$4,909

Avg. Federal Grant

$4,973

Avg. Federal Loan

$15,445,738

Total Aid Awarded

Worcester State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$15.446M

Financial Aid Official Website

https://www.worcester.edu/Financial-Aid

Students can avail of scholarships provided by the university, such as Access Scholarship, Achievement and Community Scholarship, Ada Cheever Perry Memorial Scholarship, and Adult Learner Scholarship, if they find educational expenses to be on the higher side. As many as 85% of the students at WSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $16,578,714 in a year. One can visit WSU's financial aid page at https://www.worcester.edu/Financial-Aid for more information. At WSU, the total percentage of applicants who receive the Federal Grant stands at 35%. On the other hand, 68% of the candidates get the Student Grant, 50% receive the Institution Grant, and 35% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,955, the State Grant receivers and Institution Grant beneficiaries get $1,863 and $1,806, respectively. And, for the Pell Grant awardees, the average aid amount is $4,301. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At WSU, an estimated number of 68% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

63%

Institution Grant Aid

43%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,909

State Grant Aid

$1,966

Institution Grant Aid

$1,735

Pell Grant

$4,688

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,788

$30,001 - $48,000

$5,076

$48,001 - $75,000

$2,185

$75,001 - $110,000

$62

Over $110,000

N/A

Student Loans for Worcester State University

Average Loan Amount Average Loan Amount received per year.

$7,237/Year

Students Taking Out Loans

70%

Loan Default Rate

5.9%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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