The time period in which a student’s academic work must be completed. Williams follows a “4-1-4” pattern consisting of fall semester, month-long Winter Study, and spring semester. Financial aid is based on the academic year and evaluated annually.

Wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return. Used by the Federal Methodology to determine eligibility for Pell grants and other forms of federal financial aid.

An official document, issued by the financial aid office, describing a student’s full financial aid eligibility for the academic year. This letter includes the student and parent contributions, the cost of attendance, and the amounts and types of financial aid available to the student. Financial aid award letters may be revised at the discretion of [..]

Unique to Williams, the book grant covers the actual cost of required textbooks, course packets, and studio art fees for all students receiving financial aid.

The person who assumes legal obligations for the repayment of the loan principal plus interest. In the case of a Federal Perkins Loan, Federal Direct Loan, or Williams Loan, the borrower is the student. In the case of the Federal Direct Parent PLUS Loan, the borrower is the parent.

The college administrator whose office manages billing and payment. The student account and the term bill are both administered by the Bursar’s Office. All financial aid funds are sent to the Bursar’s Office for disbursement into each student’s account.

An estimate of the total costs for an academic year at Williams. COA includes tuition and fees; room and board; and allowances for books, travel costs, and personal expenses. After subtracting the expected parent contribution and student contribution, financial aid covers the remaining cost of attendance.

The amount remaining in a student’s account after payment of all billed charges. See Disbursement.

This application must be completed by all students who wish to be considered for institutional financial aid at Williams. Apply online at the CSS PROFILE website.

The IRS Data Retrieval Tool allows students and parents to access the IRS tax return information needed to complete the Free Application for Federal Student Aid (FAFSA), and transfer the data directly into their FAFSA from the IRS web site. The Data Retrieval Tool is one of two options to satisfy the federal verification requirement (the other opti [..]