Financial Aid
On 19 March 2007, Davidson College announced that all students would have their demonstrated financial need met by grants and student employment; loans would no longer be a component of any Davidson financial aid package. On 7 June 2007, the Duke Endowment pledged $15,000,000 to support the initiative. In March 2008, the initiative was named The Davidson Trust.
In addition to not including loans in their financial aid packages, Davidson recently completed a capital campaign adding 156 new scholarships funded with $88 million. Davidson states that they are committed to providing 100% of demonstrated need of all students, with 44% of students receiving need-based aid and over 50% receiving some form of financial aid.
Read more about this topic: Davidson College
Famous quotes containing the words financial and/or aid:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Furniture! Thank God, I can sit and I can stand without the aid of a furniture warehouse.”
—Henry David Thoreau (1817–1862)