Financing Your Graduate Education at Wentworth

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Graduate students who meet eligibility requirements may apply for federal student aid. To qualify for federal student aid, you are required to complete the Free Application for Federal Student Aid (FAFSA). For more information, read the Graduate Financial Aid Guide. Every student at Wentworth has dedicated counselors for both Financial Aid and Billing. They are here to help you determine the best means for financing your degree.

2021-2022 Graduate Tuition

Graduate Federal Student Aid Types

Direct Unsubsidized Stafford Loan 

Unsubsidized (the student pays all the interest, although the payments can be deferred until after graduation) Direct Stafford loans have annual and aggregate loan limits.  The annual loan limit is $20,500.  The aggregate loan limit (including Stafford loans borrowed as an Undergraduate) is $138,500. 

  • Interest Rate 4.30% 
  • Origination Fee 1.057% 

Understand how interest is calculated and what fees are associated with your federal student loan.

Direct PLUS Loans 

Graduate Direct PLUS loans are federal loans available to help fill the gap between your expenses. 

(Cost of Attendance) and your financial aid package. These are available to students pursuing a Graduate degree.  They are credit-based and an application is required.  (Don't confuse this with a Parent Plus Loan.  As a Graduate student, your parent is no longer eligible to apply for this loan.) 

  • Interest Rate 5.30% 
  • Origination Fee 4.228% 

*Rates and fees as of October 1, 2020.  Subject to change for the 2021-2022 aid year. 

Understand how interest is calculated and what fees are associated with your federal student loan.

Learn more about Direct PLUS Loans on the Financial Aid TV site

Graduate Scholarships

All full-time graduate applicants are reviewed for a Merit Scholarship. An additional application is not required. 

Alumni Excellence Scholarship

The Alumni Excellence scholarship helps Wentworth alumni with a 20% tuition discount to finance their graduate education. Alumni with GPA 3.0 and above who are admitted to a graduate program will automatically qualify for a 20% tuition discount scholarship, and alumni with less than 3.0 GPA’s will be considered on a case-by-case basis.

Alumni Impact Scholarship

The Alumni Impact scholarship will help Wentworth alumni who have had tremendous professional accomplishments and growth in their field of study after their time at Wentworth. Examples are impactful positions in the community, starting a business that supports underrepresented populations, etc. This scholarship will help with up to a 20% tuition scholarship for their graduate education and applies to all qualifying graduate degrees and certificates at the university.

Women’s Leadership Award

The Women’s Leadership award will help prospective students who are women and are leaders in their fields with up to a 20% tuition scholarship for their graduate education and applies to all qualifying graduate degrees and certificates at the university. These awards will be based both on GPA and professional experience, and accomplishments.

Diversity Scholarships

The Diversity Scholarships will help prospective students of color and underrepresented populations with up to a 20% tuition scholarship for their graduate education and applies to all qualifying graduate degrees and certificates at the university.

Please note:

• Scholarships cannot be combined. Applicants will be awarded just one of the awards in the suite even if they qualify for more than one.

• If a student is offered another grant or aid from the university, they will only receive the scholarship of higher value.

• This only applies to incoming students starting in Fall 2020 and future terms.

• A separate application is not required for consideration of these scholarships. Alumni who will have completed an associate’s, bachelor’s, or graduate degree from Wentworth are automatically considered for the scholarships when they are admitted into a graduate program or certificate.

Graduate Fellowships

Wentworth Institute of Technology now offers Graduate Fellowships opportunities. These allow students to work for the university while studying to earn an additional $4200 over the academic year. The work will consist of approximately 10hrs/week, with the positions varying from studio/lab fellows, research fellows, teaching fellows, and tutors. These opportunities are a great way to earn money to finance your studies and are an excellent opportunity to enhance your resume for your future employment. These positions are limited. Admitted students will be invited to apply if their program qualifies and still has open positions available. Once awarded, the Graduate Fellowship positions are renewable for the length of your program, not to exceed two academic years, provided you are enrolled as a full-time student, you are in good academic and conduct standing, and you meet the minimum academic standards set by the program

Frequently Asked Questions

Answers to commonly asked questions about financial aid for graduate students.

  • What is the FAFSA? 
    1. The Free Application for Federal Student Aid, or FAFSA, is a form that can be prepared annually by current and prospective college graduate students in the United States to determine their eligibility for student financial aid. It is free and available online FAFSA

  • Am I eligible for federal aid? 

    In order to be eligible for any of the Federal Aid programs a student must: 

    • be admitted to an eligible program 
    • be a US citizen or Eligible Non-Citizen 
    • be registered with Selective Service if you are a male between the ages of 18 and 25 
    • not owe a refund on a grant or be in default status on any federal student loan 
    • not have borrowed in excess of the annual aggregate loan limits 
    • be enrolled at least half time (6 credits) for Federal Direct loans per semester 
    • maintain Satisfactory Academic Progress (SAP) 

  • How is filling out the FAFSA different for graduate students? 

    Graduate students at Wentworth are considered independent students thus they do not need to provide parental data on the FAFSA. 

    Also, they will need to check the box 6 for Question 29: 1st year college graduate/professional and box 8 for Question 30: College graduate or professional degree 

    FAFSA question snapshot 

  • How is Financial Aid different for graduate students?

    Once they have completed a bachelor’s degree, graduate students are no longer eligible for any federal grant funds including the Federal Pell and SEOG grants nor are they eligible for the Federal Subsidized Stafford loans. 

    Graduate students are eligible for Federal Unsubsidized Stafford loans up to $20,500 per academic year.  They may also apply for a Federal Graduate PLUS loan. 

    Graduate students must be enrolled at least half-time (6 or more credits) per semester to be eligible for the loans. 

  • Is there any additional Wentworth funding for graduate students? 

    If you are graduating from a full-time undergraduate program at Wentworth  directly preceding your attendance as a full-time graduate student, under most circumstances, the merit scholarship received as an undergraduate will remain during your graduate program.  

    For example, as an undergraduate in Construction Management a student received a $10,000 merit scholarship.  If that student is graduating with a BS in Construction Management in August 2021 and begins a MS in Project Management program in September 2021, providing they attend full-time and maintain a 3.0 cumulative GPA, they will continue to receive that $10,000 merit scholarship. 

    Full-time students coming from outside of Wentworth may also qualify for merit scholarship funding.  Merit is awarded at the time of Admission. 

Schedule a Financial Aid Appointment

The Wentworth Financial Aid Office is pleased to offer you guidance on understanding your financial aid package and payment options. These one-on-one meetings are designed to discuss the financial aid process and scholarships as well as answer any questions that you might have. Please check back for future dates to be added soon!

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