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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

Innovating engineering education through a student-driven, collaborative approach.

Franklin W. Olin College of Engineering stands as a testament to innovation in higher education, uniquely founded in 1997 by the F. W. Olin Foundation with the express purpose of rethinking engineering. Unlike traditional institutions, Olin was built from the ground up by a dedicated group of faculty and its very first students, known as "Olin Partners," ensuring a curriculum deeply rooted in modern engineering needs and collaborative learning. This forward-thinking approach has established Olin as a distinctive private college focused entirely on preparing the next generation of engineers.

The college's history is as engaging as its pedagogy. In a groundbreaking initiative called "Invention 2000," Olin invited 30 high school graduates to help design its academic program, exploring everything from assessment methods to student culture. This direct student involvement from the outset created a vibrant, experimental environment that continues to define Olin's educational philosophy. By 2005, the F. W. Olin Foundation had generously endowed the college with approximately $460 million, securing its future and its commitment to excellence.

Today, Olin College maintains a intentionally small and close-knit community, with about 390 students, fostering an intimate and highly collaborative learning atmosphere. Its modern campus, completed in phases starting in 2002, provides state-of-the-art facilities designed to support hands-on, project-based engineering education. Moreover, Olin enriches its student experience by sharing many campus services, including health, public safety, and athletic facilities, with nearby Babson College, offering a broader array of resources while maintaining its unique focus.

Key Highlights

  • Founded in 1997 by the F. W. Olin Foundation to innovate engineering education.
  • Features a substantial endowment of $0.5 billion, securing its resources and mission.
  • Pioneered curriculum development with "Olin Partners" — students who helped design the college's educational approach in 2000.
  • Admitted its first full class of 75 students in 2002, reaching full capacity of around 300 by fall 2005, and currently hosts approximately 390 students.
  • Dedicated solely to science and engineering, with a unique, project-based learning model.
  • Modern campus designed by Perry Dean Rogers Architects, with the first phase completed in 2002.
  • Shares various campus services, including health and athletic facilities, with Babson College.

Timeline

1997
Franklin W. Olin College of Engineering founded by the F. W. Olin Foundation.
2000
"Invention 2000" program launched, hiring first faculty and inviting 30 Olin Partners to help form the curriculum.
2002
Olin admitted its first full class of 75 students; the first phase of campus construction (four buildings) completed.
2003
Richard Miller inaugurated as the college's first president.
2005
F. W. Olin Foundation donated most of its resources, providing Olin with an endowment of about $460 million.
2005
The college reached its full size of approximately 300 students; construction of the second dormitory, East Hall, finished.
🏛️
29 Years
of Excellence

Leadership

President

Data from Wikipedia CC BY-SA 4.0

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