One important point about this school that's kind of lost in the mission statement is this: "little or no cost".

Every student accepted to Olin is given a $130,000 scholarship to the school. That covers both tuition and room. The actual cost to the student is about 7,000 dollars a year, most of which goes to covering food, the required laptop and travel expenses.

Olin is also closely tied to the surrounding schools, including Babson College, Brandeis University and Wellesley, allowing Olin students access to a broad range of liberal arts courses, as well as the world class engineering faculty.

The second class (2007) was just admitted, and it looks like about 90% of them are are going to matriculate there. This would give Olin the highest rate in the country by a substantial margin.