How WPI's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Worcester Polytechnic Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 4,255, which is 93.22 % of all undergraduate students. 2,471 students which is 54.33% of undergraduate students received federal student loans and the average loan amount is $6,897.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,795 (92%)	$20,582	608 (15%)	$4,073	2,395 (58%)	$7,287
2014-15	3,879 (92%)	$19,876	578 (14%)	$4,254	2,407 (57%)	$7,277
2015-16	4,032 (94%)	$19,474	574 (13%)	$4,136	2,520 (59%)	$7,662
2016-17	4,097 (92%)	$20,077	539 (12%)	$4,115	2,498 (56%)	$6,978
2017-18	4,107 (93%)	$20,699	514 (12%)	$4,228	2,327 (52%)	$7,143
2018-19	4,345 (93%)	$22,276	519 (11%)	$4,553	2,465 (53%)	$6,446
2019-20	4,465 (94%)	$22,993	461 (10%)	$4,744	2,515 (53%)	$6,469
2020-21	4,656 (95%)	$25,201	464 (9%)	$4,669	2,477 (51%)	$6,421
2021-22	4,918 (94%)	$27,715	540 (10%)	$4,985	2,632 (50%)	$6,392
Average	4,255 (93.22%)	$22,099	533 (11.78%)	$4,417	2,471 (54.33%)	$6,897

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 1,158 (97.67 % of students) received grants or scholarships and its average amount is $22,267. It can cover 37.82% of tuition & fees ($58,870).

In addition, 682 (57.67 % of students) students get helped from the students loans (average amount : $12,615).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,079 (98%)	$20,360	675 (61%)	$10,761
2014-15	1,019 (97%)	$20,152	613 (58%)	$11,065
2015-16	1,079 (99%)	$20,258	651 (60%)	$11,104
2016-17	1,072 (96%)	$19,515	649 (58%)	$11,216
2017-18	1,094 (97%)	$20,929	593 (53%)	$13,238
2018-19	1,261 (99%)	$24,774	765 (60%)	$12,837
2019-20	1,191 (99%)	$23,536	702 (59%)	$14,589
2020-21	1,271 (98%)	$23,821	713 (55%)	$14,559
2021-22	1,352 (96%)	$27,059	774 (55%)	$14,168
Average	1,158 (97.67%)	$22,267	682 (57.67%)	$12,615

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 136 (11.44 % of students) received Pell (federal) grants and its average amount is $4,319.

In addition, 73 students received State/local government grants/scholarships (6.11 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	157 (14%)	$4,036	107 (10%)	$2,963	79 (7%)	$1,361	1,079 (98%)	$19,379
2014-15	129 (12%)	$4,240	96 (9%)	$3,047	65 (6%)	$2,200	1,017 (96%)	$19,225
2015-16	149 (14%)	$3,959	116 (11%)	$2,525	114 (10%)	$2,234	1,078 (99%)	$19,222
2016-17	132 (12%)	$4,043	89 (8%)	$2,461	92 (8%)	$1,805	1,072 (96%)	$18,659
2017-18	117 (10%)	$3,962	76 (7%)	$1,952	45 (4%)	$1,076	1,094 (97%)	$20,326
2018-19	150 (12%)	$4,464	96 (8%)	$3,083	87 (7%)	$1,141	1,257 (99%)	$24,005
2019-20	111 (9%)	$4,628	87 (7%)	$1,977	63 (5%)	$1,381	1,191 (99%)	$22,887
2020-21	131 (10%)	$4,556	113 (9%)	$1,938	58 (4%)	$1,875	1,269 (98%)	$23,130
2021-22	148 (10%)	$4,984	131 (9%)	$1,977	53 (4%)	$2,021	1,351 (96%)	$26,262
Average	136 (11.44%)	$4,319	101 (8.67%)	$2,436	73 (6.11%)	$1,677	1,156 (97.56%)	$21,455

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 682 (57.67 % of students) get any students loan help and its average loan amount is $682.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	675 (61%)	$10,761	667 (60%)	$7,263	140 (13%)	$17,282
2014-15	613 (58%)	$11,065	607 (58%)	$7,109	121 (11%)	$20,396
2015-16	651 (60%)	$11,104	645 (59%)	$7,140	120 (11%)	$21,862
2016-17	649 (58%)	$11,216	649 (58%)	$6,445	142 (13%)	$21,807
2017-18	593 (53%)	$13,238	584 (52%)	$6,503	196 (17%)	$20,675
2018-19	765 (60%)	$12,837	748 (59%)	$5,335	458 (36%)	$12,729
2019-20	702 (59%)	$14,589	682 (57%)	$5,318	482 (40%)	$13,723
2020-21	713 (55%)	$14,559	661 (51%)	$5,212	500 (39%)	$13,871
2021-22	774 (55%)	$14,168	752 (53%)	$5,328	450 (32%)	$15,466
Average	682 (57.67%)	$12,615	666 (56.33%)	$6,184	290 (23.56%)	$17,535

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Scholarships, Grants, and Loan Trends at WPI

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time