Award Statistics

We hope that the statistics below will provide a better understanding of financial aid programs at Duke. When considering this information, please remember that these statistics are averages across thousands of students in the 2010-11 academic year. Individual financial aid awards vary from family to family as do financial circumstances.

 

 

Award statistics for Duke's 2011-12 academic year

 

aid distribution


 

 

Total Enrolled Undergrads: 6,813

Total Aid Recipients: 3,469

% of Total Aid Recipients
Merit Aid Students: 6.1%
Athletic Aid Students: 7.3%
Need-based Grant Aid Students: 86.6%

% of Total Enrolled Undergrads
Merit Aid Students: 3.1%
Athletic Aid Students: 3.7%
Need-based Grant Aid Students: 44.1%

 


medianaward

 

This graph represents the median financial aid award at Duke. 

Please remember that these statistics are derived from thousands of students in the 2011-12 academic year. Individual financial aid awards vary from family to family as do financial circumstances.

For a better idea of what your financial aid may look like at Duke, you can receive an estimate using our online Net Price Calculator.

Results of Duke's Financial Aid Initiative (2008)

As part of our ongoing commitment to make high-quality undergraduate education more affordable, Duke announced in December 2007 a series of enhancements to its need-based undergraduate financial aid program that took effect in the 2008-09 academic year. These enhancements include

  • eliminating the parental contribution for families with institutionally determined incomes less than $60,000;
  • eliminating loans for families with institutionally determined incomes less than $40,000;
  • reducing loans for students from families with incomes up to $100,000; and
  • capping loans for eligible families with incomes above $100,000.

 

 

typical_0pc

 

 

This graph illustrates the financial aid award for a family with a total income of about $55,000.  At Duke, total income includes but is not limited to:

  • adjusted gross income
  • business losses or income losses
  • untaxed income
  • custodial and non-custodial parent income

For families with total incomes of less than $60,000, the parent contribution is waived (provided the family's level of assets is typical for an income of $60,000 or less).  This means the expected family contribution is equal to the student contribution each year.

This student would graduate from Duke after four years with a total debt of only $4,000.

 

ave_debt

 

 

As you can see from the graph at left, the average educational loan debt for Duke graduates has declined since the Financial Aid Initiative took effect in 2008.  This trend is expected to continue as Duke's Financial Aid Initiative benefits more students each year.