Duke Financial Aid Question

leejwwc
Wed, 22 Feb 2006 13:55:55 +0000

If your EFC is 0, then Duke will give you the max amount they can - the full cost of attendance which is around $43000 I believe. Also, if you don’t have health insurance, they will pay for that too - an additional $1500 but you must request it. Talk to your financial aid counselor - they will go over the details. Also, when I say they’ll “give” you the max amount, that amount is not just all grants, there’s a bunch of stuff mixed in including work study (you have to get a job to get that money), loans (I’d say its about 30-40% loans), and the rest is free money in the form of grants. Some of the loans are subsidized, meaning that they dont accrue interest until AFTER you graduate, but others are unsubsidized so you accrue interest on those WHILE you are IN school. Again, each person’s circumstances vary, so its best to talk to your fin aid counselor about your unique situation