Learning More About Scholarships, Loans, and Other Aid
There are various types of financial aid—often made up of scholarships, student loans, or a combination of both. Here, you’ll find:
- Information on scholarships
- Descriptions of available loan programs
- Information about the application process
Please read the Fuqua Financial Aid Guide Book (Policies & Procedures) to learn more before proceeding with your application.
For each financial aid program, make sure to consider:
- Eligibility requirements
- Loan application deadlines
- Other implications, such as repayment conditions
Contact Us
If you have questions about financial aid or need assistance with the process, please don't hesitate to contact our financial aid office.
Financial Aid Fast Facts
- Student loan applications should be completed for the entire 10-month program.
- Prompt responses for extra information or documents will help us process your application more quickly.
Merit Scholarships
Every admitted applicant is considered for a merit scholarship based on a student’s overall profile. For questions regarding scholarship awards or to receive more information about the scholarship review process, please contact your admissions counselor.
CRITERIA FOR SELECTION:
- Prior academic achievement
- Demonstrated leadership qualities
- Involvement in the community
- Extracurricular activities
HOW WILL YOU KNOW IF YOU HAVE RECEIVED A MERIT SCHOLARSHIP?
- Scholarship information will be included in your electronic admission letter.
- There will be more information about your scholarship and its benefits in your admitted student portal.
U.S. citizens/permanent residents have various options for borrowing the necessary funds to attend Fuqua. All student loans are disbursed to your student Bursar account directly to offset your university charges.
LOAN FAST FACTS:
- You may defer loan payments while you are in school.
- Loans offer a post-graduation grace period.
- Both the grace period and the repayment period can vary by lender.
- If you have completed your FAFSA after March 1, you'll typically receive your award notice within 10 business days.
STUDENT LOAN OPTIONS INCLUDE:
Applying for Federal Student Aid (Federal Direct Unsubsidized & Graduate PLUS)
- Complete the Free Application for Federal Student Aid (FAFSA).
- Duke University's Title IV Federal School Code is: 002920
- New School Year FAFSAs are available after October 1 of each year:
- The 2023-24 FAFSA became available after October 1, 2022.
- Fuqua's priority date* to file a FAFSA is March 1 of each year:
(*The priority date is a recommended filing due date; FAFSAs may be filed after the priority date.)- March 1, 2023 is the priority date to file a 2023-24 FAFSA.
- Once the FAFSA result (The Student Aid Report -SAR) is received, your student aid eligibility will be reviewed.
- The student aid review process begins in March. Students will receive an electronic loan aid offer notice.
- Student accepts/reduces/declines the aid offer in DukeHub and completes the loan application process outlined in the loan aid offer notice.
- Once an applicant completes the required application forms, loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class.
Applying for Private Alternative Student Loans
- Complete one of the following student loan applications: Duke University Recommended Lender List
- Once the lender reviews and pre-approves your loan request, they will send the school a certification request.
- The school will send a loan certification file to the lender confirming the approval.
- Once the applicant completes the required application forms, loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class.
Estimated Cost of Attendance (COA) and Loan Borrowing Eligibility
Federal regulations determine the types of expenses that can be factored in the Cost of Attendance (COA). The COA is established to cover only the student’s education-related expenses such as tuition & fees, room & board, course materials, and student living expenses over the entire nine-month enrollment period within an academic year.
Also, regulations require the university to use reasonable figures to establish the student living expense budget within the COA. The average living expense amounts are results from university-wide surveys completed by Duke students in graduate and professional programs. Triennially, students are surveyed on their monthly spending for living expense items such as rent, utilities, food (excluding outside dining), etc. In addition, the consumer price index rate is considered each year to account for inflation.
The COA regulates the total eligible student loan borrowing amount, allowing students to borrow only up to the total COA amount in any given academic year, minus other aid (i.e. scholarships, sponsorships, other student loans). The COA also serves as a guide to help students to budget within the overall living expense allowance. As students come to Fuqua from a variety of backgrounds, experiences, and resources, the student living expense budget allows for a relatively simple student lifestyle that demands a responsible approach to living as a student. Therefore, students are expected to seek housing (mainly shared housing) that does not exceed the allocated amounts for rent and utilities in the student expense budget, especially if students are applying for student loans to help cover living expenses.
Please access the following links to view the estimated Cost of Attendance (COA) budgets:
Frequently Asked Questions
Please view answers to some frequently asked questions about scholarships and loans for U.S. citizens and permanent residents.
Fuqua is proud to participate in the Yellow Ribbon Program, and awards are available to qualifying veterans. In order to support as many service members as possible, Fuqua does not limit the number of participants in the Yellow Ribbon Program.
Yellow Ribbon Program fast facts:
- The Department of Veterans Affairs is responsible for determining eligibility.
- Fuqua will contribute up to 18,000 USD each VA academic year in Yellow Ribbon scholarship support, and the VA will provide up to 18,000 USD in additional funding.
- You must be 100% eligible for the Post-9/11 GI Bill®.
- Effective August 1, 2022, active duty service members who qualify at the 100% level or the spouse using the transferred benefits of an active duty service member who qualify at the 100% level, may use the Yellow Ribbon program.
