Davis & Elkins College: An Overview of Tuition, Costs, and Financial Aid

Davis & Elkins College, a small, private institution nestled in Elkins, West Virginia, offers a personalized educational experience. Founded in 1904, the college provides undergraduate degrees in 46 majors. This article delves into the costs associated with attending Davis & Elkins College, including tuition fees, additional expenses, and available financial aid options.

Tuition and Fees

Davis & Elkins College's tuition is $31,820, which is the same for both in-state and out-of-state students. Compared with the national average cost of tuition of $47,097, Davis & Elkins College is more affordable. This figure represents the sticker price, encompassing both tuition and fees. It's important to note that fees can vary across institutions and may support essential services like library access, student gym facilities, student centers, technology resources, and campus health centers.

Additional Costs: A Comprehensive Breakdown

Beyond tuition and fees, prospective students should also consider the total cost of attendance, encompassing expenses such as room and board, books and supplies, transportation, and personal expenses.

Room and board costs $10,825. Books and supplies are estimated at $1578 per year, while personal expenses amount to approximately $2,782 annually. Transportation costs are around $932 per year.

Financial Aid: Making Education Accessible

Davis & Elkins College offers various financial aid options to help students manage the cost of their education. Financial aid packages may include grants, loans, scholarships, and work-study jobs. These packages are tailored to individual financial needs, typically determined based on information provided in the Free Application for Federal Student Aid (FAFSA).

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Types of Aid Available

Need-based aid: This type of aid considers a student’s financial status. It includes federal loans, work-study programs, and need-based scholarships/grants.
Merit-based aid: Also known as non-need-based aid, this is awarded based on a student's academic, athletic, or other talents and achievements.

Scholarships and Grants

Scholarships and grants are forms of financial aid that do not require repayment. Need-based scholarships take a student’s financial status into account, while merit-based scholarships are awarded for academic or athletic achievement. Students may also qualify for scholarships based on community service, unique hobbies or traits, personal background, or a parent’s employer or military affiliation. Some students may receive enough scholarship money to cover their tuition and living expenses. The total amount of need-based scholarships/grants awarded to all undergraduates is $1,515,323, while the total amount of non-need-based scholarships/grants is $2,470,979.

Student Loans

Loans are a form of financial aid that must be repaid. At Davis & Elkins College, the median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment for student federal loan borrowers who graduated is $286, assuming a 10-year repayment term at a 5.05% interest rate. The average federal loan amount per year is $5,720, while the average other loans per year amount to $10,813. It’s crucial to remember that accumulating student loan debt can significantly impact your financial future. Ideally, your total student loan debt should be less than your anticipated starting salary upon graduation.

Work-Study Programs and Campus Jobs

Working while in school can help reduce the burden of student loans. Davis & Elkins College offers work-study programs to eligible students and campus jobs to those seeking to earn money. Students should check for in-person or online job boards to find available positions.

Net Price and Affordability

The average net price, which represents the cost of attendance minus grants and scholarships, is $17,388. The average net price after aid is $19,762 per year. This figure is specific to each student, as it is based on individual circumstances and the college’s financial aid policies. Davis & Elkins College provides a calculator web page to assist students in determining the costs of attendance and their eligibility for financial aid.

Admissions and Academics

Davis & Elkins College considers SAT/ACT scores but does not require them for admission. The average SAT composite score is 1044. The college is known for its Registered Nursing, Nursing Administration, Nursing Research, and Clinical Nursing programs. The student-to-faculty ratio is 11:1, allowing for personalized attention.

Campus Life and Resources

Davis & Elkins College's scenic campus offers various facilities for student use, including the Icehouse, the Booth Library, and the Boiler House Theater. The Naylor Learning Center provides tutoring and study groups. The college also offers an online learning option, including a flexible RN to BSN program that can be completed within 12 months. Approximately 48% of the student body are first-generation students. While there are no LGBTQIA student resource groups or on-campus women's center, cultural student resource groups are available. On-campus living is required of freshmen.

Special Circumstances and Financial Aid Adjustments

Changes in a family’s financial situation or a student’s dependency status may warrant a review of financial aid eligibility. Davis & Elkins College considers special circumstances, such as changes in income or employment, and unusual circumstances, such as adjustments to a student’s dependency status based on unique situations. Taking coursework that is not required for degree completion may result in a recalculation of a student’s aid package, potentially reducing or eliminating financial aid.

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