We are committed to making a Davidson education affordable. Financial aid packages typically include a combination of grants, scholarships, and student employment. You and your family must apply each year.
Financial Aid Applications
We evaluate each need-based financial aid application according to these guiding principles:
- You and your family have the primary responsibility for college costs, to the extent of your ability.
- Your ability may be determined through assessment of your CSS PROFILE and Free Application for Federal Student Aid (FAFSA).
- Financial need is the estimated annual cost of attending Davidson minus your family's estimated annual contribution.
- In determining the "number in college" for awarding Davidson's grant funds, only siblings who are seeking their first undergraduate degree will be considered. Siblings in graduate school or who are pursuing an additional undergraduate degree will not be counted as a family member in college.
Complete the required forms listed on the Financial Aid Forms page.
You may also be requested to submit:
- Noncustodial parent PROFILE (if biological or adoptive parents are divorced or separated).
- Business/Farm Supplement (if parents own a business and/or a farm).
- Corporate/partnership tax return (if parents file this type of return).
We receive PROFILE and FAFSA data electronically. You do not need to submit copies of these forms to this office.
Additionally, when you file your PROFILE you will receive an email from the College Board explaining how to submit your tax returns and other forms that may be required.
Financial Aid Forms
A complete list of forms and worksheets are available on the Financial Aid Forms page.
Need-based financial aid is available for transfer students. Students who intend to apply must submit aid application materials in conjunction with their admission application. Merit scholarships are not offered.
Outside Scholarships Policy
Students must report all outside scholarships or resources received from organizations or agencies to the Office of Financial Aid. The combination of federal, state, Davidson financial aid and outside scholarships and resources may not exceed the Cost of Attendance. Outside scholarship funds and resources will first reduce or replace Student Employment eligibility ($2,100), and the remainder of the scholarship will then reduce the Expected Family Contribution by up to a maximum of $2,900, annually. Any scholarship or resource in excess of $5,000 will result in the reduction of Davidson College awarded financial aid. This treatment will be applied each year the scholarship or resources is renewed up to a maximum of four years or eight semesters. Students are responsible for completing the Outside Scholarship form and returning it to the Office of Financial Aid by June 1. Please use the official name of the scholarship or awarding organization.
Davidson requires all students to have personal health insurance. Students already covered by a family health insurance plan may be exempted from Davidson’s plan by submitting an online waiver verifying coverage. Not all health insurance plans are transferable; you must confirm coverage in Davidson, North Carolina with your current insurance provider. Students not covered by a family health insurance plan will be enrolled in Davidson's Insurance Plan.
The Work-Study award represents approximately 7-8 hours of work per week. Students remaining in their jobs from year to year see an increase in their hourly pay rate. The amount of the Work-Study award will not be deducted from your bill, but will be paid bi-weekly as work is performed throughout the semester.
Not all students will qualify for Work-Study, but there are opportunities for students to work, if they choose to do so, through the Student Employment Office. Learn more about the Work-Study program.
Students receiving federal, state and institutional funding in their financial aid awards must be enrolled on a full-time basis and must attain minimum grade-point and course completion requirements.
Deadlines for Early Decision Students
Early Decision Plan I
By Nov. 15: Submit the CSS PROFILE and FAFSA.
By Dec. 1: Submit signed copies of the federal income tax returns (include all forms, schedules and W-2 forms) to the College Board's IDOC Service.
By late December: Tentative Financial Aid decision letters are mailed to admitted Early Decision I need based applicants.
Early Decision Plan II
By Jan. 6: Submit the CSS PROFILE and FAFSA.
By Jan. 15: Submit signed copies of the federal income tax returns (include all forms, schedules and W-2 forms) to the College Board's IDOC Service.
By late January - Mid-February: Tentative Financial Aid decision letters are mailed to admitted Early Decision II need-based applicants.
Deadlines for Regular Decision Students
By Jan. 11: Submit the CSS PROFILE and FAFSA.
By Jan. 25: Submit signed copies of the federal income tax returns (include all forms, schedules and W-2 forms) to the College Board's IDOC Service.
March and April: Tentative Financial Aid decision letters are sent to all on-time applicants.
May 1: National Candidates Reply Date. Send your deposit to the college of your choice!
Deadlines for Transfer Students
By November 1: Submit the CSS PROFILE, the FAFSA as well as submit signed copies of the Federal Income Tax Returns (include all Forms, Schedules and W-2 Forms) to the College Board's IDOC Service.
Late November: Tentative Financial Aid decision letters are sent to all on-time applicants.
By March 15: Submit the CSS PROFILE, the FAFSA as well as submit signed copies of the Federal Income Tax Returns (include all Forms, Schedules and W-2 Forms) to the College Board's IDOC Service.
May: Tentative Financial Aid decision letters are sent to all on-time applicants.
Families who file aid application materials after the published deadlines are subject to a reduction in the college grant portion of the award. This grant reduction will be in the form of a student loan ranging from $3,500 - $5,500, depending upon the student's grade level.