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.
