Why was the Great Minds Scholars Program Created?
Under the Federal Pell Grant Program, eligible students with significant financial need can defray the cost of post-secondary education through federal grants.
Introduced in the 1970s, Pell grants once covered roughly 75 percent of the costs of attending a public four-year college or university, giving a significant boost to students from low-income households in their quest to obtain a college degree. That figure has dropped to around 30 percent today.
Even with need- and merit-based awards from universities added on top of Pell grants, Pell-eligible students are often left with a gap between the cost of attendance and available aid.
The Great Minds Scholars also support WPI’s commitment to the American Talent Initiative. The initiative, made up of a consortium of institutions, focuses on increasing educational opportunity for talented low-income students by graduating an additional 50,000 qualified students in the top 270 U.S. colleges and universities by 2025.