$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%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

Other Colleges In New York

A private university by the name of Sarah Lawrence College is located in Bronxville, NY. Sarah Lawrence College occupies a total area of about 44 acres. The foundation of Sarah Lawrence College was laid down in the year 1926. Sarah Lawrence College believes in imparting education and contributing

Bronxville, New York 4 years Private Not-For-Profit

#N/A

Vestal, New York 4 years Public

#N/A

Long Island City, New York 2 years Public

Other Private not-for-profit Colleges

Independence University is a private university located in Salt Lake City, UT. The Independence University is part of the Center for Excellence in Higher Education group. It was in 1978 when the Independence University was founded. The motto of the Independence University is Education Online for a B

Salt Lake City, Utah 4 years Private Not-For-Profit

The university is a 100% online university. The online programs are designed to be easily incorporated into the busy schedules of working adults and professionals, seeking to gain in-depth knowledge in a particular subject or to expand career opportunities and personal potential.

Irvine, California N/A years Private Not-For-Profit

#N/A

New York, New York 4 years Private Not-For-Profit