Costs for 2009-2010 Academic Year
| Tuition | $39,250 |
|---|---|
| Fees | $240 |
| Room | $5,280 |
| Board | $5,110 |
| TOTAL | $49,880 |
The Williams College Board of Trustees set costs for the next academic year at their April meeting.
The College charges do not include costs for travel, books, or personal expenses. In calculating a student's budget the Office of Financial Aid estimates the costs of books and personal expenses at $2,000. Travel costs are determined individually, based on location of your home and it includes two round trips home.
To estimate what the family's contribution might be, please use our Williams College Calculator.
Parent Loans & Payment Plans
10-Month Payment Plan
Williams College offers a 10-Month Payment Plan through TMS.
MEFA Loan
Administered by the Massachusetts Educational Financing Authority (MEFA). Available to families of students attending Massachusetts colleges and universities.
For the 2009-2010 academic year MEFA offers two choices:
- Immediate repayment with a fixed rate is 7.75% (APR 8.43%).
- A 4.00% origination fee is added to the amount borrowed.
- Repay the loan over 15 years.
- Deferred repayment until after graduation with a fixed rate of 8.89% (APR 8.66% - 9.52%).
- A 4.00% origination fee is added to the amount borrowed.
- Repay the loan over 15 years, beginning after student graduates from Williams.
For more information please visit the MEFA website.
Federal Direct Plus Loan
Williams is a participant in the Federal Direct Loan Program. As a result we use the U.S. Governement as our lender; we do not accept PLUS Loan applications from private sources.
- Fixed rate is 7.90%. The interest rate can be reduced by .25% if the borrower enrolls in the Automatic Monthly Payment service.
- A 4.00% origination fee is deducted from the loan at disbursement. There is an up-front rebate of 1.50% for assumed on-time repayment of the loan. Therefore, the total amount deducted is 2.50%.
- For loans disbursed after July 1, 2008, payment can be deferred while the student is enrolled as at least a half-time student but the interest must be paid quarterly or it will be added to the principal of the loan. Parent borrower must request this option from the Direct Loan Servicer after the loan has been applied to the student's account.
- To apply please complete the PLUS Loan Pre-Application
- 2009-2010 - we will not begin processing 09-10 loans until mid-June
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