$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%

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