Financial Aid at WPI
Financial Aid Amount Received
$27,715 (47.08% of tuition)
Percent of Financial Aid Received
94% of 5,246 students
4,918 undergraduate students (94% of all students) have received grants, scholarships, and/or federal student loans at Worcester Polytechnic Institute. The percentage of students who received financial aid much higher compared to Private (not-for-profit), 4-Years Colleges in Massachusetts.
Compared to similar schools in rankings such as Brandeis University and Saint Louis University, the percentage of students who received financial aid is much higher (the average of the schools is 75.80%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $27,715 and the average loan amount is $6,392. The average financial aid amount is 47.08% of tuition & fees (tuition & fees: $58,870).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 4,918 | 94% | $136,304,761 | $27,715 |
| Pell Grants | 540 | 10% | $2,691,811 | $4,985 |
| Federal Students Loans | 2,632 | 50% | $16,822,822 | $6,392 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 1,352 students have received one or more types of financial aid at Worcester Polytechnic Institute.
The average amount of federal, state, local or institutional grant aid is $27,059 and the average amount of student loans awarded to full-time first-time undergraduate students is $14,168.
The following table shows the financial data by type of aid at Worcester Polytechnic Institute.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 1,355 | 96% | - | - |
| Grant or scholarship aid | 1,352 | 96% | $36,583,302 | $27,059 |
| Federal Grants | 148 | 10% | $996,641 | $6,734 |
| Pell Grants | 148 | 10% | $737,641 | $4,984 |
| Other Federal Grants | 131 | 9% | $259,000 | $1,977 |
| State/Local Grants | 53 | 4% | $107,114 | $2,021 |
| Institutional Grants | 1,351 | 96% | $35,479,547 | $26,262 |
| Student Loans | 774 | 55% | $10,966,277 | $14,168 |
| Federal Student Loans | 752 | 53% | $4,006,732 | $5,328 |
| Other Student Loans | 450 | 32% | $6,959,545 | $15,466 |