Wentworth Institute of Technology's financial aid award is offered as a
"package" which can consist of a combination of scholarships, grants,
loans and employment. By following the application procedures, you
will be considered for all aid which you qualify for. You will be
notified of your eligibility in the form of an award letter, which will
clearly outline the types and amounts of each program you are eligible
for. You may be offered assistance from one or more of the
programs below.
Merit Award Scholarship: Wentworth offers merit-based scholarships
in addition to need-based aid. All applicants are
automatically considered for Merit Awards - no additional application is
necessary. Merit Scholarships ranged from $1000 to $7000 for the
entering class of Fall 2008. The Merit evaluation is determined by
the Admissions Office and begins in mid-January. The scholarship may be renewed for up to five
years, depending on the length of the recipient’s bachelor’s degree
program. Recipients must be enrolled full-time and maintain a 2.5
institutional cumulative GPA.
President’s Scholarship: This scholarship is awarded each year to
a premier group of incoming students chosen by Wentworth’s Scholarship
Committee. Recipients have demonstrated excellent academic
achievement and active involvement in both their school and extended
communities. Fall 2007 President's Scholars had an average SAT
score of 1828 total (Critical Reading, Math and Writing).
President's scholarships are awarded at $11,000 and may be renewed for up to five years (depending
on the length of the student's bachelor's degree program), provided the
student is enrolled full-time and maintains a 2.5 grade point
average.
Application information.
Arioch Scholarship:
This scholarship is awarded each year to a premier group of incoming
students chosen by Wentworth’s Scholarship Committee. Recipients
have demonstrated excellent academic achievement and active involvement
in both their school and extended communities. Fall 2007 Arioch
Scholars had an average SAT score of 1831 total (Critical
Reading, Math and Writing). The Arioch Scholarship of $13,000 is renewable for up to five years
(depending on the length of the student's bachelor's degree program),
provided the student is enrolled full-time, lives on campus and
maintains a 2.5 grade point average.
Application information.
Wentworth Community Scholarship: Eligibility for this scholarship
is determined by Wentworth’s Community Scholarship Committee. It is open
to returning students who show a significant commitment to the Wentworth
Community through involvement in social, administrative, charitable and
athletic activities. An eligible student must have completed four
semesters and been enrolled full-time while maintaining an institutional
cumulative GPA of 3.0 or
better. Interested students should send a letter documenting their
activities to the Community Scholarship Committee c/o the Student Service
Center.
Recipients must re-apply every year.
National Commission for
Cooperative Education National Co-op Scholarship Program:
Applicants who have been accepted to Wentworth by February 15, 2008 are
eligible to apply for one of twenty NCCE scholarships of $5000 each. These
awards are renewable up to $20,000 to $25,000 per program and
institution criteria. For the application and
information on this scholarship,
click here.
Institutional
Scholarships: Wentworth will also offer additional scholarships
to qualified individuals based
on specific criteria (e.g. geographic location, intended major, etc).
Federal Pell Grant: Eligibility for this grant is determined by
criteria set by the federal government. The award amount will decrease if
a student is not enrolled full-time. This financial aid award is a grant
and does not need to be repaid.
Academic Competitiveness Grant (ACG):
This federal grant program is designed to assist first and second-year
students who have passed a rigorous course of study during their high
school tenure. The qualifications for that course of study are
determined by either their home state or the federal
government. Recipients must be awarded a Pell grant, be U.S.
citizens and have completed less than 63 undergraduate course
credits. Second year recipients must maintain a 3.0 GPA to remain
eligible.
National Science and Mathematics Access to Retain Talent
Grant (SMART):
This federal grant program is awarded to students in an eligible
technology or language related academic program. Recipients must
maintain above a 3.0 program GPA. This award is given to third and
fourth-year students that have completed between 64 and 130 course
credits. Eligible students must also be U.S. citizens and Pell grant
recipients.
Federal Supplemental Educational Opportunity Grant (SEOG): This
need-based grant does not need to be repaid. The award amount decreases if
the recipient is not enrolled full- time. Priority is given to Pell Grant
Recipients.
Mass Grant and other State Scholarships: (www.osfa.mass.edu)
Eligibility for these grants is
determined by each state. State grants will not be awarded until the
school receives a roster from the state agency. Mass Grant recipients must be enrolled full time;
they and their parents must be Massachusetts resident.
Gilbert Grant: This need-based state grant does not need to be
repaid. To be eligible, students and parents must be Massachusetts state
residents and the student must be enrolled full time.
Federal Work-Study: This federal need-based work program allows
students to work on and off campus. Students are notified at the beginning
of the school year how to apply for positions and are paid for the hours
they have worked every two weeks. This award is not deducted from
students’ bills; the funds are paid directly to the student.
Click here for job listings.
FFELP Subsidized and Unsubsidized Stafford Loan: (www.amsa.com/direct)
Students must be enrolled at least half-time (at least six credits per
semester) to be eligible for these federal loans. The loan is
borrowed under the student’s name through an outside lender as part of
the Federal Family Education Loan Program (FFELP). Due to changes in federal
regulations, all Stafford loans with a first disbursement after July 1,
2006 will have a fixed interest rate of 6.8 percent. It also
carries a 2 percent origination fee and a 1 percent guarantee fee.
No payments are required while the student is enrolled at least
half-time, and no interest will accrue on the Subsidized loan while the student is in school.
Interest will accrue on the Unsubsidized loan and students can either
choose to pay the interest while they are in school or defer it. After the student leaves school there is a six-month grace period when
no payments are required and no interest accrues. If your award includes
either of these loans a promissory note will be available online.
First-time FFELP borrowers are required to complete an entrance counseling
session, which details the borrower’s rights and responsibilities.
Federal Perkins Loan: The student borrows this federal need-based
loan, which has a fixed interest rate of 5 percent. A minimum enrollment
of half time (at least six credits per semester) is required. No payments
are required and no interest will accrue while the student is enrolled at
least half-time. After the student leaves school, there is a nine-month
grace period during which no payments are required and no interest
accrues. If your award includes this loan, a promissory note will be
mailed to you. Be sure to complete the note and return it to the SSC. First-time borrowers are required to complete an entrance
counseling session, which details the borrower’s rights and
responsibilities.
Alternative Financing Options: Several alternative financing
options are available, including payment plans and loans. There are a
variety of programs available, each having its own terms and eligibility
requirements. Please click here
or ask your financial aid counselor for more information.
Outside/Private
Scholarships: There are many scholarships students can apply for to
help supplement the cost of their educational expenses. Student research
and initiative is required to locate and apply for these programs. Please
be aware that you should never pay for a scholarship search.
Click here for a listing of links that
may be of assistance.
Financing Assistance for
International Students:
Click here for additional resources available to
international students.
