Need-Based Aid

To keep an Olin education affordable, each student receives a half-tuition scholarship based on merit, and need-based aid is available for students who qualify. This unique approach to helping students make their college educations affordable allows them to graduate unencumbered by debt, freeing them to devote themselves to furthering their educations or to engineering projects that can bring about technical, social, economic and political change

Financial circumstances should not present a barrier to an Olin education. In keeping with the school’s mission, students for whom finances are a concern can be awarded need-based scholarships. These need-based scholarships provide critical funds for qualified, talented students who would be otherwise unable to finance their college education.

In particular, a named scholarship is a strong and meaningful way to support an Olin student. The name given to the scholarship is associated with the recipient student throughout his or her Olin career—and often beyond—taking on a special meaning to the student and his or her family, friends and teachers.

“I owe much of my personal and professional development to you for helping fund my time at Olin, so THANK YOU! You’ve made a big impact on my life and encouraged me to pay it forward when the time comes.”
Jon McKay ’13, a recipient of the Backus Merit Scholarship

Financial circumstances should not be a barrier to an Olin education. Olin offers need-based financial assistance for U.S. citizens and eligible non-citizens through federal, state and institutional programs; and a generous private gift has allowed Olin to provide some need-based financial assistance to qualified international applicants. More detailed information regarding need-based financial assistance is on our Financial Aid page.