Are there restrictions on the Davidson Fellows scholarship?
Each scholarship may be used only for qualified tuition and related expenses, as defined in the Internal Revenue Code ยง117(b) and related regulations. The Davidson Institute shall determine the time and conditions of payment of scholarships at its sole discretion. The Davidson Institute may specify the documentation required to assure the Davidson Institute that the recipient is following an appropriate course of study. If the recipient withdraws from school or the recipient’s progress is unsatisfactory, and the recipient makes no alternate arrangements to pursue courses at the same or another educational institution, then, at its sole discretion, the Davidson Institute may terminate the scholarship. Scholarship money will be available for 10 years from the date of the award. After 10 years, unused monies will be forfeited.
