how generous is wellesley on financial aid?

college_query
Wed, 25 Sep 2013 07:13:49 +0000

tenth2014, we had a similar strategy with our kids - low income and both applied ED to schools that meet 100% of need. D graduated from Wellesley this past spring.

Yes, if you apply ED and the financial aid isn’t sufficient, you can decline, but ED will not allow you to compare offers.

Wellesley is generous, but they use their own institutional methodology instead of the federal methodology for determining need. Things that may impact your determination of need: if parents are divorced, both parents’ income will be considered, not just the custodial parent. Other items I’ve heard can reduce your need: if your family owns a business, if a parent has large retirement savings, or high equity in a home. If you have any of these financial situations it might be a good idea to discuss how they impact your determination of need with Financial Aid before you apply ED.

Good luck!