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.
Copyright © 2008. The Journal of Blacks in Higher Education. All rights reserved.