Wavemaker Fellowship

The Wavemaker Fellowship provides a financial incentive for graduates pursuing a career or starting a business in Rhode Island in healthcare, science, technology, engineering, math, design,and other key sectors, by defraying student loan payments for up to four years.

The program offers qualifying individuals a refundable Tax Credit Certificate worth the value of their annual student loan burden for up to four years. In addition to the financial benefit, Fellows are invited to participate in various personal and professional development programs, social and professional networking opportunities, community-based events and more.

Full eligible occupation list

Amount Awarded

Pending eligibility (reviewed in 12-month intervals post-acceptance), Fellows can receive tax credits for up to four years equal to the Fellow’s annual loan repayment expenses up to the following caps:

$6,000 for a Fellow with a Master's degree or higher

$4,000 for a Fellow with a Bachelor’s degree

$1,000 for a Fellow with an Associate’s degree

Required Documentation

Employer Verification Form

Academic Transcript

Current Resume

12 Months of Individual Statements from all lenders

12 Months of Payment History

More information