Facts About Financial Aid at Duke

During the 2004-05 academic year, Duke invested about $129 million in financial aid for its undergraduate, graduate, and professional school students. There is a great deal more to know about the importance of financial aid at the university.

Approximately 45% of Duke undergraduates receive some form of financial aid.

About 40% of Duke undergraduates receive need-based financial aid.

Duke's undergraduate aid program serves students from a variety of family circumstances, with incomes ranging from less than $20,000 annually to $150,000 and above.

During the 2004-05 academic year, Duke invested about $129 million in financial aid, including more than $59 million for undergraduates, $50 million for doctoral students, and $19 million for professional school students.

In 2004-05, the average undergraduate financial aid package at Duke totaled about $28,000, including over $21,000 in outright grants and the balance in work-study allocations and loans.

In 2004-05, Duke’s total cost of attendance for an undergraduate was over $41,000, including $30,720 in tuition and fees and the balance in room, board, and personal expenses.

Almost all of Duke’s Ph.D. students have their tuition, fees, and living expenses covered for a period of 5-6 years with a combination of scholarships, fellowship stipends, and assistantships.

In 2004-05, Duke spent about $10.5 million on undergraduate athletic scholarships

Less than 20% of university funds supporting financial aid expenses were generated by endowment.

Additional information is available in Duke’s “Year in Review”

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