprofit four-year institutions.
The average net price, what aid recipients pay after grants and scholarships, varies by family income. For those earning $30,001 to $48,000, it is $3,100.
In the middle band, from $48,001 to $75,000, it is $9,528. For families earning $75,001 to $110,000, the average is $12,271, and for those earning over $110,000, it is $27,096.
Aid covers about 71% of the published cost for the average aid recipient, a savings of $61,303. The average net price across all aid recipients is $25,171, which is $2,824 above the $22,347 median for comparable institutions (same type and size).
Borrowers who finish carry a median of $19,500 in federal student loans. That is $5,500 below the $25,000 peer median.
If repaid over ten years, that median debt corresponds to an estimated payment of $222 a month. It estimates your net price and potential debt at Franklin W Olin College of Engineering based on your family's income and assets.
Student loans: what does repayment look like?
Borrowers who complete a degree at Franklin W Olin College of Engineering leave with a median of $19,500 in federal student loans. That median is $5,500 below the $25,000 median for comparable institutions (same type and size).
If repaid over ten years, the median debt corresponds to an estimated payment of $222 a month.
Four years after completing a degree, federally aided graduates who are working and not enrolled earn a median of $126,895. That figure sits in the 99th percentile among nonprofit four-year institutions.
The median is $70,980 above the $55,915 median for comparable institutions (same type and size). Earnings scenarios, estimated from the program mix, show a typical figure that matches the observed median.
Borrowers who finish carry a median of $19,500 in federal loans, $5,500 below the median for comparable institutions. That debt corresponds to an estimated payment of $222 a month if repaid over ten years.
For borrowers with median federal student debt, that debt corresponds to an estimated payment of $222 a month if repaid over ten years.
Repayment figures are in the Financial GPS card below. Borrowing populations and model assumptions.
Student loans: the monthly payment
Financial GPS
What does repayment look like?
- Institution median student debt
- $19,500
- Institution Parent PLUS debt
- No federal loan data
Federal loans only; private or institutional loans aren’t included.
- Estimated student payment · monthly
- $222/mo
- Estimated Parent PLUS payment · monthly
- No federal loan data
Payments use school-wide median balances, not a specific major’s.
Student payment as a share of available income
At median graduate earnings of $126,895, with a $22,590 annual allowance for basic expenses:
2.6% of income above the allowance · Excellent
- Excellent Under 8% · selected scenario
- Good 8–under 12%
- Concerning 12–20%
- High risk Over 20%
How this estimate works
These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $22,590, uses the published framework’s 2024 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.
Payment assumptions
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.
Data & methodology
Sources and reporting periods: methodology.
Analysis and methodology by Daniel Rogers, founder of College Azimuth.
Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.
Figure notes link to sources and limitations. About College Azimuth.
Net price and borrowing. The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. College Scorecard data and documentation.
A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.