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On December 8, 2007, Duke announced a series of enhancements to undergraduate financial aid.
Gifts to the Financial Aid Initiative and the promise of its continued success play a significant role in Duke's ability to support these changes. Read the announcement here.
Meeting the cost
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What Duke spends on financial aid
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In 2005-06, Duke undergraduate, graduate school, and professional school students received more than $280 million in financial assistance. Outright grants made up more than half of that total—$168 million—and Duke covered the vast majority of that cost.
In total, Duke spent about $143 million on financial aid grants in 2005-06, including about $65 million for undergraduates, $56 million for graduate school students, and $22 million for professional school students.
Financial Aid Distributed, 2005-06
(in millions)Undergrad Grad School Prof Schools Total Grants $75 $68 $25 $167.8 Funded by Duke $65 $56 $22 $143.1 Funded by outside sources* $10 $12 $3 $24.8 Loans $11 $5 $69 $83.9 Work Study $4 $24 < $1 $29.0 Total Aid Distributed $89
to about 3,000 students$97
to about 2,300 students$94
to about 2,100 students$280.8
to more than 7,400 students* Includes grants from federal government, state government, and other sources
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Next: How Duke meets the cost