Franklin W Olin College of Engineering logo

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

Pioneering engineering education through student-driven curriculum and innovation.

Franklin W. Olin College of Engineering isn't just another engineering school; it was conceived with the explicit mission to reimagine engineering education itself. Founded in 1997 by the F. W. Olin Foundation, it emerged from a visionary idea to honor Franklin W. Olin's legacy by establishing a groundbreaking institution dedicated to science and engineering. This unique origin story set the stage for a college where innovation is woven into its very fabric, not just taught, but actively practiced in its development.

A defining characteristic of Olin's early years was the "Invention 2000" program, which invited 30 pioneering students, known as Olin Partners, to help design the college's curriculum. These students actively experimented with assessment methods and forms of engineering education, laying the foundation for a collaborative and hands-on learning environment. This radical approach ensured that Olin's programs were intrinsically student-centric, fostering an atmosphere of active participation and continuous improvement.

Olin admitted its first full class of 75 students in 2002, quickly growing to approximately 300 students by 2005 and now hosting around 390. The college's academic strength lies in its commitment to innovative, project-based learning that empowers students to be active creators of their educational journey. Students benefit from a close-knit community and a campus designed for collaboration, while also sharing vital services like health, public safety, and athletic facilities with nearby Babson College, enriching their overall collegiate experience.

Key Highlights

  • ✦Founded in 1997 by the F. W. Olin Foundation with a mission to innovate engineering education.
  • ✦Endowed with approximately $460 million by the F. W. Olin Foundation by 2005.
  • ✦Pioneered an approach inviting 30 "Olin Partners" (students) to help form its initial curriculum.
  • ✦Admitted its first full class of 75 students in 2002.
  • ✦Reached its full size of approximately 300 students by Fall 2005, now hosts about 390 students.
  • ✦Shares many campus services, including health and athletic facilities, with Babson College.

Timeline

Late 1940s
Franklin W. Olin expresses the idea of starting a new institution.
1997
Franklin W. Olin College of Engineering founded by the F. W. Olin Foundation.
2000
"Invention 2000" program hires first faculty members and invites 30 Olin Partners to help form curriculum.
2002
First full class of 75 students admitted; first phase of campus (four buildings) completed.
May 3, 2003
Richard Miller inaugurated as the college's first president.
2005
F. W. Olin Foundation donates most of its financial resources, providing an endowment of about $460 million.
2005
Second dormitory, East Hall, completed; college reaches its full size of approximately 300 students.
🏛️
29 Years
of Excellence

Leadership

President

Data from Wikipedia – CC BY-SA 4.0

Find Scholarships at Franklin W Olin College of Engineering

Sign up free to discover grants and scholarships you qualify for at this school and thousands more.

Start Your Free Search