- Recipients of the Fry Scholarship and Purple Heart will be covered under the Yellow Ribbon Program. This was effective August 1, 2018.
- You must have served an aggregate period of 36 months in active duty after Sept. 10, 2001, or have been honorably discharged from active duty for a service-connected disability and after serving 30 continuous days after Sept. 10, 2001.
- You may be a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on the service eligibility criteria listed above.
How much am I going to receive?
At 100% eligibility, the following table estimates the Post 9/11 GI-Bill & Yellow Ribbon benefit payout for your program:
Getting started:
Duke University’s Veterans Education Benefits Office administers all Veterans Benefits. The Duke University School Certifying Official (SCO) in the Office of the University Registrar may be reached via email or at 919.684.4225. Admitted students must submit their VA documents (i.e. VA Certificate of Eligibility letter, Purple Heart Certificate) to the SCO to start the VA benefit review process.
Visit the Office of the University Registrar for detailed instructions on how to initiate/continue your benefits. Should you have any questions or concerns, please contact our financial aid office for assistance.
Veterans and service members who are expecting to receive 100% of the Post 9/11 GI-Bill (as indicated on their VA Certificate of Eligibility letter) and Fuqua’s determined Yellow Ribbon amount should be aware that Fuqua’s Yellow Ribbon offer is subject to change and may be fully rescinded should the VA determine a change in your Chapter 33 VA benefit status.
It is your responsibility to notify Duke University’s Veterans Education Benefits Office and Fuqua’s Financial Aid Office immediately of any changes to your VA benefit status. Failure to do so may result in full cancellation of your Yellow Ribbon offer.
For an overview of how to obtain benefits, see Process Flow & Anticipated Timeline.
For additional resources, visit the U.S. Department of Veterans Affairs.
The Fuqua School of Business offers both cosigner and no-cosigner international student loan options. For more information about these various loan options, please access Duke University’s Recommended Lenders list.
Cosigner Options: Loans with a U.S. cosigner typically offer a lower interest rate. The U.S. cosigner must be a creditworthy citizen or permanent resident. Keep in mind that for some lenders, a student must have a social security number in addition to having a cosigner.
No-Cosigner Options: Depending on the lender, International students using a no-cosigner loan option may borrow up to 100 percent of their Cost of Attendance (minus other aid, i.e. scholarships, sponsorships, and other student loans) through a no-cosigner International Student Loan Program.
Applying for Private Alternative Student Loans
- Complete one of the following student loan applications: Duke University Recommended Lender List
- Once the lender reviews and pre-approves your loan request, they will send the school a certification request.
- The school will send a loan certification file to the lender confirming the approval.
- Once the applicant completes the required application forms, loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class.
Other Funding Sources for International Students
You may find a suitable funding source from our list of external funding programs from international agencies.
Estimated Cost of Attendance (COA) and Borrowing Eligibility
Federal regulations determine the types of expenses that can be factored in the Cost of Attendance (COA). The COA is established to cover only the student’s education-related expenses such as tuition & fees, room & board, course materials, and student living expenses over the entire nine-month enrollment period within an academic year.
Also, regulations require the university to use reasonable figures to establish the student living expense budget within the COA. The average living expense amounts are results from university-wide surveys completed by Duke students in graduate and professional programs. Triennially, students are surveyed on their monthly spending for living expense items such as rent, utilities, food (excluding outside dining), etc. In addition, the consumer price index rate is considered each year to account for inflation.
The COA regulates the total eligible student loan borrowing amount, allowing students to borrow only up to the total COA amount in any given academic year, minus other aid (i.e. scholarships, sponsorships, other student loans). The COA also serves as a guide to help students to budget within the overall living expense allowance. As students come to Fuqua from a variety of backgrounds, experiences, and resources, the student living expense budget allows for a relatively simple student lifestyle that demands a responsible approach to living as a student. Therefore, students are expected to seek housing (mainly shared housing) that does not exceed the allocated amounts for rent and utilities in the student expense budget, especially if students are applying for student loans to help cover living expenses.
Please access the following links to view the estimated Cost of Attendance (COA) budgets:
Frequently Asked Questions
Please view answers to some frequently asked questions about scholarships and loans for international students.
Forms and Resources
Please consult our Financial Aid Guidebook (Policies & Procedures).
For U.S. Citizens and Permanent Resident Students
- Free Application for Federal Student Aid
- Federal Loan Entrance Counseling - Federal Unsubsidized & Graduate PLUS Loans
- Federal Loan Exit Counseling - Federal Direct Unsubsidized & Graduate PLUS Loans
- Duke University's Recommended Private Lender List
- Yellow Ribbon Program
- Private Education Loan Applicant Self-Certification
For International Students
For U.S. Citizen/Permanent Resident Students:
- Personal Finance @ Duke
- The SmartStudent™ Guide to Financial Aid
- Federal Student Aid: U.S. Department of Education
- Fast Web Scholarship Search
- The Paul & Daisy Soros Fellowship
- Student Loan Calculator
For International Students:
FAQ
For answers to frequently asked questions about how to finance your degree, visit our FAQ pages:
