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.
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Famous quotes containing the words financial and/or aid:
“Because of these convictions, I made a personal decision in the 1964 Presidential campaign to make education a fundamental issue and to put it high on the nation’s agenda. I proposed to act on my belief that regardless of a family’s financial condition, education should be available to every child in the United States—as much education as he could absorb.”
—Lyndon Baines Johnson (1908–1973)
“Frustrate a Frenchman, he will drink himself to death; an Irishman, he will die of angry hypertension; a Dane, he will shoot himself; an American, he will get drunk, shoot you, then establish a million dollar aid program for your relatives. Then he will die of an ulcer.”
—Stanley Rudin. The New York Times (August 22, 1963)