All student account inquiries should be directed to Student Accounts. Information on this website is timely and updated at the College's discretion.
Costs for 2020 - 2021
- Full-time Admitted Students - CLICK HERE
- Exchange/Visitor Students - CLICK HERE
- 4+1 Program - CLICK HERE
Fall bills will be mailed to students' permanent address in early July and are due early August. Spring bills are sent to the students' local mailbox early November, due early December. For complete details regarding tuition and fees, please refer to the ‘Costs' above. Late payments are subject to a $150 late fee.
The payment remittance address for paper checks is:
Olin College of Engineering
1000 Olin Way
Needham, MA 02492
- For Domestic Students: Student account payments can be made online with electronic check via the TMS Gateway at no charge. It’s fast and easy. To make a one-time payment from a valid U.S. bank account, click here: PAY NOW.
- For International Students: The preferred payment process for an international student to pay their student account fees from outside the United States is through Western Union's GlobalPay for Students. This option allows you to pay your tuition and student fees in the currency of your choice in an efficient manner. Click “International Payment via Western Union” and follow the prompts. PAY NOW.
To help you afford your educational expenses, Olin College of Engineering is pleased to make the services of Tuition Management Systems (TMS) available as a payment option to you and your family. TMS Interest-Free Monthly Payment Option allows you to spread your annual educational expenses over ten monthly installments for only a small enrollment fee. There is no interest and no pre-qualification or credit check for this service. With this payment option you have 24-hour access to account information through Tuition Management Systems' web site, https://olin.afford.com, toll-free automated account information through InfoLine, and personal account service Monday through Saturday. Education Payment Counselors are available to help determine your best payment option and budget amount.
For more information on the optional monthly payment plan or to enroll in this Interest-Free Monthly Payment Plan with TMS, click HERE or call 1-800-722-4867 to speak with an Education Payment Counselor.
Students who are officially approved by the Office of Student Affairs & Resources to withdraw or take a leave of absence may be granted a refund of tuition and room & board only. Fees are not refundable unless the student leaves prior to the first day of instruction. Health Insurance is generally non-refundable once the plan begins but some exceptions may apply (consult with Student Accounts for more details). The cost of the laptop computer* is non-refundable once delivered to the student. Students are not eligible to receive cash or credit for any unused portion of the Olin Tuition Scholarship under any circumstances. Students who are dismissed due to disciplinary action will not be entitled to any refund. Students who leave Olin College without approval are not entitled to a refund. Approved withdrawals or leaves may be eligible for a refund based on the following schedule:
- Leave prior to 1st Day of Instruction - 100% refund
- Leave prior to the 20th Day of Instruction - 75% refund
- Leave up to the 33rd Day of Instruction - 50% refund
- Leave after the 33rd Day of Instruction - 0%
The refund policy also applies to any Olin institutional financial aid (merit and need-based aid) that was previously awarded for the semester. Olin institutional financial aid is refunded to the College using the percentages referenced above. Federal need-based aid will be refunded based on the Federal Title IV refund process. Olin College will adhere to any provisions and refund policies set forth by outside scholarship agencies. Any balance created because of scholarship returns or financial aid refunds is immediately due.
*Note: The laptop computer is billed in two installments during the first year (one in July for the fall semester and one in November for the spring semester). The student is responsible for full payment of the laptop. Therefore, if a student leaves Olin College in their first year, he or she must make a full payment for the laptop and the applicable Massachusetts sales tax prior to departure.
Financial Aid and Loan Refunds
Students that have an overpaid account due to financial aid or loan proceeds will be issued a refund within 14 days after the semester begins or 14 days from receipt of the funds within a semester.
The Commonwealth of Massachusetts requires students to be covered by a comprehensive health insurance program. At Olin College, we offer Blue Cross Blue Shield PPO coverage which is managed by University Health Plans. This plan provides excellent health insurance coverage against illness and accidents. The policy begins in the fall semester and continues for 12 months. Students will be irrevocably enrolled in this plan unless a waiver is completed by June 30th. The waiver certifies that equivalent coverage will be maintained during the enrollment period. If a waiver is not on file by June 30th, the student will be billed for the insurance premium and will remain responsible for payment of the premium. The waiver must be renewed annually.
