For the 2022-23 school year, tuition at Davidson College increased by 3.9%, as revealed in the institution’s most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit college paid $57,340 this year, which is $2,140 higher than the $55,200 tuition fee for the 2021-22 academic year.
Approximately 17% of the undergraduate student body at Davidson College are residents of North Carolina, while 71% come from other U.S. states and 12% are international students.
Financial aid was awarded to 69% of full-time undergraduates who began their studies at Davidson College in the 2022-23 year. Among them, 352 students received grants or scholarships amounting to $17.4 million, and 59 students secured loans totaling more than $498,342.
Overall, 1,304 undergraduates benefited from grants or scholarships totaling $61.9 million. Additionally, 214 students borrowed a combined $1.3 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 93 | 17% | $583,164 | $6,271 |
| State / local grant or scholarship | 26 | 5% | $189,240 | $7,278 |
| Institutional grants or scholarships | 351 | 65% | $16.6 million | $47,295 |
| Grant or scholarship aid total | 352 | 65% | $17.4 million | $49,355 |
| Federal student loans | 55 | 10% | $275,530 | $5,010 |
| Other student loans | 10 | 2% | $222,812 | $22,281 |
| Student loan aid | 59 | 11% | $498,342 | $8,446 |
| Total student aid | 375 | 69% | $17.9 million | $47,656 |
