Financial Aid Information
Specific information about obtaining financial aid is available through the Office of Student Aid & Financial Literacy.
Anticipated Credits/Financial Aid
Financial Aid will be posted as anticipated disbursements on your student account and listed under 'Anticipated Payments' on any On Demand statement you generate. At times there could be a delay in timing for updates/changes to your account, specifically for aid changes so please check the student portal for your current award package.
Financial aid listed on your student account as On Demand statement as anticipated aid. It will be credited to your account upon completion of appropriate WPI award documents. In the event that requirements are not complete, the Financial Aid may be canceled and the student will be responsible for any outstanding balance due immediately. A hold and or late fee may also be placed on your account. All aid is applied to the student account and is allocated to charges due. No refund will be issued until all the funds are received and a credit is available. No refunds are issued if the student has Financial Aid and the Nelnet Payment Plan unless all payments from Nelnet have been received and the account has a credit balance.
Title IV Authorization
Title IV funds are federal student aid funds, such as Federal Direct Student Loans, Pell Grants, which are from federal student aid programs administered by the U.S. Department of Education. The U.S. Department of Education regulations only allow schools to use your Federal Student Aid to pay for current academic year institutional charges unless you have granted permission to apply these funds to non-institutional charges. You may be asked at the time of requesting a charge to be added to your student account for this authorization or in the event you are charged a non-institutional charge, such as a late fee, you may receive a request for authorization via email.
Rescind Federal Authorization
In compliance with Student Financial Agreement and Federal Title IV Authorization - I will email email@example.com my student ID, first and last name and written communication to rescind said agreement. The agreement is effective at the time of submission to the Bursar's Office.
Students receiving scholarship awards from outside sources may only deduct award amounts paid directly to WPI in the current semester. Credit will be given upon receipt of funds from the grantor. Please see our Outside Scholarship page for details and instructions. Students utilizing funding through Veterans Affairs will be given an estimated amount expected to be received, any payment due minus this estimated amount is due by the semester due date. Please see our Student Policies and the Registrar's Office Veterans page for more details.
Estimated Financial Aid
Students receiving state scholarships, approved Stafford Direct Student Loans, or PELL Grants must complete the appropriate documents with WPI before a credit will be given.