If a student's insurance is cancelled at any point during the academic year they are required to notify Student Accounts within 60 days of the loss of coverage. Olin's Blue Cross and Blue Shield insurance is available. Please consult Student Accounts for applicable rates. Payment is due immediately.
Massachusetts State Requirements
In order to waive participation in the Olin sponsored policy your insurance must meet the following requirements:
- The Company must have its headquarters in the United States; an office in the U.S. does not meet this requirement.
The policy may not have an overall maximum benefit.
Emergency room visits that do not result in an admission to the hospital must be covered
Mental health must be covered as any other illness or injury. This means that both in-patient and out-patient treatment must be covered.
Injuries or illnesses that occur as a result of alcohol, illegal drugs or as the result of an attempt to commit suicide must be covered as any other illness or injury.
Diagnosis and treatment of sexually transmitted diseases must be covered.
There must be coverage for pre-existing conditions.
Must be portable to the State of Massachusetts
The State mandates that students who cannot certify that they have qualifying health insurance from a U.S. based company must participate in the insurance program provided by their institution.
Students can file their health insurance waiver form or enroll in the Blue Cross Blue Shield Plan online. Go to https://www.universityhealthplans.com/ and click on Olin College then follow the prompts. Have your Olin student ID number available (new students received this number from the Admission Office). The University Health Plan website provides information regarding the insurance policy benefits and details on the coverage.
Replacement identification cards are available at IT, Room MH L11.
Identity Theft Prevention Program
In compliance with the Federal Trade Commission's Red Flag Ruling, Olin College has an established program to detect, prevent, and mitigate identity theft in connection with relevant administrative procedures related to student accounts.
In addition to Tuition and Fees, Olin College reserves the right to charge the following to a student's account:
|Lost Book Fee||$10 + Book Cost|
|Lost or Damaged Tool/Equipment Fee||$10 + Replacement Cost|
|Returned Check Fee (paper check or e-check)||$30|
|Late Departure Fee||$50 per hour|
|Replacement Key/Lockset Core Replacement||$35/$75|
Babson Public Safety notifies Student Accounts of any unpaid parking fines which are charged to the student's account and due immediately.
Phones are available for lease to each student, if needed. Prices are set annually.
Facilities Services notifies the Student Accounts of any dormitory and/or replacement key charges which are charged to a student account. Payment is due immediately and appeals may be made through Facilities Services.
Summer housing in the Olin residence halls
- Summer housing is valued at $300 per week.
- Olin students working and living on Campus over the summer will have the value of housing included in their taxable income and applicable taxes withheld.
- Summer stipend recipients should consult a tax advisor as the summer award and associated housing are considered taxable income. Students are responsible for payment of applicable taxes.
- Others living in the Olin residence hall over the summer will be charged $300 per week. Note that paid summer housing may not be available every year and is dependent upon space. To request paid housing for Summer 2019, complete this form by Wednesday, May 8th 2019.
"Olin Dollars" is a feature of your Olin ID/OneCard. Olin Dollars act as a debit account for students to purchase items and services. The current program involves laundry, vending, mailroom services, Frank's (Olin's store located in the Mail Room) and Olin gear. Olin hopes to expand the program on campus and possibly throughout the community.
"Olin Dollars" can be purchased at http://onecard.olin.edu/ using your network credentials or you can purchase dollars with a check or cash at Financial Affairs, located in MH-300. Parents can deposit funds to their student’s OneCard account via http://onecard.olin.edu/. Parents will need three simple pieces of information, (1) the student’s first name, (2) the student’s last name and (3) the student’s 16 digit ISO # located on the student’s ID card. This feature will be available for new students once they are issued their ID cards on arrival day.
"Olin Dollars" program details are subject to change.
Personal Property Insurance
The college is not responsible for the personal property of students while in the Residence Halls. To obtain personal property insurance, please contact National Student Services, Inc. at (800) 256-6774 or visit their website at www.nssi.com for more information or to apply. Brochures are also mailed out each May.