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Many local, regional, and national organizations sponsor scholarship programs for college students. Students must report all such outside scholarships and resources to the Financial Aid Office. 

Typically, the combination of federal, state, and Davidson financial aid, together with any outside scholarships and resources, will not be allowed to exceed a student’s total Cost of Attendance (COA). In most cases, outside funds first reduce the Student Employment award, then the Expected Family Contribution; then, if all outside resources together exceed $5,000 for the year, or if Student Employment and Expected Family Contribution have both been fully replaced, aid awarded from Davidson will be reduced as well. This treatment will be applied in any year in which the scholarship or resource is renewed and the student is receiving financial aid from Davidson.

For students whose calculated need exceeds the sum of tuition and fees, Employer Tuition Benefits are handled as noted above. For students for whom calculated need is less than tuition and fees, Employer Tuition Benefits may be combined with institutional aid up to the cost of tuition and fees, with Davidson funds being reduced by any excess amount. (Calculated need is generally reflected by the sum of grant eligibility and student employment.)

In all cases, as soon as possible after they are notified of their outside award, enrolled students must complete and submit Davidson’s Outside Resource Notification Form for the relevant aid year, so award adjustments may be made as needed. The Outside Resource Notification Form can be found on our Financial Aid Forms page.  Please be sure to complete the correct year's form, as a new form must be submitted for each academic year in which an outside resource will be received.