| Early decision or regular decision admission to Davidson is offered without  regard to financial circumstances except in the case of international students.  In 2007-08, Davidson students will receive over $18 million in financial  assistance from college sources. These funds are combined with grants and  employment funds from federal, state, and other outside sources to form aid  “packages” for Davidson students. Beginning in August 2007, students’  demonstrated financial need will be funded entirely through grants and student  employment. While most financial aid is designated for students with  demonstrated financial need, Davidson sets aside significant funds for  merit-based scholarships. Students receiving need-based packages are eligible  for merit-based aid. Prospective students who wish to be considered for need-based financial aid  must complete the CSS/Financial Aid PROFILE and the Free Application for Federal  Student Aid (FAFSA). Both forms should be completed online. Financial Aid Policy  Davidson maintains a strong financial aid program to assist students whose  families may not be able to finance the entire cost of a Davidson education.  Determination of a student’s financial need begins with the assumption that the  parents and student have the primary responsibility to meet education costs to  the extent they are able. Once need is established, Davidson makes every effort  to help families meet college expenses through a combination of federal and  state programs and Davidson’s own financial aid funds. Merit-based scholarships are offered to a small number of entering students.  These awards are made without regard to financial need and are intended to  recognize outstanding accomplishments and exceptional potential for future  contributions to society. Satisfactory Academic Progress Standards  In order to receive any grant, loan, or work assistance, a student must  maintain satisfactory academic progress in the course of study he/she is  pursuing at Davidson. Students who fail to maintain satisfactory academic  progress do not receive the following types of financial aid: Federal Pell  Grant; Federal Supplemental Educational Opportunity Grant; Federal Work-Study;  Federal Perkins Loan; Federal Stafford Loan; Federal PLUS loan; North Carolina  Student Incentive Grant; North Carolina State Contractual Scholarship Fund; or  Davidson College scholarships, grants or employment. Satisfactory academic progress is reviewed annually prior to the beginning of  each academic year. Because the definition of satisfactory academic progress for  financial aid purposes parallels the definition of “good standing” as defined by  the faculty, a continuing student who is deemed to be in good academic standing  also will meet the standards of academic progress for financial aid. First-year  students, all of whom are required to meet rigorous admission criteria, are  presumed to be in good standing throughout their first year provided they carry  at least a half-time course load. Satisfactory progress for these students is  assessed at the end of their first year. Need-based grant support is available for a maximum of eight semesters  (pro rated for transfer students). A student may not receive Federal Title IV  assistance for more than twelve semesters. In cases where a student may be allowed to continue at Davidson even though  academic standards have not been met, financial aid may be offered on a  probationary basis for one semester if mitigating circumstances so warrant. If  standards of progress are not met at the end of that semester, financial aid  eligibility is lost until the student regains good standing. Written notice is given to all students whose financial aid eligibility is  rescinded for lack of academic progress. Students may appeal such decisions by  writing the Senior Associate Dean of Admission and Financial Aid. Appeals should  include an explanation of why satisfactory progress was not maintained; any  additional reasons why financial aid should not be withheld; and supporting  documentation from the Dean of Students and/or the College Registrar. After financial aid has been withdrawn for failure to maintain satisfactory  academic progress, students may re-establish eligibility by improving their  grade point average and grade point totals at their own expense. Approved  classes may be taken during summer sessions as well as the academic year.  Students wishing to regain financial aid eligibility also must be re-admitted to  the college by the Executive Committee of the Faculty and make proper  application to the Financial Aid Office for reinstatement of their financial aid  eligibility. Honors, Awards, and Scholarships  A limited number of first-year students are awarded merit-based scholarships.  