by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from D&E.
$23,584.00 is the typical Davis & Elkins College’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Davis & Elkins College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by Davis & Elkins College.
98% of incoming freshmen (209 total) were awarded scholarships at Davis & Elkins College, averaging $20,137.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 82% of first-year students (174 total) got federal grant aid, averaging $4,093.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 26.76% | $24,132.00 |
| Income 30k-48k | 15.02% | $27,120.00 |
| Income 48k-75k | 9.86% | $24,248.00 |
| Income 75k-110k | 12.21% | $22,765.00 |
| Income 110k + | 12.21% | $20,921.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
213 D&E undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $23,584.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.