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1.
Academic plan where one takes more than five years to complete a college degree.
"Yeah, so I'm on my 7th year here at State. I'm on the Van Wilder plan, like that guy from the National Lampoon movie."
by Greybush January 23, 2008
 
2.
Vanwilder plan - spending 7 or more years getting a 4 year degree in school
student 1: My parents are cutting me off brah brah
student 2: why?
student 1: Cause I'm on the VanWilder plan dude
student 2: HaHa nice, you've been in school the better part of a decade, why not stay in for another few years and become a doctor?
student 1: Nah F-it. Want to get high?
student 2: no doubt