How generous is Duke's financial aid?

<p>My family makes about $200k/yr. What could I get?</p>

<p>By just looking at your parents income I would guess that you will not receive much financial aid.</p>

<p>Having said that, there are many other factors that the school considers when giving out financial aid. They will look at your parents assets (home, cars, stocks, savings, checking accounts, etc, etc). They will consider the number of children that are currently in school and a few other financial obligations that your parents might have.</p>

<p>Duke's financial aid is usually generous, but most of the aid is given to families with household incomes of <100K (with a ton going to those with <50K)</p>

<p>what if my sister starts college the following year?</p>

<p>Your FA should improve when your sister starts college, however, I'm not sure by how much.</p>

<p>recommend using the EFC calculator on the college board site. you can run the numbers with and without your sister in school. our experience is that this calculator gave us an estimate pretty consistent with duke's calculated EFC. </p>

<p>fwiw, we find duke's financial aid package to be pretty good. First 7K or so is work study and loan. the rest is grant. our circumstances are very similar to yours. roughly the same income level. 2 kids in college. you'll likely get no grants with 1 in school, but get some with 2 in school. assuming, of course, you don't have a large amount of assets in addition to that income.</p>

<p>Very generous for people that have a ~$50,000 income. Your parents, on the other hand, can afford to send you to college at full price, so you might not get any aid.</p>

<p>Eh, it's OK. I would not go so far as to say very generous. When I called to make an appeal, the office was quick to point out its the same as Columbia, Brown, Dartmouth, Chicago, and Penn financial aid. So its equal to peers but still strides below the elites of HYPS.</p>

<p>I was in a similar boat with family income around 200k. Nothing freshman year (last year), and this year my sister is heading to college as well. For Duke, they do not split the EFC in half, but rather reduce it by 40%. Therefore, your EFC will be 60% of your original, government generated number.</p>

<p>I got nothing when I applied this year, despite two kids in college. Upon appeal, I got 10k and a substantially better loan. So it depends. You could get lucky, you could get screwed. Best of luck.</p>

<p>Andy, what precisely was it that caused them to change their minds and give you 10k + better loan? Did they overlook something, did something about your situation change, etc.?</p>

<p>Situation changed with parents business. We called a couple times to talkand I guess they understood where we were coming from. I followed up to make sure everything was good, too, after they changed everything (mainly it was about how to set up the loan). Makes me feel really good about Duke financial aid, though.</p>

<p>When do you get financial aid decision for ED? Someone PLEASE answer my question, please.....!!!! #.#</p>

<p>You get a financial aid estimate with your acceptance package if I'm not mistaken. By now, all incoming freshmen should have gotten their packages I believe.</p>

<p>Extraordinary cases aside (i.e. having 3+ kids in college at the same time), making 200K+ and requiring financial aid is a tough case to make. Why? Assuming the 200K is post-taxes, you can afford to pay the full $50K tuition in cash, and your leftover income will still be more than 99% of U.S. households earn.</p>

<p>No, I'm pretty sure the 200k is pre-taxes.</p>

<p>Then I think having 1 vs. 2 kids in college will make all the difference. But that is taken into account on a yearly basis, i.e. I don't believe the fact that you have a sibling entering college next year will affect this year's finaid consideration. I will say that Duke has been extremely generous to us, having 3 kids in undergrad, but we do fall under the <100k bracket.</p>

<p>I think it also depends on what school you attend, because some schools have bigger endowments than other. Here's Princeton's average- Princeton</a> University | Who Qualifies for Aid?. So if Princeton gives that much (with 2 kids in college), I would assume that Duke would be willing to give a little bit (albeit, it's probably going to be loans).</p>

<p>In all honesty, if your family makes about $200,000 a year you should not recieve any financial aid. Some people desperately need it to afford the $55,000 a year pricetag.</p>

<p>I wonder what the financial package will be like for those kids who exceed the threshold $60,000 by 100 :P.</p>