Selection criteria are generally based on scholastic promise, ability,  character, leadership, and promise of contribution to society, as evaluated in  the application for admission by the admission staff and the Faculty Committee  on Admission and Financial Aid. In the case of area or talent specific  scholarships, selection may also be based on the outcome of an audition,  interview, portfolio review, or writing sample. Scholarship specific  application deadlines may apply. Please refer to the admission  application for details. General Scholarship Awards  Every admitted student is considered for general scholarships. Selection is  made by the Scholarship Coordinator and the admission staff on the basis of the  strength of the candidate’s application for admission. Scholarships can be  renewed throughout the recipients’ upper-class years, provided grade point  average and progress toward degree requirements are met. No separate  scholarship application is required for these awards.  Special Competition Scholarships  Each admitted student is considered for the scholarships described below.   No separate scholarship application initiated by the student is required.  Nominees are selected by the Davidson admission staff, the Dean of Admission and  Financial Aid, and the Scholarship Coordinator. Finalists will be required to  participate in a scholarship interview. The scholarships are renewable,  providing the recipients meet grade point average requirements, make standard  progress toward their degrees, and are significantly involved in the life of the  college community. Thompson S. and Sarah S. Baker Scholarships: These scholarships,  valued annually at the level of comprehensive fees, were established by this  Class of 1926 alumnus whose prominence at Davidson foreshadowed his later civic  and business leadership, and by his wife. They are offered to first-year  students whose accomplishments, purposefulness, service, and maturity mark them  as capable of the highest achievement. John Montgomery Belk Scholarships: These scholarships were  established by John Montgomery Belk, a member of the Class of 1943, whose career  has been marked by extraordinary leadership and service in business, civic  affairs, and the church. They are for students whose leadership in academics,  student government, athletics, or service distinguishes them as capable of the  highest achievement; and are valued annually at the level of the college’s  comprehensive fees. Scholars also receive two summer stipends of $3000 each. Lowell L. Bryan Scholarships: Two $30,000 scholarships are offered  to first-year students who have the capacity and ability to contribute in a  superlative manner to their sport and to the academic and co-curricular life at  Davidson. The scholarships were established by Lowell L. Bryan, Class of 1968. Erwin Scholarship: This tuition award (not to include fees) is  offered to a first-year student on the basis of leadership, academic excellence,  and integrity. The scholarship was established by Goudyloch Erwin Dyer and her  husband, Robert C. Dyer, in memory of her brothers, George Phifer Erwin and  Edward Jones Erwin, Jr.; her father, Davidson professor of English Edward Jones  Erwin; and her grandfather, George Phifer Erwin. (Not awarded every year.) Missy and John Kuykendall Scholarships: Three awards are offered  annually in each first-year class. Established by the college family in honor of  Davidson’s fifteenth president, John Kuykendall and his wife Missy, the  Kuykendall Scholarships are for students who, through their habits of mind,  leadership, and character, offer the potential to provide the college community  the kind of servant leadership that characterized the thirteen-year presidency  (1984–1997) of John Kuykendall, Davidson Class of 1959. Scholars are chosen for  their personal character, academic accomplishments, generosity, thoughtful  leadership, humane interests, and sense of kindness. The scholarships are valued  at $10,000 each. Amos Norris Scholarship: This full cost award has been created by  Robert Norris, Davidson Class of 1972, in honor of his father, Amos Norris. The  award is offered to an outstanding first-year student athlete with integrity, a  strong work ethic, and excellent leadership qualities. Nominees are identified  by the Dean of Admission and Financial Aid and the Director of Athletics. (Not  awarded every year.) John I. Smith Scholars Program: These two full-tuition awards,  established by the John I. Smith Charities, Inc. of Greenville, S.C., in honor  and memory of College Trustee John I. Smith, Davidson Class of 1924, are offered  annually to first-year students on the basis of leadership, academic excellence,  and a commitment to community service. William Holt Terry Scholarships: These two full-tuition awards,  created to honor Dean Terry (Davidson Class of 1954 and Dean of Students for 23  years), are offered annually to first-year students who have demonstrated  exemplary leadership skills and personal qualities through student government,  athletics, service, or other activities. Special Application Scholarships  These scholarships are defined with specific reference to particular areas of  study or talent and require a separate application for consideration.  