Hello everyone. I'm heavily considering applying to WPI, but I'm a bit stressed about the financial aspect. Does anyone know how generous WPI is with financial aid? Also, is the aid need-based, merit-based, or a mix of both?
WPI, or Worcester Polytechnic Institute, does offer both need-based and merit-based aid. In terms of need-based aid, the amount varies based on your financial situation, and for this reason, it's crucial to fill out your FAFSA as accurately as possible. This form is used to determine your eligibility for both federal and institutional need-based aid. Your SAI, or Student Aid Index, which is calculated from the FAFSA, will be used by the WPI Financial Aid Office to identify your potential financial aid award.
In relation to merit-based aid, WPI offers several scholarships that reward academic achievement and potential. Here are a few examples:
1. The Presidential Scholarships: Awarded based on the strength of your application, this scholarship ranges from $20,000 to $28,000 annually.
2. The National Merit Scholarship: WPI sponsors this for finalists who have designated WPI as their first-choice college.
Application for most of WPI's scholarships is automatic when you apply to the institute, and they are renewed annually, provided you maintain satisfactory academic progress.
Keep in mind that while WPI does offer generous aid, it's always a good idea to apply to several schools and compare the financial aid packages offered by each as aid awards can vary quite a bit between institutions.
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