For the academic year 2022-2023, total 1,364 full-time, first-time students (97% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 4,918 students (94% of all students) received grants or scholarships and the average grant amount is $27,715. In addition, 2,632 students received student loans and the average loan amount is $6,392.
Below tables show the number and amount by source of financial aid at Worcester Polytechnic Institute.
For all undergraduate students, total 4,918 students (94% of all students) received grants or scholarships and the average grant amount is $27,715. In addition, 2,632 students received student loans and the average loan amount is $6,392.
Below tables show the number and amount by source of financial aid at Worcester Polytechnic Institute.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 4,918 | 94% | $27,715 |
| Pell Grants | 540 | 10% | $4,985 |
| Federal Student Loans | 2,632 | 50% | $6,392 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 1,364 | 97% | - |
| Grants or Scholarship from All Sources | 1,352 | 96% | $27,059 |
| Federal Grants | 148 | 10% | $6,734 |
| Pell Grants | 148 | 10% | $4,984 |
| Other Federal Grants | 131 | 9% | $1,977 |
| State/Local Grants | 53 | 4% | $2,021 |
| Institutional Grants | 1,351 | 96% | $26,262 |
| Student Loans | 774 | 55% | $14,168 |
| Federal Student Loans | 752 | 53% | $5,328 |
| Other Student Loans | 450 | 32% | $15,466 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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