In March 2007, Davidson became the first college in the country to replace loans with grants in all of its financial aid packages.
Press Releases
January 2008
New Name for No-Loan Policy: The Davidson Trust
President Tom Ross has announced that Davidson’s new program of debt-free education will be named The Davidson Trust. June 2007
Duke Endowment Gift Will Help Davidson Students Avoid Student Loan Debt
The Duke Endowment has pledged $15 million to help Davidson College achieve its most significant reaffirmation of purpose in decades—eliminating loans from student financial aid packages.
March 2007
Davidson’s New Financial Aid Policy Eliminates Student Loan Debt
Beginning in August 2007, Davidson students will have their demonstrated financial need funded entirely through grants and student employment, and can graduate debt-free.
Media Coverage
NPR Morning Edition
Davidson College Dropping Student Loans
Inside Higher Ed.com
Davidson Eliminates All Loans
Bloomberg
Davidson, Copying Ivies, to Eliminate Student Loans
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