Detailed information is included in each student’s admission application  materials. Special application scholarships can be renewed throughout the recipients’  upper-class years at the college, provided grade point average and progress  toward degree requirements are met. Any additional renewal requirements are  listed in the scholarships’ descriptions. Rupert T. Barber Scholarship: One $2000 award will be to a student  who demonstrates exceptional talent and passion for theatre upon entering  Davidson. The award is renewable for four years of study at Davidson, based on  grade point requirements and active involvement in the theatre program  throughout all four years of attendance. This scholarship is not awarded every  year. Romare Howard Bearden Scholarship: This $10,000 award is offered to  a student with exceptional ability and promise as a studio artist. Preference is  given to African-American students. The recipient must declare a major in art  (either studio or history) to retain the award for all four years. (Not awarded  every year.) Patricia Cornwell Scholarships in Writing: This $20,000 award was  established by Patricia Cornwell, award-winning novelist and member of the Class  of 1979. Offered to two first-year students, the Cornwell Scholarship recognizes  students with exceptional ability and promise in writing. Cornwell Scholars may  be creative writers of poetry or fiction, drama or film; writers who combine  creativity with a knowledge of science or technology; journalists; or other  writers who demonstrate extraordinary talent. Cornwell Scholars are expected to  be actively involved in the writing community. Julius Dobson Neely and Joseph Dobson Scholarship: This $5,000 award is offered to one  student in each first-year class who expresses an interest in Latin as a major  field of study and who has shown significant experience and success in the  field. Wachovia Teaching Scholarship: This award is offered annually to  exceptional first-year students interested in pursuing a career in teaching. The  number and size of awards will vary. Music Scholarships: The music department offers four $18,000  scholarships, which are provided through the Vail Family, Donald B. Plott,  Zachary F. Long, Jr., J. Estes Millner, and James C. Harper endowments. The  scholarships are awarded on the basis of auditions which are held on specific  weekends during the year. The scholarships are renewable subject to annual  evaluation. In addition, music majors are eligible to apply for grants to study  away from campus. Pepper Visual Arts Scholarship: One $5,000 award is given each year  to a first-year student. Selection is based upon the Art Department’s review of  slides and/or photographs in the applicant’s portfolio. The scholarship is  renewable on the basis of satisfactory academic progress and active involvement  in studio art. The recipient must declare a major in art (studio or history) to  retain the award for the junior and senior year. W. Olin Puckett Scholarship: One $10,000 award is offered in each  first-year class to a student leader with academic distinction who is preparing  for a career in medicine or the sciences. Williams Challenge Scholarship: One $10,000 scholarship is available  annually to a first-year student as a challenge to consider the ministry or  other church-related vocations. An additional $2,000 annually helps support an  internship or conference attendance. National Merit Scholarships  Three awards are offered annually to first-year students selected from among  those who have been identified as National Merit finalists and who have  designated Davidson as their first choice college. In compliance with National  Merit directives, the size of the award is linked to established financial need:  the minimum award is $750; the maximum award is $2,000. International Scholarships  A limited number of students who are nationals of countries other than the  United States receive financial assistance each year. These funds vary in amount  and are based on a combination of need and merit. The International Student  Financial Aid Application of the College Scholarship Service should be submitted  to the Office of Admission and Financial Aid along with Davidson’s application  for admission. Children of Presbyterian Ministers  Davidson College, in recognition of its long and significant relationship  with the Presbyterian Church (U.S.A.), ensures that all Davidson students who  are children of ordained Presbyterian (U.S.A.) ministers will receive at least  $1,000 in renewable, annual grants from Davidson. Students not receiving this  amount through other merit-based or need-based grants are funded through the  John Richards Hay and Sara Craig Hay Scholarship Program. The Julian and Robert Lake Scholarship is a $15,000 merit-based  scholarship awarded to a member of each first-year class who is the child of a  minister in the Presbyterian Church (U.S.A.). Selection is made by the Dean of  Admission and Financial Aid and the Scholarship Coordinator based upon the  student’s application for admission. Outside Resources  In addition to awards controlled by the college, students at Davidson receive  funds from a variety of external sources, including the National Merit  Scholarship Corporation, the Presbyterian Church (U.S.A.), and many others.  