<p>SBR- From the Duke website: </p>
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<p>Duke has a new financial aid intiative that is capping initial student loans. The max they are able to federally give (and some schools have given me) is a 5.5k/Stafford and additioanl loans in Perkins. They choose to limit the loan to an amount based on income. What I am saying is that I was given the loan amount of a higher income level than our family’s reported AGI, which leads me to believe that Duke determines family income by adding things back into our AGI.</p>
<p>[Duke</a> Financial Aid: Building Your Award](<a href=“http://dukefinancialaid.duke.edu/undergraduate/prospectives/howitworks/awarding.html]Duke”>http://dukefinancialaid.duke.edu/undergraduate/prospectives/howitworks/awarding.html)</p>
<p>To determine grant amounts for the first year, Duke:</p>
<p>COA-EFC (as determined by Duke)- $2.1k student summer contribution- $2.2k in workstudy- $0-5k in loans (depending on family income)= Grant Amount</p>
<p>Duke doesn’t max out work-study either to the federal limit, and caps it at $2.2k; federally, I have been awarded (and am earning) a $4k/yr work-study award.</p>