Sample Aid Awards

Aid packages contain various amounts and types of aid. 

Many factors go into the determination of the family contribution. The amount of loan in the package (if any) is a function of family income and overall financial strength. The following are sample awards illustrating a number of different family situations.

For purposes of illustration, we have held some factors constant. All of the families have two parents, both employed outside the home, and two children, one at Wellesley and one in high school. We hope that you find these examples helpful.

Sample 1:
California family of 4 with income of $39,500

This California student comes from a family with an income of $39,500. They have no assets and live in a rented apartment. The family also has no health insurance.

Costs  
Tuition, fees, room and board $55,114
Books and personal expenses $2,050
Travel $1,150
Student Health Insurance $1,615
Total Costs $59,929
Resources  
Parent Contribution $700
Student Contribution $1,250
Total Resources $1,950
Our Financial Aid Package  
Wellesley and Federal Scholarships $55,879
Work-Study job $2,100
Student Loan $0
Total demonstrated need $57,979
Total aid award $57,979

 

Sample 2
Illinois family of 4 with income of $74,740

This Illinois student comes from a family with an income of $74,740. They have $500 in assets and live in a rented house. 

Costs  
Tuition, fees, room and board $55,114
Books and personal expenses $2,050
Travel $500
Total Costs $57,764
Resources  
Parent Contribution $6,200
Student Contribution $1,250
Total Resources $7,450
Our Financial Aid Package  
Wellesley Scholarship $46,514
Work-Study job $2,100
Student Loan $1,600
Total demonstrated need $50,214
Total aid award $50,214

 

Sample 3

New Jersey family of 4 with income of $100,900

This New Jersey student comes from a family with an income of $100,900. They have $10,000 in assets and $100,500 in home equity.

Costs  
Tuition, fees, room and board $55,114
Books and personal expenses $2,050
Travel $200
Total Costs $57,364
Resources  
Parent Contribution $12,300
Student Contribution $1,250
Total Resources $13,550
Our Financial Aid Package  
Wellesley Scholarship $39,089
Work-Study job $2,100
Student Loan $2,625
Total demonstrated need $43,814
Total aid award $43,814

 

Sample 4
Michigan family of 4 with income of $121,000

This Michigan student comes from a family with an income of $121,000. They have $17,000 in assets. Due to the recession, they've lost equity in their home.  

Costs  
Tuition, fees, room and board $55,114
Books and personal expenses $2,050
Travel $500
Total Costs $57,664
Resources  
Parent Contribution $17,950
Student Contribution $1,750
Total Resources $19,700
Our Financial Aid Package  
Wellesley Scholarship $33,239
Work-Study job $2,100
Student Loan $2,625
Total demonstrated need $37,964
Total aid award $37,964

Please keep in mind that these are sample cases. Each student who applies for financial aid is reviewed on an individual basis. Financial aid packages may differ from those listed above.

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