How Duke’s Financial Aid Initiative is Making a Difference

In December 2007, Duke announced a series of enhancements to need-based aid packages. Beginning with the 2008-09 academic year, Duke will increase the grant portion of most aid packages in order to

• • Eliminate parental contributions for families of undergraduates making less than $60,000 a year
• • Eliminate loan requirements for undergraduates from families making less than $40,000 a year
• • Reduce loan requirements for undergraduates from families with annual incomes between $40,000 and $100,000
• • Cap the loan requirement at $5,000 per year for undergraduates who qualify for aid and come from families with incomes of $100,000+
• • Provide additional support for housing costs