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 income is $40,000.
- Family B: Family income is $75,000.
- Family C: Family income is $100,000.
Family AFamily 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. | Family BTheir family income is $75,000. They have $500 in assets and live in a rented house. The student will be traveling from the Midwest. | Family CTheir 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. |
CostsTuition, room & meal plan, fee: $88,200Books & personal expenses: $2,050 Travel*: $1,200 Total costs: $91,450 | CostsTuition, room & meal plan, fee: $88,200Books & personal expenses: $2,050 Travel*: $500 Total Costs: $90,750 | CostsTuition, room & meal plan, fee: $88,200Books & personal expenses: $2,050 Travel*: $100 Total costs: $90,350 |
ResourcesParental contribution:$0 Student’s contribution: $1,950 Total resources: $1,950 | ResourcesParental contribution: $6,200Student’s contribution: $1,950 Total resources: $8,150 | ResourcesParental contribution: $15,000Student’s contribution: $1,950 Total resources: $16,950 |
Total financial need(Total costs minus total resources) $89,500 | Total financial need(Total costs minus total resources) $82,600 | Total financial need(Total costs minus total resources) $73,400 |
Our Financial Aid PackageWellesley Grant: $87,400Work-Study job: $2,100 Student loan: $0 | Our Financial Aid PackageWellesley Grant: $80,500Work-Study job: $2,100 Student Loan: $0 | Our Financial Aid PackageWellesley Grant: $68,300Work-Study job: $2,100 Student loan: $3,000 |
Total Aid Offered: $89,500 | Total Aid Offered: $82,600* Transportation allowances vary by state | Total Aid Offered: $73,400 |
* 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.
Student Financial Services
106 Central Street
Wellesley, MA 02481