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Franklin W Olin College of Engineering

Needham, MA

private nonprofitbachelors

Quick Facts

1997
Founded
Private college
Type
373
Total Students
402
Undergrad
$487M
Endowment
(2023)
$64K
Tuition (In-State)
$64K
Tuition (Out-State)
$21K
Avg Net Price
22%
Acceptance Rate
92%
Graduation Rate
6-year
99%
Retention Rate
Special Focus Four-Year
Classification
President: R. May Lee

Data from Wikipedia (CC BY-SA 4.0) & U.S. Dept. of Education

About Franklin W Olin College of Engineering

Revolutionizing engineering education with a hands-on, student-centric approach.

Franklin W. Olin College of Engineering stands as a unique private institution dedicated to revolutionizing engineering education. Unlike traditional colleges, Olin was specifically designed from the ground up to foster an innovative, project-based learning environment, attracting students passionate about making a real-world impact through collaborative, interdisciplinary work.

Olin's fascinating origin story traces back to the F. W. Olin Foundation, established in 1997 with the mission of perpetuating Franklin W. Olin's legacy. Concerned about fulfilling Mr. Olin's long-held desire to start a new institution, the foundation made the bold decision to create an entire college. By 2005, the foundation had channeled the majority of its substantial financial resources, providing an initial endowment of approximately $460 million, which has since grown to an impressive $0.5 billion. R. May Lee currently serves as its president.

From its inception, Olin prioritized student involvement in shaping its academic experience. Through the groundbreaking "Invention 2000" program, the college hired its inaugural faculty and invited 30 pioneering students, known as "Olin Partners," to actively participate in forming the curriculum, experimenting with teaching methods, and establishing the vibrant student culture. This collaborative spirit led to the admission of its first full class of 75 students in 2002, ultimately growing to a close-knit community of about 390 students today. The campus itself, designed in a postmodern style, emphasizes community and innovation, sharing various services including health, public safety, and athletic facilities with nearby Babson College.

Key Highlights

  • Founded in 1997 by the F. W. Olin Foundation with a mission to innovate engineering education.
  • Boasts an impressive endowment of $0.5 billion, initially funded with approximately $460 million by 2005.
  • Pioneered the "Invention 2000" program, where 30 "Olin Partners" helped design the curriculum.
  • Admitted its first full class of 75 students in 2002, growing to approximately 390 students today.
  • Employs a unique student-centered, project-based learning approach to engineering.
  • Shares many campus services and athletic facilities with neighboring Babson College.
  • Led by President R. May Lee, overseeing its continued commitment to engineering excellence.

Timeline

1997
Olin College was founded by the F. W. Olin Foundation
2000
Invention 2000 program launched; first faculty hired and 30 'Olin Partners' began shaping the curriculum
2002
First full class of 75 students admitted; first phase of campus construction (4 buildings) completed
2003
Richard Miller inaugurated as the college's first president
2005
F. W. Olin Foundation donated most resources, providing an endowment of about $460 million
2005
College reached its full size of approximately 300 students; East Hall dormitory completed
🏛️
29 Years
of Excellence

Leadership

President

Data from Wikipedia CC BY-SA 4.0

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