by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Davis & Elkins College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can D&E deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Davis & Elkins College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Davis & Elkins College, 100% of first-time, full-time freshmen received some form of financial aid roughly 237 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,575 |
| Institutional grants & scholarships | 100% | $21,465 |
| Federal Pell grants | 41% | $5,738 |
| State/local grants | 33% | $4,775 |
| Federal student loans | 59% | $5,410 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 99% of undergraduates were awarded grant or scholarship aid averaging $25,493 (for some 678 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $25,493 |
| Federal Pell grants | 43% | $5,542 |
| Federal student loans | 63% | $6,412 |
On-campus students receiving title-IV aid were awarded grants averaging $26,615.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,929 |
| $30,001 – $75,000 | $17,440 |
| Over $75,000 | $22,225 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,273 |
| Off-campus title-IV students | $19,428 |
For an estimate tailored to your family circumstances, see D&E’s net price tool: www.dewv.edu/admissions/afford/financial-aid/calculator/.
A typical borrower at D&E leaves with $17,057 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,057 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at D&E.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $5,525 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,367 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,459 |
| Middle income | $16,668 |
| High income | $17,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,375 |
| Continuing-generation students | $15,374 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $14,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. D&E.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at D&E:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3996 |
| Total Stafford loan amount | $69,225,365 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $205,065 |
| Average GI Bill amount per recipient | $22,785 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.