<p>I have to make a decision whether or not to attend Wellesley by May 1. I really would like to attend but I got a letter saying that I "do not qualify for financial aid." Does this include loans, or is this only grants? Thanks so much!</p>
<p>Well, you yourself can take out unsubsidized Stafford loans up to the maximums ($5500 for freshman year). And your parents can apply for PLUS loans (US government) or co-sign MEFA loans (state of Massachusetts) for you. Even if you are not deemed eligible for need-based aid, these other loan programs are still available to you.</p>
<p>And you can also apply for private loans.</p>