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At least when I applied (3 years ago now, obviously), Wellesley did require first semester senior year grades for EE. I'm not quite sure mine got there on time (our semester officially ended on Jan. 21, and I know they weren't sent out to Wellesley until the first week of Feb, and I got my EE likely only a few weeks later), but I know that they were asked for. So, not that low B's are so awful (if you were getting Cs or worse, I would definitely think that was bad), but it does seem less than ideal to have slipped on your grades. The semester is hardly over, though, so focus on improving your grades at least to solid B's or B+s (even if your school does not count pluses and minuses in your GPA (mine didn't), the better grade will show up on your transcript). Basically, don't despair, but don't give up on your grades either!
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