<p>Hi</p>
<p>Saw this on the website</p>
<pre><code>First Year Student Retention (full-time students): 92%
Transfer-out Rate: 1%
4-Year Graduation Rate: 75%
6-Year Graduation Rate: 96%
</code></pre>
<p>They keep emphasizing on the letters to us that itis a four year tuition grant that all students get.
I was wondering if anyone knew if the tuition then doubles if you do not graduate in 4 years?
thanks</p>
<p>First, let me explain that the Olin low 4-year graduation rate is very misleading. Students that don’t graduate in 4 years aren’t having a hard time getting classes, or having to take things over or delaying in some such manner. They are generally taking time off to work on a start-up, taking a year or semester long internship, going abroad without taking course credit or doing something esoteric like climbing Mt. Everest or biking x-country. If a student decides to take time off for something like this, they forego the scholarship for that year and then come back the next for another scholarship year.
Obviously, there are some students who need to take an extra semester or 2 for some reason, and yes, those semesters would have to be paid at the full tuition rate. But this is not common at all, and certainly not for 25% of the student body which the statistic would have you believe.</p>
<p>The rule is that there are 4 years of scholarship. That doesn’t mean it has to be taken in 8 consecutive semesters. :-)</p>
<p>True. My Oliner mentioned last week that there were some 8th semester seniors at Olin this fall, but it was because they had taken a leave to do cool stuff.</p>