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:
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)
“Another appealing aspect to having grandparents is that they do help, to give [your child] a sense of continuity—of his place in the world and in the generations. Not only do grandparents help him intellectually to comprehend that there are parents of parents, but they also aid him in understanding where he fits in the succession of things. Even a very young child can begin to feel a sense of rootedness and history.”
—Lawrence Balter (20th century)