Davidson College Financial Aid and Scholarships
Students Receiving Aid
75%
Total Aid Amount
$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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