| NEWS
FLASH! |
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
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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. |
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| Please visit the Student
Financial Services website for the following information: |

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General
information |

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Frequently
asked questions |

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Financing
resources |

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Contact
information |
| See also: |
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Financial
aid for international applicants |
How to Apply
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.
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| Office
of Student Financial Services |
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Office
of Admission
Last Modified on
February 13, 2008
Expires on June 30, 2008 |
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| Details of
Wellesley's New Financial Aid Policy |
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The
new plan will eliminate loans for students with the greatest
need, those from families with calculated incomes under $60,000. |
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It
will lower loans by one-third for students from families with
calculated incomes between $60,000 and $100,000. Their required
loans will total no more than $8,600 over four years. |
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Students
from families with higher incomes will continue to benefit
from Wellesley’s low loan packages, which cap the four-year
maximum debt at $12,825. |
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As
always, Wellesley will carefully evaluate each student’s
financial aid application individually, considering many factors
in addition to family income in determining the level of aid
provided. Some of these factors include a family’s medical
expenses, siblings in college and regional differences in costs
of living. |
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