Financial Aid at Duke How it Works What

Financial Aid at Duke: How it Works

What to Know • We are here to help.

What to Do Apply! www. financialaid. duke. edu

What to Do to Appeal We can consider appeals for – Loss of income/change of circumstance • in 2019 • because of COVID • in 2020 not related to COVID https: //financialaid. duke. edu/currentundergraduates/special-circumstances

What to Remember • Our aid is entirely need-based. • We send you our best possible package first. • When financial situation changes, we can reevaluate (more information in a few slides).

What to Plan for (answer = family contribution) grant, loan, and work study cover the rest.

Financial Aid Award + Grants (2019 avg was $50, 442) + + + Loans + Work (2019 avg student (avg 8 -10 hrs borrowing at grad was $22, 200) per week)

What to Consider Work Study https: //financialaid. duke. edu/work-study • Federal or Duke Work Study available to almost every enrolled undergraduate. • Jobs on campus, at the medical center, in the Durham community to fit students interests and needs.

Parent Loans https: //financialaid. duke. edu/loans • Federal Direct PLUS (Parent Loan for Undergraduate Students) • fixed rate 7. 079% interest in 2019 -2020 • up to cost of attendance less any grant aid • flexible repayment plans

Student Loans https: //financialaid. duke. edu/loans Federal Direct Loan • 4. 529% fixed rate in 2019 -2020 • Subsidized loan does not accrue interest • Unsubsidized loan does accrue interest • Flexible repayment plans Duke Educational Assistance Loan • 5. 0% fixed rate in 2019 -2020 • Interest does not accrue while enrolled. • Flexible repayment plans

Monthly Payments • Payment plan – https: //Duke. afford. com – You decide how much to pay each month – $40. 00/semester enrollment fee; no interest

Other Loans • Private loans • https: //financialaid. duke. edu/loans • Private loans for parents and students • Competitive rates, less flexibility.

Outside Scholarships – Are always to the financial benefit of the student. – Reduce student loans and work study requirements – Students still able to borrow or work on campus if they choose.

The Duke Difference Duke Engage Summer School Study Abroad Housing Allowances Loan Caps Health Insurance

https: //financialaid. duke. edu/contact • Email Finaid@duke. edu • Voicemail (919) 684 -6225 • Q&A site for admitted students: https: //financialaid. duke. edu/faqs-newly-admitted-students