The Office of Financial Aid Office works closely with students and families to develop a personal and pragmatic plan. Federal loans, grants, work-study programs, and scholarships based on merit all contribute to our efforts to make your Wells education happen.
Financial aid can come from numerous sources—federal or state government, private agencies, and the college itself. Types of financial aid include gift aid, which doesn’t have to be repaid, and self-help aid, loans that you pay back yourself or through work-study. The amount of financial aid is based on your financial need, and aid packages differs for every student.
When you apply for financial aid, your family will be asked to provide information about income, assets, family size, and the number of family members in college. This information is applied to a federal formula that calculates the amount you and your family can afford to pay for educational expenses for one year. Remember, though, that not all financial awards are based on income. Apply even if you don’t think you’ll qualify!
You can apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA) after October 1. Unless your family situation changes, you should expect to receive approximately the same amount of financial aid each year. However, other factors can change, such as federal loan requirements, grants and other variables. Because these changes may make a difference in how much aid you receive, you are required to apply for financial aid every year.
Read through our Financial Aid Information pages to find detailed information related to financing options, the types of aid and their sources, our financial aid policies and requirements, and a number of helpful links, or get in touch with our financial aid office by emailing financial-aid@wells.edu.
