In 2022, tuition for full-time WPI students was $57,960 a year.
Tuition increased 3.5% in 2023–from $56,000 the previous year. Usually, college tuition rises about 3% year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make theprice of collegemore manageable until you've finishing school and found a job.
Worcester Polytechnic Institute meets 70% of the demonstrated financial need for undergraduates. First-year students that attend Worcester Polytechnic Institute full-time are awarded $32,525 a year in financial aid, on average.
Worcester Polytechnic Institute is a private institution, so it has the same tuition for students from Massachusetts as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for those who qualify as Massachusetts residents.
Choosing an insitution where you qualify for in-state tuition can save significant money on the cost of tuition, as well as loans and interest owed. Be sure to confirm your state's criteria for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on where you live.
Tuition at Worcester Polytechnic Institute is the same for each student.
International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Worcester Polytechnic Institute-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at Worcester Polytechnic Institute:
•Worcester Polytechnic Institute-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Worcester Polytechnic Institute.
Room and board at Worcester Polytechnic Institute is $18,072 a year. This number includes the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat all or some of your meals the Worcester Polytechnic Institute's on-campus cafeterias and dining halls. Students who do not live on-campus but still want to use the dining facilities can choose to be on a meal plan. The cost of board-only is $9,800.
Board costs may vary depending on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
There may be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer ways so that those with financial need to get help covering these costs.
The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are not allowed to park a car on campus.
A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area can be costly, but cities may offer more trains, busses and low-cost flight options to actually get to school. The Worcester Polytechnic Institute campus is located in a suburb in Massachusetts, near Boston.
When creating a budget for college, don’t forget to factor in the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Worcester Polytechnic Institute.
What will the cost of attending Worcester Polytechnic Institute be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses|
|Room and Board||$18,072|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Worcester Polytechnic Institute undergrads use financial aid to finance their education. In 2023, 2,798 of the 5,273 undergrads enrolled received financial aid. Worcester Polytechnic Institute meets 70% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $32,525 a year.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Worcester Polytechnic Institute-Specific Loans||$6,997|
|Most Common Loans for Worcester Polytechnic Institute Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Worcester Polytechnic Institute financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Worcester Polytechnic Institute awarded 2,790 need-based scholarships to students, giving away total of $81.1 million to help students with financial need cover the cost of school. An additional $55.19 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Worcester Polytechnic Institute students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Worcester Polytechnic Institute was $32,525 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Worcester Polytechnic Institute seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Worcester Polytechnic Institute really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Worcester Polytechnic Institute's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Worcester Polytechnic Institute does not have guaranteed tuition.
Worcester Polytechnic Institute offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
WPI has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2022, the total market value of Worcester Polytechnic Institute's endowment was $589.7 million. The average college endowment was $905 million in 2021.
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