by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Davidson College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Davidson offer you, and what will you qualify for? Keep reading for more information. Scroll down to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Davidson College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Davidson College, 70% of first-time, full-time freshmen received some form of financial aid some 364 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $51,755 |
| Institutional grants & scholarships | 65% | $49,504 |
| Federal Pell grants | 19% | $5,670 |
| State/local grants | 6% | $6,996 |
| Federal student loans | 8% | $4,961 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Davidson, about 67% of undergraduates were awarded an average grant or scholarship of $51,049 (for some 1275 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $51,049 |
| Federal Pell grants | 18% | $5,626 |
| Federal student loans | 9% | $6,068 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $62,096.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,455 |
| $30,001 – $75,000 | $5,684 |
| Over $75,000 | $36,457 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,379 |
| Off-campus title-IV students | $18,127 |
To project your own net price, use Davidson’s net price calculator: davidson.studentaidcalculator.com/survey.aspx.
The middle student in the debt distribution at Davidson owes $16,511 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,511 |
| Median federal debt (graduates only) | $18,688 |
| Typical 10-year monthly payment (graduates) | $198.12/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Davidson.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $7,500 |
| 75th percentile | $24,049 |
| 90th percentile (highest-debt students) | $27,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,657 |
| Middle income | $17,500 |
| High income | $17,479 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,600 |
| Continuing-generation students | $16,873 |
These indicators are derived from the underlying debt data and summarize the overall picture at Davidson.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Davidson:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1774 |
| Total Stafford loan amount | $24,378,342 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $185,942 |
| Average GI Bill amount per recipient | $37,188 |
References
More about our data sources and methodologies.