Financial Aid News
Brodhead Reaffirms Commitment to Financial Aid
In President Brodhead's message to the Duke community about the impact of the economic downturn on the university, he reaffirmed Duke's commitment to meet the financial needs of its students.
Duke's Financial Aid Initiative Raises $308.5 Million for Financial Aid Endowment
Duke University's Financial Aid Initiative, a fund-raising effort which began in January 2005 and was publicly launched that December, raised $308,483,325 in new endowment for financial aid, President Richard H. Brodhead announced. The four-year effort passed its overall $300 million goal in November and ended at the close of 2008. Read the news release and Chronicle article.
Duke's Financial Aid Initiative Reaches $300 Million Overall Goal
Duke University's Financial Aid Initiative, publicly launched three years ago to raise at least $300 million in new endowment for financial aid, has reached its overall goal, President Richard H. Brodhead announced.
DUBAC Raises $1.6 Million for Reggie Howard Scholars
When members of the Duke University Black Alumni Connection (DUBAC) gathered to celebrate Homecoming Weekend, October 17-19, 2008, they had something else to celebrate as well.
Duke Alum/Aid Recipient Dr. Paul Farmer and His Remedy for World Health (on CBS News 60 Minutes)
Karshes Give $20 Million to Support International Students
Duke University trustee Bruce Karsh and his wife Martha will give the school $20 million in permanent endowment to support undergraduate students from other countries, President Richard H. Brodhead announced. This gift is the largest donation devoted to the needs of international undergraduates in Duke's history.
Read the news release.
Read the Chronicle article.
Duke Announces Nearly $7 Million in Enhancements for Need-Based Aid Recipients
Building on the strength of giving to Duke's Financial Aid Initiative, the performance of the university's endowment assets, and the expectation of additional support for financial aid endowment as the Financial Aid Initiative enters its final year, the Board of Trustees approved an investment of nearly $7 million per year in financial aid enhancements.
The increased investment in financial aid will make it possible for students from families with incomes below $40,000 to graduate debt-free and will eliminate parental contributions for families making less than $60,000 a year. In addition, Duke will reduce loan requirements for all students who qualify for need-based aid. The changes take effect in the fall of 2008 and are expected to benefit about 2,500 students. Read more.