$7,182

Avg. Federal Grant

$3,917

Avg. Federal Loan

$169,917,950

Total Aid Awarded

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Duke University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$169.918M

Financial Aid Official Website

www.finaid.duke.edu

Financial aid is the gift and grant award to students when students demonstrate financial need and if they perform exceptionally in their academic performance. Duke University offers various types of financial assistance, such as scholarships, grants, need-based gifts, and loans. At Duke University, 56% of students were able to receive financial assistance, with the total value of aids awarded (in any form) being estimated to up to $169,917,950.

Scholarships 

Duke University offers a limited number of scholarships which are as follows:

  • Merit Scholarship:  Merit Scholarship offered to the students who perform exceptionally in the academics, whereas merit scholarship is awarded to the small number of first-year students who also need to fulfill the FAFSA to demonstrate financial need.

  • Outside Scholarship: This scholarship gives a crucial advantage to the students because this scholarship does not replace a loan or work-study program. But the amount which students get in the form of work-study & loan gets reduced by the amount received in outside scholarships. 

  • Tuition Benefit: If a student receives the Tuition benefit, then tuition benefit reduces the amount received in the university grant will also get cut, which was not in the case of outside scholarship. The student also needs to exhibit all tuition benefits received.

Understandably, we realize that there isn't much information present that talks about the scholarships in detail. Hence, we have provided a link to the university's official website through which you could contact their representatives and receive the information you are looking for.

Grants

Students at Duke University can also avail of the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant. Students required to fill the FAFSA form to demonstrate the financial need before the deadline stated by federal government agencies. Duke University also gets benefits of state grants, where students are awarded state grants if the student is a resident of North Carolina. 

Unfortunately, not a lot of information has been provided regarding grants publicly. If you'd like more information regarding the grants and FAFSA, you may contact the university's representatives through the website.

Explore College Scholarships

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

4%

Institution Grant Aid

52%

Pell Grant

15%

Average Aid Awarded

Federal Grant Aid

$7,182

State Grant Aid

$4,531

Institution Grant Aid

$50,473

Pell Grant

$4,956

We were able to break down Duke University’s financial aid provision and data related to that; we felt that this can help students and families get a brief insight on how the aids are distributed.

  • 16% of students receive federal grant aid, with an average of $7,182.

  • Approximately 15% of the student receives a pell grant, which amounts to an average of $4,956.

  • Only 4% of students receive state grants, just with an average of $4,531.

  • 52% of the students receive the institutional grant at an average of $50,473.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$75,726

$30,001 - $48,000

$75,861

$48,001 - $75,000

$69,068

$75,001 - $110,000

$57,541

Over $110,000

$26,937

Federal aid is provided to families based on their income. These incomes have been grouped into income ranges; a total of 5 income groups that provide a definite outlook to analyze and help you make a decision based on what income group you fall under.

We believe that by using the data presented here, you could expect yourself to gravitate a lot closer to your final decision in choosing the right aid for you when joining Duke University.

  • The average federal assistance received for a student with a family income ranging from $0 to $30,000 is $75,726

  • Students with a family income ranging from $ 30,001 to $48,000 their average aid is $75,861. 

  • The student has a family income ranging from $48,001 to $75,000; the average federal aid received by them is $69,068.

  • In contrast, the student with an annual income ranging from $75,001 to $110,000 the average federal aid is around $57,541.

  • A significant change occurs in this income group; the average amount falls drastically, where the student has an annual income level of over $110,000; the average amount of federal aid provided is $26,937.

Student Loans for Duke University

Average Loan Amount Average Loan Amount received per year.

$7,502/Year

Students Taking Out Loans

25%

Loan Default Rate

0.6%

Explore Tuition & Cost Breakdown Explore Best Student Loans

Student loans are another source of financial aid that students look at. These are part of the self-help aid and have to be returned to the lender, at times with interests too. Even though students can get loans from private sources, it is advisable for them to first try and look for Federal loan options. here we are mentioning some:

  • Federal Direct Loans (subsidized and unsubsidized)
  • Federal Parent PLUS Loans
  • Nurse Faculty Loan

To know more about these loans, their eligibility and more, you can click here.

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