Sample Aid Awards

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 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 awards:

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: $66,984
Books & personal expenses: $2,050
Travel*: $1,200
Total costs: $70,234

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

TOTAL FINANCIAL NEED
(Total costs minus total resources): $68,284

OUR FINANCIAL AID PACKAGE
Wellesley scholarship: $66,184
Work-Study job: $2,100
Student loan: $0

TOTAL AID AWARD: $68,284

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: $66,984
Books & personal expenses: $2,050
Travel*: $500
Total Costs: $69,534 

RESOURCES 
Parental contribution: $6,200
Student’s contribution: $1,950
Total resources: $8,150

TOTAL FINANCIAL NEED
(Total costs minus total resources) $61,384

OUR FINANCIAL AID PACKAGE
Wellesley scholarship: $57,484
Work-Study job: $2,100
Student loan: $1,800

TOTAL AID AWARD: $61,384

* 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: $66,984
Books & personal expenses: $2,050
Travel*: $100
Total costs: $69,134 

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

TOTAL FINANCIAL NEED
(Total costs minus total resources) $52,184

OUR FINANCIAL AID PACKAGE
Wellesley scholarship: $47,084
Work-Study job: $2,100
Student loan: $3,000

TOTAL AID AWARD: $52,184

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.