Student Loans for Williams College Students
About Williams College
Williams College is located in the Berkshires of Massachusetts. Established in 1793, Williams is a prestigious private residential college that specializes in liberal arts. In 1970, the college embraced co-education and is now considered one of the top liberal arts colleges in the country, boasting an award winning faculty. Furthermore, the student-faculty ratio at Williams College is 7:1, meaning professors are noted for their exceptional teaching, as they have collectively won a number of distinguished awards.
College Financial Aid
Even though it is a private college, Williams provides an extremely generous financial aid program. Williams College financial aid offers 100% financial support to every student who needs it, irrespective of whether they are international students or U.S citizens. Williams’ philosophy, however, is to make sure that only the best of the best get to study there. The college grants admission to only the most qualified and promising students irrespective of their ability to afford an education at Williams. Each year, the school provides financial assistance to about 75% of its students.
Williams financial aid is distributed among students through a simple formula: the total amount that a student’s family can afford is subtracted from the total cost of his/her education. The remaining amount is then covered by the college. If the student has other siblings studying at Williams, this too is taken into consideration. To apply for Williams College financial aid, students must submit the FAFSA form along with all relevant documents. Interested students should check out www.fafsa.ed.gov for more details.
Private Student Loans and Williams College
Even though Williams College financial aid packages cover 100% of academic expenses for its students, students may still need some additional funding. If this is the case, then private student loans are a good alternative source of funding. These loans are easy to obtain; however, they have higher interest rates and are more difficult to pay off than federal loans. A Student Loan Comparison Tool is available on this page for your convenience so that you can compare different private student loans in order to choose the one that suits you best.
There are two components to expected family contribution: parent contribution and student contribution. Parent contribution is calculated based on a number of factors such as parent’s assets and income, number of children in college, extended unemployment, and unusual medical expenses. The expected contribution from the student is calculated by considering summer earnings, savings, and other assets. The total expected family contribution is the sum of these two contributions.
What is the application procedure for Williams College financial aid?
The application procedure for Williams College financial aid requires students to fill out two forms: the FAFSA (Free Application for Federal Student Aid) form along with the CSS Financial Aid Profile. Students must also submit their family’s federal tax information through the institute’s documentation service (IDOC). All of these forms must be submitted before the deadline date, as failure to do so may result in some of the aid options becoming inaccessible.
Pay for Williams College*
|Total Avg. Cost||$54,921|
|Room & Board||$10,906|
|Financial Aid Information|
|Students Receiving Fin Aid||58%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$4,812|
|%Receiving Other Loans||2%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics