$5,554

Avg. Federal Grant

$5,946

Avg. Federal Loan

$15,273,774

Total Aid Awarded

Wells College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$15.274M

Financial Aid Official Website

https://www.wells.edu/financial-aid

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,719,311. Notably, a total of 86% of the applicants to Wells College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 50% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $3,313, while the same comes to $3,051 for State Grant receivers and $30,070 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,786. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 86% of the applicants to Wells College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

57%

Institution Grant Aid

100%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$5,554

State Grant Aid

$3,126

Institution Grant Aid

$28,476

Pell Grant

$4,774

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$37,332

$30,001 - $48,000

$37,412

$48,001 - $75,000

$34,553

$75,001 - $110,000

$32,301

Over $110,000

$24,820

Student Loans for Wells College

Average Loan Amount Average Loan Amount received per year.

$7,825/Year

Students Taking Out Loans

87%

Loan Default Rate

6.9%

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