Loans

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.

Click here for our lender list with comparative borrower benefits.

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