Yes. All families may take advantage of a 10-month payment plan, or apply for long term loans from the federal government or independent lenders.

The Williams 10-Month Payment Plan allows families to pay the bill in ten equal monthly payments from June to March, rather than twice a year before each term begins. All families are eligible. There is an administrative fee of $50 but no interest charges. The monthly payment will be the annual cost, less all grants and loans credited to the student account, divided by ten.

None of the parent loan programs have income restrictions on eligibility; however, a credit check is performed. Parents generally may borrow an amount up to the annual cost of attendance less all financial aid received.

All federal loans for Williams families (PLUS for parents, Stafford for students), are direct loans, meaning the loans are applied for and received directly through Williams, rather than through a bank or other lender.

The Federal Direct Parent Loan for Undergraduate Students (PLUS) is a federally insured loan program that enables parents to borrow directly through Williams. The interest rate is fixed (7.9% in 2008-09). There is an origination fee of 4% and a rebate of 1.5% is returned for assumed on-time repayment. Repayment begins within 60 days of disbursement and can span up to 10 years.