<p>The Duke Bulletin of Undergraduate Instruction states it very clearly. </p>
<p>“Upon enrolling at Duke, the top student finishing in the top ten of the North Carolina Math Contest taken as a high school senior is eligible to receive a scholarship equal to the amount of tuition. This scholarship is available each of the four years of undergraduate enrollment as long as the student maintains the specified average. Winners must have applied to and been accepted by Duke University.”</p>
<p>The scholarship doesn’t cover room and board, fees, books, etc., though.</p>