Wellesley College Financial Aid and Scholarships
Students Receiving Aid
55%
Total Aid Amount
$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.
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