$5,953

Avg. Federal Grant

$3,611

Avg. Federal Loan

$65,004,640

Total Aid Awarded

Wellesley College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$65.005M

Financial Aid Official Website

www.wellesley.edu/admission/finaid

Among them are scholarship programs such as Alice Freeman Palmer Fellowship, Anne Louise Barrett Fellowship, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. It is interesting to note that, every year, around 66% of students at WC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,607,441. One can visit WC's financial aid page at http://www.wellesley.edu/admission/finaid for more information. Notably, a total of 23% of the applicants to Wellesley College receive the Federal Grant every year. On the other hand, 57% of the candidates get the Student Grant, 57% receive the Institution Grant, and 23% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,753, the State Grant receivers and Institution Grant beneficiaries get $1,703 and $49,896, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,884. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $57,762 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $56,018, while those falling in the $48,001-$75,000 income category get $53,816 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $43,886. And, for those with a family income of more than $110,000, the amount stands at $22,482. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At WC, an estimated number of 30% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

3%

Institution Grant Aid

56%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$5,953

State Grant Aid

$1,150

Institution Grant Aid

$46,248

Pell Grant

$4,889

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$62,609

$30,001 - $48,000

$65,001

$48,001 - $75,000

$61,100

$75,001 - $110,000

$49,050

Over $110,000

$27,269

Student Loans for Wellesley College

Average Loan Amount Average Loan Amount received per year.

$5,536/Year

Students Taking Out Loans

26%

Loan Default Rate

2.3%

Other Colleges In Massachusetts

Assumption College
Assumption College

Worcester, Massachusetts

Bridgewater State University
Bridgewater State University

Bridgewater, Massachusetts

Worcester State University
Worcester State University

Worcester, Massachusetts

Other Colleges In Wellesley

Babson College
Babson College

Wellesley, Massachusetts

Other Private not-for-profit Colleges

Independence University
Independence University

Salt Lake City, Utah