Student Loans

Williams has one of the most generous financial aid programs in the country, and our graduates’ loan burdens are among the lowest, even lower than at many schools with “no-loan” policies. Among the class of 2017, 35 percent of students borrowed from federal, institutional and private loan programs; their average cumulative debt was $16,230.

See also parent loans »

Federal Student Loans

Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans.

With subsidized loans, which are need-based, the loan principal is deferred, and the government pays the interest on the loan while you’re a student.

With unsubsidized loans, which are not need-based, the loan principal is deferred while you’re in school, but you must pay the interest on the loan quarterly or have it added to the principal amount.

Federal Direct Loan


Previously known as the Stafford loan. More »

Other Loans

Williams Student Loans

Awarded in standard aid packages to non-U.S. students. Also available to non-U.S. financial aid recipients for the purchase of a computer (maximum of $2,500) and/or to replace the campus job opportunity for students who are studying abroad.

Interest Rate & Repayment:
  • 5% fixed interest
  • Ten-year repayment beginning nine months after graduation
  • Deferments are granted while you are in college and for graduate or professional study or for any reason that will cause the borrower economic hardship

Computer Loan

You may obtain a student loan once for the purchase of a computer (excluding non-computer items/accessories, such as iPods, carriers, etc.). The loan may not exceed your loan eligibility and cannot exceed $2,500. The loan is subject to the same terms and conditions that apply to student loans borrowed for any other purpose. You are encouraged to apply for a computer loan after you arrive on campus in August or September and have assessed your computing needs. Visit the Forms & Resources page for more information.