In 2022, tuition for full-time students at Davidson College was $56,550 a year.
In 2022, tuition increased 3.84%–from $54,460 the prior year. Usually, colleges raise tuition about 3% each year.
If this information makes going to college sound impossible, remember, the advertized cost of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is way less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college feel more doable until you're done with college.
Davidson College is a private, religious institution, which means it has the same tuition for residents of North Carolina as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Don't forget to confirm your state's guidelines for how to qualify for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently reside in.
Explore other North Carolina colleges
Tuition at Davidson College is the same for every student.
International students are not eligible for federal financial aid, but should research private or Davidson College-specific grants, scholarships, and other funding opportunities.. International students with need may be eligible for the following types of financial support at Davidson College:
•On-campus jobs •Loans from outsideDavidson College •Athletic Awards •Davidson College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Davidson College.
Room and board at Davidson College is $15,750 a year. This number includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Davidson College's on-campus cafeterias and dining facilities. Students who live off campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of board-only is $7,950.
Board costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges offer resources so that those with financial need to find ways to lower or eliminate these costs.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your estimated cost of transportation. At Davidson College, freshman are allowed to park on campus.
A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area is usually expensive, but there may be more trains, busses and low-cost flight options to actually get to school. Davidson Collegeis located in a suburban setting in North Carolina, near Charlotte.
When creating a budget for college, be sure to factor in the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of the actual cost of attending Davidson College.
What will the cost of attending Davidson College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$15,750|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Davidson College undergrads use financial aid to help pay for school. In 2022, 1,022 of the 1,973 undergrads enrolled received financial aid. Davidson College meets 100% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $53,152 a year. Around 25.7% of Davidson College undergrads take out student loans to cover any remaining costs. Davidson College graduates who have student loans graduate with an average of $21,715 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Davidson College Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Davidson College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Davidson College awarded 1,021 need-based scholarships to students, giving away total of $51.5 million to help students with financial need cover the cost of school. An additional $5.59 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Davidson College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Davidson College was $53,152 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Davidson College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Davidson College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Davidson College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Davidson College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Tuition & Fees
Students Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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