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Wednesday, October 23, 2024

Cost of college went up for all students at the Worcester Polytechnic Institute

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Tuition and fees rose 3.9 percent for 2018-19 at the Worcester Polytechnic Institute, according to recent data from the U.S. Department of Education.

Massachusetts students paid $50,530 to attend the four-year private not-for-profit institution this year – $1,902 more than the $48,628 charged for 2017-18.

Data shows 98 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 1,094 students received grants or scholarships totaling $22.9 million and 593 students took out student loans totaling more than $7.8 million.

Including all undergraduates (6,874), 4,107 students used grants or scholarships totaling $85 million, and 2,327 students took out $16.6 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~2,887$45,590$46,994$48,628$50,53010.8%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Worcester Polytechnic Institute in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants11710%$611,820$5,229
State / local grant or scholarship454%$48,400$1,076
Institutional grants or scholarships1,09497%$22,236,443$20,326
Grant or scholarship aid total1,09497%$22,896,663$20,929
Federal student loans58452%$3,797,572$6,503
Other student loans19617%$4,052,394$20,675
Student loan aid59353%$7,849,966$13,238
Total student aid1,10698%--

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