Information about locating and applying for such assistance may be obtained from  high school counselors or the Office of Admission and Financial Aid. Army ROTC Scholarships: Awarded on merit, not need, to both men and  women. Army scholarships pay full tuition and mandatory fees, a book stipend  each semester, and a personal expense allowance of $250 to $500 a month during  the school year, depending on the cadet’s class status. Four-year scholarships  are awarded annually to high school seniors for the following academic year,  with an application deadline of December 1. Two-, three-, and four-year  scholarships are available to enrolled Davidson students. Interested students  may obtain an application and further information by contacting the Davidson  College Department of Military Studies (Army ROTC). Davidson students also have access to financial aid provided by Air Force  ROTC, by participating in the program at UNC-Charlotte. Registration in this  program is possible following the Charlotte Area Educational Consortium (CAEC)  cross-registration procedures. Federal and State Grant Programs  Federal Pell Grants: Pell Grants provided by the federal government  are a form of gift aid based on a federal need-analysis formula. They range in  value up to $4,310 for 2007–08. Information is available in high school guidance  offices, college financial aid offices, and from the U.S. Department of  Education. Federal Supplemental Educational Opportunity Grants: These federal  grants of up to $4,000 per year are available to students who demonstrate high  financial need according to Davidson’s analysis of the FAFSA and the PROFILE. North Carolina Legislative Tuition Grants: The State Legislature of  North Carolina provides a tuition reduction grant each academic year to all  full-time undergraduate students who are legal residents of North Carolina  attending private institutions in the state. In 2006-07 this grant was $1,900. North Carolina State Contractual Scholarship Fund: These grants of  up to $5,000 per year are available to residents of North Carolina who  demonstrate financial need according to Davidson’s analysis of the FAFSA and the  PROFILE. North Carolina Student Incentive Grants: Grants of up to $1,500 per  year are made by the State of North Carolina to residents who demonstrate high  financial need according to the State’s analysis of the FAFSA. Other State Programs: Students who do not live in North Carolina  should ask their guidance counselors about possible funding from their own  states. Student Loans  Federal Perkins Loans: The availability of these federal loan funds  varies as appropriations and repayments fluctuate. Perkins Loans are made to  students who meet federal eligibility guidelines. Loans may be made up to $4,000  for each year of college and a maximum of $20,000 total for undergraduate study  under the Perkins program. No interest is charged while the student is enrolled  at Davidson. Repayment begins nine months after graduation and may extend over a  ten-year period. Minimum repayment is $30 per month. During the repayment  period, five percent interest is charged on the unpaid balance of the principal  of the loan. Federal Stafford Loans: Through this federal program, participating  banks and other lenders make loans of up to $3,500 for the first year of an  undergraduate program, $4,500 for the second year, and $5,500 per year for the  third and fourth years of undergraduate study. Additional information is  available from Davidson’s Office of Admission and Financial Aid. Federal PLUS Loans: Through this federally guaranteed loan program,  parents may borrow up to the cost of attendance minus other aid. The variable  interest rate is adjusted annually. Monthly repayment begins within 60 days of  disbursement. Applications and more information are available in Davidson’s  Office of Admission and Financial Aid. Other Loan Programs: Students may wish to pursue loans through the  GATE Student Loan or through other alternative loan sources. Information about  these loan programs is available from the Office of Admission and Financial Aid. Employment  More than 400 Davidson students have on-campus jobs awarded as part of the  need-based financial aid package. Assignment to a specific job is made by the  Office of Admission and Financial Aid. Entering students usually are able to  work ten to twelve hours a week without handicap to their academic work. Funding  is available through the Federal Work-Study Program and from Davidson College. A  portion of federal work-study funds is earmarked for students employed in  community service activities. Campus work opportunities for students who may not  have financial aid eligibility are available in several departments. Students  are urged to contact departments directly. Off-campus employment opportunities  may be explored through various college publications. Student employees are paid monthly by direct deposit on the 15th of the month  following the pay period.
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