<p>Wellesley’s Cost of Attendance (COA) is summed up nicely here: [Cost</a> of Attendance at Wellesley](<a href=“http://www.wellesley.edu/admission/financialaid/cost.html]Cost”>http://www.wellesley.edu/admission/financialaid/cost.html) </p>
<p>So, Wellesley’s COA - Expected Family Contribution (EFC) = total financial need</p>
<p>In other words, Wellesley’s COA - EFC = Wellesley’s financial award = grants + (loans) + job earnings</p>
<p>As you can see, Wellesley’s financial aid award takes into account the cost of attendance. Your financial aid is credited to your student account, so it applies to things the school can directly bill you for (tuition, fees, room, and board).</p>
<p>By the way, if you have federal work study or Wellesley student work your wages are paid to you. You may use your job earnings as you see fit, but you may have to buy textbooks/ your plane ticket home if your parents cannot or will not pay for it.</p>
<p>Wellesley Student Financial Services has more info here: [Understanding</a> Financial Aid](<a href=“http://www.wellesley.edu/SFS/UnderstandingFinAid.html]Understanding”>http://www.wellesley.edu/SFS/UnderstandingFinAid.html) and here: [Determining</a> Financial Need at Wellesley](<a href=“http://www.wellesley.edu/admission/financialaid/need.html]Determining”>http://www.wellesley.edu/admission/financialaid/need.html)</p>