Sample Aid Offers

Sample Aid Offers: 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 offers illustrating three 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.

See three sample family aid offers:

Family A

Family A Their family income is $40,000. They have no assets and live in a rented apartment. The student will be traveling from the West Coast.

COSTS
Tuition, room & meal plan, fee: $81,000
Books & personal expenses: $2,050
Travel*: $1,150
Total costs: $84,200

RESOURCES
Parental contribution: $0
Student’s contribution: $1,950
Total resources: $1,950

TOTAL FINANCIAL NEED
(Total costs minus total resources): $82,250

OUR FINANCIAL AID PACKAGE
Wellesley Grant: $80,150
Work-Study job: $2,100
Student loan: $0

TOTAL AID OFFERED: $82,250

Family B

Their family income is $75,000. They have $500 in assets and live in a rented house. The student will be traveling from the Midwest.

COSTS
Tuition, room & meal plan, fee: $81,000
Books & personal expenses: $2,050
Travel*: $550
Total Costs: $83,600 

RESOURCES 
Parental contribution: $6,500
Student’s contribution: $1,950
Total resources: $8,450

TOTAL FINANCIAL NEED
(Total costs minus total resources) $75,150

OUR FINANCIAL AID PACKAGE
Wellesley Grant: $73,050
Work-Study job: $2,100
Student Loan: $0

 

TOTAL AID OFFERED: $75,150

* Transportation allowances vary by state

Family C

Their family income is $100,000. They have $10,000 in assets and $100,000 of home equity. The student will be traveling from the East Coast.

COSTS 
Tuition, room & meal plan, fee: $81,000
Books & personal expenses: $2,050
Travel*: $100
Total costs: $83,150

RESOURCES
Parental contribution: $15,000
Student’s contribution: $1,950
Total resources: $16,950

TOTAL FINANCIAL NEED
(Total costs minus total resources) $66,200

OUR FINANCIAL AID PACKAGE
Wellesley Grant: $61,100
Work-Study job: $2,100
Student loan: $3,000

TOTAL AID OFFERED: $66,200

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.