The Franklin W. Olin College of Engineering (colloquially Olin College or simply Olin) is a private undergraduate engineering college located in Needham, Massachusetts (near Boston), adjacent to the Babson College campus. Olin College is noted in the engineering community for its youth, small size, project-based curriculum, and large endowment funded primarily by the F. W. Olin Foundation. The College currently awards the half-tuition Olin Scholarship to each admitted student. Olin's degree programs in Electrical/Computer Engineering, Mechanical Engineering, and Engineering received accreditation from the Engineering Accreditation Commission of Accreditation Board for Engineering and Technology (ABET) on August 31, 2007.