OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Davidson College Financial Aid and Scholarships 2022

Davidson College, which is located in Davidson, NC is a private, Presbyterian Church (USA) university. Davidson College covers an area of 2 km2. The foundation of Davidson College was laid down in the year 1837. Keeping the pursuit of research, innovation, and excellence at the center, Davidson College has been imparting quality education to its students. The motto of the varsity is Alenda Lux Ubi Orta Libertas (Latin) and its official colors are black and red. At Davidson College, the total

Davidson College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$52.814M

Financial Aid Official Website

www.davidson.edu/admission-and-financial-aid/financial-aid

It is interesting to note that, every year, around 72% of students at DC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,300,551. For additional information about financial assistance schemes, one can head over to DC’s financial aid page at http://www.davidson.edu/admission-and-financial-aid/financial-aid. At DC, the total percentage of applicants who receive the Federal Grant stands at 15%. Meanwhile, 68% of the applicants receive the Student Grant and 67% are awarded the Institution Grant, while 15% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,323, the State Grant receivers and Institution Grant beneficiaries get $5,054 and $39,648, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,484. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $58,055 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $56,230, while those falling in the $48,001-$75,000 income category get $51,473 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $47,511. And, for those with a family income of more than $110,000, the amount stands at $27,697. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At DC, an estimated number of 17% of the applicants choose to go for student loans.

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#N/A

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