Davidson meets 100% of students' demonstrated financial need with a combination of grants and student employment. Financial aid packages do not include a loan component.
However, students may take out education loans as a matter of personal financing.
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Federal Stafford Loans
Loans of up to $5,500 for first year undergraduates are made according to the federal eligibility formula. Continuing students may receive up to $6,500 in their second year of enrollment, and up to $7,500 for the junior and senior years.
Origination fees are deducted from each year's loan. Repayment begins six months after the student leaves the college. Interest accrues at a fixed rate of 6.8% on Unsubsidized Stafford Loans; students with high need-based eligibility may qualify for a federal interest subsidy.
Additional information about Federal Stafford Loans is published in The Student Guide, available from the U.S. Department of Education.
Possible Loan Options
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Loans