We understand that the process of applying for financial aid either as a new student just applying to college or a returning student can be challenging sometimes. Since financial aid can come from many resources such as WPI itself or the Federal or State governments there are ever changing rules that apply to financial aid so we hope that this page will help assist you with some of the most frequently asked questions.
WPI Student Aid & Financial Literacy Frequently Asked Questions
How do I apply for financial aid at WPI?
Answer: The forms required to apply for financial aid at WPI will vary depending on your applicant type, be it a student just applying to WPI, a returning student or even a graduate student each applicant group may have different forms to complete. To determine which forms you are required to file please visit our Applying for Aid page and then click on the link that applies to you.Last updated: July 21, 2022
I'm applying for aid and my parents are divorced and the Non-Custodial parent application cannot be completed what can I do?
Answer: If you cannot have the Non-Custodial CSS Profile completed by your Non-Custodial parent either due to lack of contact or other personal reasons you can submit the Profile Waiver Request form for Noncustodial Parent which can be found in the Forms for Prospective First Year and Transfer Undergraduate Students on our Forms pageLast updated: July 21, 2022
Will missing Financial Aid documents affect my Admission decision?
Answer: No, WPI Admissions decisions are need blind meaning there is no consideration of the family's financial circumstances taken into consideration during the Admissions review process. The only impact missing aid application materials will have will be a delayed notice of your financial aid award if accepted to WPI. In most cases if all of your Admission and Financial Aid documents are received by their deadlines you will receive your Admission decision and Financial Aid offer at the same time. A delay in our office receiving all financial aid application materials will simply mean you won't receive your aid offer until those documents are received which could be well after you Admission decision has been shared.Last updated: July 21, 2022
My parents are divorced / separated and they share custody, which is considered the Noncustodial Parent?
Answer: General federal aid guidelines state that the parent with which the student lives the most is considered the custodial parent and that is the parent that should be filing the FAFSA. If the parents state that the student lives with each parent an exact equal amount of time in a year then the next measure is which parent provides more financial support for the student, therefore if time is equally split between both parents then the parent providing the most financial support would be the custodial parent and the parent that shoudl be filling out the FAFSA.
WPI also requires the CSS Profile application for financial aid. We require a CSS Profile from both the Custodial and Noncustodial parent.Last updated: July 21, 2022
I want to decline some of the loans or work study in my offer, how do I do that?
Answer: There is an online process that allows you to reduce or completely decline items in your financial aid offer.
This page gives you step by step guidelines on how to access and use the online award reduction formLast updated: July 21, 2022
I'm a newly accepted student, how do I accept my financial aid offer?
Answer: WPI use what is considered passive acceptance of your financial aid offer. In other words we assume you want to keep all of the aid that was outlined in your offer, you do not need to take any additional steps unless you reduce or decline parts of your award by following the steps listed in the FAQ above.
If you are accepting your federal or institutional loans you will be sent information during the summer on how to complete your loan documents.Last updated: July 21, 2022
I received notification that I'm eligible for a MA Grant (or VT or PA Grant) why isn't it in my award?
Answer: State grant programs including Massachusetts, Vermont, and Pennsylvania, notify students of eligibility in late spring but generally do not send rosters of eligible students to the school until close to the end of the summer. Our office will not award State Grant funds until we have received and certified the rosters sent to us by the particular State as there are sometimes changes that delay or eliminate funding before the student appears on a roster.Last updated: July 21, 2022
I'm a returning student (rising SO, JR or SR) what do I need to do to apply for aid and when will I receive my offer?
Answer: Students that will be returning to WPI for the next academic year only need to file a FAFSA for the next academic year. The FAFSA for the next academic year is usually available around the first week of October. The FAFSA is not due to our office until April 15 of the current academic year.
Financial aid offers for returning students are not sent until the first week of July each year. The awarding process cannot start until all grades have been posted after the end of D Term as as student's academic standing may affect their financial aid.
For more information about applying for aid as a returning student please visit the Applying for Aid Returning Undergraduate Student pageLast updated: July 21, 2022