by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Wentworth Institute of Technology can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does WIT provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Wentworth Institute of Technology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Wentworth Institute of Technology, 100% of first-time, full-time freshmen received some form of financial aid (about 978 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,444 |
| Institutional grants & scholarships | 100% | $23,341 |
| Federal Pell grants | 28% | $5,314 |
| State/local grants | 20% | $2,831 |
| Federal student loans | 63% | $5,349 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At WIT, about 92% of undergraduates were awarded an average grant or scholarship of $21,697 (across approximately 3497 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $21,697 |
| Federal Pell grants | 23% | $5,427 |
| Federal student loans | 55% | $6,449 |
For students living on campus and receiving title-IV aid, grants averaged $26,926.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,870 |
| $30,001 – $75,000 | $31,258 |
| Over $75,000 | $36,217 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $34,170 |
| Off-campus title-IV students | $34,170 |
For a customized cost estimate, visit WIT’s net price calculator: wit.studentaidcalculator.com/survey.aspx.
The median federal debt load at WIT comes to $18,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $25,028 |
| Typical 10-year monthly payment (graduates) | $265.34/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at WIT.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $19,000 |
| High income | $18,186 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $17,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $19,532 |
The figure below distills the debt data into a single burden category for WIT.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at WIT:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12511 |
| Total Stafford loan amount | $201,000,842 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 47 |
| Total GI Bill amount | $928,659 |
| Average GI Bill amount per recipient | $19,759 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $6,250 |
| Average DoD amount per recipient | $2,083 |
References
More about our data sources and methodologies.