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Tuition & Financial Aid

Information for Undergraduate Students New to WPI

The Office of Student Aid & Financial Literacy welcomes you to WPI!

This information will assist you in making a smooth financial transition to your first-year experience at WPI, ensuring that your financial aid is posted to your student account in a timely manner.

  • Reporting Outside Scholarships
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    If you have any outside scholarship(s), you–the student–must report these funds to our office.  June 21 Outside Scholarship Reporting Form PDF

     

  • Reducing/Declining Financial Aid
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    If you have any financial aid funding that you wish to reduce or decline, please notify our office by completing and submitting the Award Reduction Form.  June 21 Award Reduction Cancellation Form (PDF) WPI assumes that you will accept all sources of financial aid funds offered in your letter unless this form is completed and emailed to finaid@wpi.edu to decline or reduce any funds.

     

  • Billing: General Information
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    Review WPI's Bursar's Office website for valuable information on when the electronic billing statement will be sent, along with other useful guidance. June 21 Bursar's Office:  New Student Information WPI's Bursar's Office will email fall semester bills to your–the student's–WPI email address in early July 2019.  See the link for details.

     

  • Billing: Monthly Installment Payment Plans
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    An optional, interest-free monthly installment payment plan through Tuition Management Systems (TMS) is available. Varies, but fall plans start in June Payment Plans Bursar's Office: Payment Information
  • Student Direct Loan Requirements
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    If you have any Direct Loans (Subsidized and/or Unsubsidized) in your financial aid award, you–the student–must complete both Entrance Counseling and a Loan Agreement (Master Promissory Note). July 15 Direct Loans PDF
  • Direct PLUS Loan Application Information
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    If you are a dependent student and your parent or stepparent (on the FAFSA) is interested in borrowing the federal Direct PLUS Loan, your parent can apply for a PLUS Loan and Complete a Loan Agreement (Master Promissory Note). July 15 Direct PLUS Loan PDF
  • Private Education Loans
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    If you and/or your family are interested in applying for a private education loan, you and/or your family may research your options and apply directly with any lender of your choice. July 15 Loans & Financing Options ELM Select Website
  • Requirements to Maintain Federal and Some State Aid
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    If you have federal (Title IV) and some sources of state financial aid funds, you must maintain Federal Financial Aid Satisfactory Academic Progress (SAP) in order to remain eligible for federal and some sources of state financial aid. July 15 Federal Financial Aid Satisfactory Academic Progress Federal Financial Aid SAP Policy
  • Award Conditions and Notes
    Your Action Needed Recommended Deadline Where to Go More Information & Directions
    Read our Award Conditions and Notes.  July 15 Award Conditions and Notes Familiarize yourself with the specific funds in your financial aid notice, their criteria and conditions.