What Amount of Financial Aid is Offered?
$37,611 is the typical Worcester Polytechnic Institute's freshman financial aid plan. About 99.0% of new students receive some financial aid, the majority of which is scholarships and grants.
Loans are included in the umbrella of 'financial aid', but the only true discount off of the expense of college is a scholarship or grant that you don't need to repay.
We feel that loan debt really should be considered to be an "outcome" and not "aid". Read more about student loan debt at WPI.
How Much Aid Is Available in Scholarships & Grants?
The following numbers refer to scholarships and grants primarily provided by Worcester Polytechnic Institute.
99.0% of freshmen (1,257 total) were offered scholarships at Worcester Polytechnic Institute, averaging $24,005 a piece. This puts it in the top 20th percentile of all schools in the nation.
As well as scholarships, 12.0% of first year students (151 total) got a federal grant, for about $6,394 a person.
The graph below shows the average amount of scholarship and grant aid given to all freshmen.
Scholarships are merit-based, while grants are need based.
How Financial Need Affects Aid
The below table displays grant and scholarship allocations by income level for first year students getting any kind of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||37.7%||$24,515|
Title IV aid includes loans, grants, or work-study awarded by the federal government typically determined by need. Learn more here.
Scholarships & Grants for All Undergrads Average $22,276
4,345 WPI students obtain grants (this is about 93.0% of the complete student population). The average amount these students obtain is $22,276
Financial Aid Links from Worcester Polytechnic Institute
|Financial Aid Department Website||https://www.wpi.edu/admissions/tuition-aid|
|Net Price Calculator||https://www.wpi.edu/admissions/tuition-aid/financial-need/net-price-calculator|
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