by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Wellesley College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Wellesley deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Wellesley College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Wellesley College, 63% of first-time, full-time freshmen received some form of financial aid around 358 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $64,116 |
| Institutional grants & scholarships | 54% | $61,140 |
| Federal Pell grants | 22% | $6,046 |
| State/local grants | 3% | $4,050 |
| Federal student loans | 17% | $3,820 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, around 56% of the undergraduate population received grant aid that averaged $62,320 (covering around 1353 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $62,320 |
| Federal Pell grants | 21% | $6,047 |
| Federal student loans | 16% | $4,719 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $60,794.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,965 |
| $30,001 – $75,000 | $9,135 |
| Over $75,000 | $43,566 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,496 |
| Off-campus title-IV students | $25,008 |
To get a personalized net price estimate, try Wellesley’s online cost calculator: npc.collegeboard.org/student/app/wellesley.
Graduating students at Wellesley carry a median federal student debt of $8,700 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,700 |
| Median federal debt (graduates only) | $10,000 |
| Typical 10-year monthly payment (graduates) | $106.02/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Wellesley.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,634 |
| 25th percentile | $5,204 |
| 75th percentile | $15,000 |
| 90th percentile (highest-debt students) | $21,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,468 |
| Middle income | $7,000 |
| High income | $10,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,145 |
| Continuing-generation students | $10,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,700 |
| Independent students | $6,297 |
These indicators are derived from the underlying debt data and summarize the overall picture at Wellesley.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Wellesley:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3025 |
| Total Stafford loan amount | $28,728,535 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $178,399 |
| Average GI Bill amount per recipient | $25,486 |
References
More about our data sources and methodologies.