Private Education Loans Davis College has no preferred lender agreements with any private lender. It is almost always more beneficial for the student to borrow through the Federal Direct Loan program before borrowing from private lenders. Students may borrow from any private lender they wish with no consequences or penalties. Students can borrow, pending credit approval, enough to cover their remaining financial need after all other financial aid has been applied to their tuition charges. Typically, applications require a credit-worthy cosigner. SCHOLARSHIPS Davis College offers financial aid to help students pay their educational costs. These financial aid programs are conditional upon the availability of institutional funds and are subject to change. Davis College reserves the right to verify information contained in any application for institutional financial aid. All applications for institutional financial aid are subject to approval. Applications for institutional scholarships are available through the office of financial aid. To be eligible for institutional financial aid, full-time students must fill out the respective application and submit it to the office of financial aid by the scheduled filing deadline. To be eligible for institutional financial aid, students must maintain satisfactory academic progress as they would to receive federal financial aid. All institutional scholarships are intended to be used as a supplement to state and federal financial aid. Students whose accounts show a credit balance as a result of institutional scholarships will not be eligible for a refund from Davis College and those accounts will reflect a zero balance after all state and federal financial aid as well as institutional scholarships are applied. Students whose accounts show a credit balance as a result of federal financial aid, loans, church contribution, or parent/student payments will receive a refund of the credit balance. No student may have more than half of their semester bill (including tuition and fees) covered by institutional aid. Students who are eligible for institutional aid which covers more than half will only receive scholarship aid to cover half of their bills.
Davis College offers the following scholarships:
On Campus Scholarships Church Matching Scholarship – Up to $500 will be awarded per semester to students whose church provides a scholarship.
Davis Alumni/Child of Alumni Scholarship – $4,000 will be awarded per year
Davis Alumni Referral Scholarship – $1,000 per year will be awarded to students how have been referred to Davis College by an alumnus.
Dual Enrollment Scholarship – Former Davis College dual-enrollment students who matriculate to campus will be awarded half their total amount paid during Dual Enrollment, divided by all 4 years they attend on campus.
Freshmen Scholarship – $3,000 will be awarded per year up to $12,000 to first-time college students on campus.
Main Campus Scholarship – $6,100 will be awarded per year.
Presidential Scholarship – Funds are awarded to full-time students based on merit and financial need in amount as approved by the president.
WOLBI Alumni & Staff Scholarship – $110 will be awarded per credit hour to Word of Life Bible Institute alumni and staff enrolled on campus at Davis College.
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FINANCIAL AID
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