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Old 05-04-2008, 11:09 PM   #6
tw14
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Join Date: Jun 2007
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Quote:
The formula for determining your EFC (expected family contribution) was developed by the federal government (Dept. of Ed.) and not by Duke, so you can't blame Duke for its results.
This statement is not correct. The federal government does determine eligibility for federally subsidized grants, loans and work study, but Duke relies on its own "formula" to determine how it distributes its scholarship money and Duke subsidized loans. In addition to the FAFSA, Duke requires the applicant to file the CSS PROFILE for its institutional methodology. If you look at the Duke website you will find:

Quote:
Consensus Approach to Determining Family Ability to Pay
Created by the 568 Presidents' Group, this reformulation of the institutional methodology is used at approximately 35 colleges and universities, including Duke University, to determine the ability of each student's family to support the annual costs of attendance.
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