New Ephs - Family Contribution

How is financial aid determined at Williams?

All aid at Williams is need-based (not merit-based). We meet 100 percent of every student’s demonstrated need.

How does the college determine demonstrated need?

Williams determines need by first establishing the college’s Cost of Attendance and total Family Contribution for each applicant.

  • The Cost of Attendance is equal to all direct and indirect costs associated with attending Williams for the academic year. It includes tuition, fees, room and board (dorm and meal plan), books, travel, and personal expenses such as laundry, personal items, and entertainment.
  • The Family Contribution has two components: the Parent Contribution and the Student Contribution. More information can be found on our Family Contribution page.
    • The determination of the Parent Contribution includes a number of factors, such as income, assets
      (including home equity), household size, and the number of undergraduates enrolled in college.
      Non-custodial parents may also be included in the parent contribution.
    • The Student Contribution consists of a standard amount of your summer job earnings (students are expected to work during the summer) and a portion of the student’s reported assets (savings). In most cases the majority of the Student Contribution will help pay your Williams bill.
  • We then use this calculation: Williams Cost of Attendance minus your Family Contribution equals demonstrated financial need (Cost of Attendance – Family Contribution = Need).

 

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