Wellesley increases financial aid; boosts grants, reduces or eliminates loans.

Wellesley College announced today [2-7-08] a new initiative in its financial aid policies, replacing loans with grants for students from families who have calculated annual incomes below $60,000 and reducing loans by one-third for those with incomes between $60,000 and $100,000. [Read more.]

See also Financial Aid Policy FAQs

"This new [financial aid] policy is a sound investment of our resources and consistent with our institutional commitment of making a Wellesley education accessible and affordable for students regardless of their financial situations." - H. Kim Bottomly, Wellesley College President

Investing in Your Education

Wellesley College is committed to giving every student the opportunity to afford a first-class education. Our need-blind admission policy means that your financial circumstance will have no impact on our decision to admit you. This policy applies to all U.S. citizens and permanent residents. In addition, we guarantee to meet 100 percent of your need as determined by our financial aid policies. We award no merit scholarships, but our policy on outside merit scholarships enables students to maximize the benefits of those awards.

The Wellesley Office of Student Financial Services is committed to working closely with you and your family to address your questions and needs with regards to financial aid.

A professional staff member from the Office of Student Financial Services will carefully assess your family's ability to contribute to the cost of your education. Then we will form a partnership with you and your parents to develop a financing plan that will make possible a Wellesley College education. If you do not qualify for aid but still need help in meeting college costs, Wellesley has a variety of payment plans and financing options. The plans will help you and your family schedule payments and assist you in finding other sources of funds to apply to your education.