Outside Scholarships
Please note: this information refers to reporting outside scholarships only, not PLUS, Private Loans or 529 plans.
For Veterans Affairs funding questions please see our Student Policies page.
Many students receive outside sources of funding (including Veterans Educational Benefits) to support their college expenses. It is important to notify the WPI Office of Financial Aid if any scholarship funding of this type is received using the Outside Scholarship Reporting Form. Federal regulations require we take outside scholarships into consideration when a student’s eligibility is determined. If a student’s financial aid award must be adjusted due to the receipt of outside scholarships, then the financial aid award will change in the following order:
- Replace any unmet need (i.e. no component of current financial aid award will be reduced)
- Student employment (Federal Work Study and/or Community Service Work Study) will be reduced or eliminated
- WPI Institute loans will be reduced or eliminated
- Federal Direct Subsidized loan will be reduced or completely converted to a Federal Direct Unsubsidized loan
- Very last to be reduced or eliminated is the WPI (need based) Scholarship
Due to funding and allocation amounts, certain loans and Federal Work Study/Community Service Work Study may be put in reversed order.