<p>Purpleacorn: I think you misunderstood. Duke doesn’t peg loan amount to AGI period no matter what the net price calculator tells you (the net price calculator is run by CollegeBoard using its own formulas not Duke’s). If your need is equal to or greater than the max of the Perkins/Stafford loan limit, you will get that max amount. It doesn’t matter what your AGI is, loans are never proportional to AGI. The price calculator may be wrong but the official policy is to load the FA with as much loans as they are legally permitted to give you.</p>
<p>The process goes:</p>
<p>1) Use your FAFSA/CSS info (including AGI) to calculate your EFC.
2) Subtract EFC from total cost = your total need
3) Max out your loans
4) Max out your work-study
5) Fill in the rest of your need with grant money</p>
<p>So the only way you won’t get the max amount of loans is if your total need is less than the max loan amount.</p>