For many students, financial aid covers a significant part of their educational costs. Some students need some other options to help pay some or all of the tuition, fees, room and board.
Wilson College realizes that many families are unable to pay the full cost at the beginning of every semester. We offer several options for students and their families.
Interest-free Monthly Payment Plan – The interest-free monthly payment plan is available for 5 months (semester) or up to 12 months (academic year) for Traditional students to pay the outstanding balance not covered by financial aid. The family can arrange for the payments to be automatically deducted from a bank account or a credit card on the 20th of every month. There is a $70 or $85 enrollment fee through Official Payments. More information is available from the Business Office
Payment on Account - Payments may be made on the student's account by debit or credit card (Visa, MasterCard, Discover or American Express) or e-check through a secure site
Federal Parent Loan for Undergraduate Students (PLUS) – A parent with a good credit history may borrow the difference between the student’s cost of education and any awarded financial aid. This federal loan, from a private lending institution, often has lower interest rates and more favorable repayment options than many consumer loans. The process may be started through the Financial Aid Office or online.
Alternative Loans – Students may apply for additional funds through private lenders. If the student does not have a credit history, then a co-signer will be needed. These private loans may also cover non-educational costs such as horse boarding or for non-degree or less than half time enrollment. Repayment options often begin after the student leaves Wilson. Interest rates and minimum loan amounts vary by lender.