Wellesley College Increases Student Financial Aid

Wellesley College, the selective college for women in Massachusetts, has joined the growing list of high-ranking colleges that have increased their financial aid offerings. All students from families with incomes below $60,000 will have their student loans replaced with scholarship grants. About 30 percent of Wellesley students come from families with incomes below $60,000.

Students on financial aid from families with incomes between $60,000 and $100,000 will have their debt load reduced by one third. For all students on financial aid, there will be a four-year cap of $12,825 for total debt incurred while at Wellesley.

The new financial aid program at Wellesley will bring the college’s total budget for student assistance to about $40 million.

Blacks make up 5 percent of the student body at Wellesley College.