As WPI continues to respond to the ongoing COVID-19 pandemic and mental health concerns on campus, the Office of Student Aid & Financial Literacy committed to reviewing the current WPI Institutional Financial Aid Policy.
Earlier this year, our office modified the policy to require that students earn 30 credits in an academic year, rather than 33, to retain merit and need-based institutional financial aid.
For the 2022-2023 academic year, WPI has further updated its Institutional Financial Aid Policy to benefit students, thanks to the hard work of a variety of campus partners who worked with our office.
This policy will be implemented starting in June 2022 when financial aid packages for upper-class students are calculated; aid packages will be based on credits earned in the 2021-2022 academic year. The full policy is linked here and a summary is below:
- A student must pass a minimum of 24 academic credits each academic year (A through D term) to keep the same level of WPI institutional financial aid for the following academic year.
- This reflects a change from the 33 credits WPI previously required, and the 30 credits that WPI required for the 2021-2022 academic year.
- If a student does not pass a minimum of 24 academic credits, their WPI merit-based scholarships will be reviewed, and a percentage of their merit-based scholarship may be reduced.
- Reductions to WPI merit-based scholarships begin at having passed only 21 credits, which results in a 5% decrease in funding.
- WPI merit-based scholarships may continue to be reduced by 5% for every 3 credits not passed.
- If a student has lost a portion of their WPI merit-based scholarship, they may petition to receive their WPI funding by completing the Satisfactory Academic Progress (SAP) Financial Aid Appeal Form.
These revisions to WPI’s Institutional Financial Aid Policy align this policy with both WPI’s federal Satisfactory Academic Progress policy and WPI’s academic good standing policy.
If you have any questions, please email email@example.com or call 508-831-5469.
Director of Student Aid & Financial Literacy