Undergraduate Students New to WPI
Information for Undergraduate Students New to WPI
The Office of Financial Aid welcomes you to WPI!
This information will assist you in making a smooth financial transition to your first-year experience at WPI, ensuring that your financial aid is posted to your student account in a timely manner.
Reporting Outside Scholarships
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| If you have any outside scholarship(s), you–the student–must report these funds to our office. | June 21 | Outside Scholarship Reporting Form | Outside Scholarship Policy |
Reducing/Declining Financial Aid
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| If you have any financial aid funding that you wish to reduce or decline, please notify our office by completing and submitting the Award Reduction Form which you can access via a link in your digital financial aid award letter found in the portal. Remember to click on "current student portal". | June 21 |
Document
|
WPI assumes that you will accept all sources of financial aid funds offered in your letter unless this form is completed and submitted to our office via the link in your financial aid award letter to decline or reduce any funds. Please see the instructions in the form linked to the left. |
Billing: General Information
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| Review WPI's Bursar's Office website for valuable information on when the electronic billing statement will be sent, along with other useful guidance. | June 21 | Bursar's Office Website | Should an unexpected injury or sudden illness occur, consider tuition insurance to supplement and strengthen our tuition charge adjustment schedule. |
Billing: Monthly Installment Payment Plans
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| An optional, interest-free monthly installment payment plan through Workday is available. | Varies, but fall plans start in June | Payment Plans | Bursar's Office: Payment Information |
Student Direct Loan Requirements
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| If you have any Direct Loans (Subsidized and/or Unsubsidized) in your financial aid award, you–the student–must complete both Entrance Counseling and a Loan Agreement (Master Promissory Note). | July 15 | Master Promissory Note Entrance Counseling |
Direct PLUS Loan Application Information
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| If you are a dependent student and your parent or stepparent (on the FAFSA) is interested in borrowing the federal Direct PLUS Loan, your parent can apply for a PLUS Loan and Complete a Loan Agreement (Master Promissory Note). | July 15 | Direct PLUS Loan |
Private Education Loans
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| If you and/or your family are interested in applying for a private education loan, you and/or your family may research your options and apply directly with any lender of your choice. | July 15 | Loans & Financing Options | ELM Select Website |
Requirements to Maintain Federal and some State Aid
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| If you have federal (Title IV) and some sources of state financial aid funds, you must maintain Federal Financial Aid Satisfactory Academic Progress (SAP) in order to remain eligible for federal and some sources of state financial aid. | July 15 | Federal Financial Aid Satisfactory Academic Progress | Federal Financial Aid SAP Policy |
Award Conditions and Notes
| Your Action Needed | Recommended Deadline | Where to Go | More Information & Directions |
|---|---|---|---|
| Read our Award Conditions and Notes. | July 15 | Award Conditions and Notes | Familiarize yourself with the specific funds in your financial aid notice, their criteria and conditions. |