Financing Your Graduate Education at Wentworth

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

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.

Colleges of Fenway (COF) Graduate Scholarship 

The COF Graduate scholarship helps COF students and alumni with up to a 20% tuition discount to finance their graduate education and will apply to all qualifying graduate degrees and certificates at the University. To qualify applicants must be a graduate of a COF institution and be admitted to a master’s program at Wentworth.  

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. Scholarships cannot be stacked.

• These scholarships only apply to incoming students starting in Fall 2022 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.

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