Financial aid comes from a variety of sources, including the federal government as well as public and private sources.
Your financial aid needs do not affect our admission decision—we evaluate your application without regard to financial need.
- Your eligibility for financial aid is determined by a variety of factors, including your citizenship status and the program in which you intend to enroll.
- Apply for financial aid early in the application process. Don’t assume you won’t be eligible.
Olin offers its students merit-based scholarships, which are gifts that do not have to be repaid. The Admissions Committee automatically considers each applicant for these on the basis of personal integrity, commitment to community, and dedication to leadership and academic excellence. Merit-based award letters are mailed with admission packets. You are still encouraged to apply for scholarships with organizations outside of Olin Business School.
Our interest-free payment plan spreads yearly tuition payments out over 10, 9, or 8 months. You are also required to pay a yearly administrative fee. For more information, visit the Student Financial Services website.
Determining your financial needs
Take a realistic look at your expenses versus your resources. Costs typically increase 4 to 6 percent each year. In addition to tuition and fees, factor in the following typical expenses:
Books and Supplies — $2,782.00
Room and Board (rent, gas, electric food, telephone, etc.) — $17,696.00
Personal/Miscellaneous — $5,268.00
Use the estimate to determine how much of the offered financial aid you’ll need to accept. All funds requested above tuition and fees will be refunded for living expenses.
Make a reasonable estimate of your potential income, and borrow only what you need. Managing your repayment obligation is critical to establishing and maintaining a sound credit history.