Outside Scholarships

Please note: this informations refers to reporting outside scholarships only, not PLUS or Private Loans or 529 plans.

Many students receive outside sources of funding (including Veterans Educational Benefits) to support their college expenses. It is important to notify the WPI Office of Financial Aid if any scholarship funding of this type is received using the Outside Scholarship Reporting Form. Federal regulations require we take outside scholarships into consideration when a student’s eligibility is determined. If a student’s financial aid award must be adjusted due to the receipt of outside scholarships, then the financial aid award will change in the following order:

  1. Replace any unmet need (i.e. no component of current financial aid award will be reduced)
  2. Student employment (Federal Work Study and/or Community Service Work Study) will be reduced or eliminated
  3. Federal Perkins loan or WPI Institute loans will be reduced or eliminated
  4. Federal Direct Subsidized Stafford loan will be reduced or completely converted to a Federal Direct Unsubsidized Stafford loan
  5. Very last to be reduced or eliminated is the WPI (need based) Scholarship

Due to funding and allocation amounts, the Federal Perkins Loan and Federal Work Study/Community Service Work Study may be put in reversed order.

Outside scholarship checks should be mailed to:
WPI Bursar's Office
100 Institute Road
Worcester, MA 01609

Please do not mail scholarship checks to the lockbox.

If the donor requests verification of enrollment, please submit a written request to:
WPI Office of the Registrar
100 Institute Road
Worcester, MA 01609

You will receive a revised financial aid award listing your outside scholarships and any adjustments to your existing financial aid award. If the outside scholarship donor sends the full amount of the scholarship, the WPI Bursar’s Office will apply the full amount to that semester.

Please list your outside scholarships on the Outside Scholarship Reporting Form. If you are notified of additional scholarships/grants after submitting this worksheet, please contact the WPI Office of Financial Aid. If you are not receiving any outside scholarships, there is no need to complete this form.

 
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