$4,869

Avg. Federal Grant

$5,524

Avg. Federal Loan

$52,144,415

Total Aid Awarded

Wentworth Institute of Technology (WIT) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$52.144M

Financial Aid Official Website

https://wit.edu/admissions-aid/tuition-financial-aid

Among them are scholarship programs such as Arioch Scholarship, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Heriberto Flores Scholarship. It is interesting to note that almost every student at WIT receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $16,954,731. The total percentage of candidates applying to Wentworth Institute of Technology who receive the Federal Grant is 27%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 27% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,913, and the same stands at $1,672 for State Grant awardees and $13,750 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,533. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WIT, an estimated number of 75% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

15%

Institution Grant Aid

99%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,869

State Grant Aid

$1,872

Institution Grant Aid

$13,260

Pell Grant

$4,656

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,101

$30,001 - $48,000

$20,831

$48,001 - $75,000

$17,469

$75,001 - $110,000

$14,770

Over $110,000

$13,028

Student Loans for Wentworth Institute of Technology (WIT)

Average Loan Amount Average Loan Amount received per year.

$11,183/Year

Students Taking Out Loans

73%

Loan Default Rate

3%

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