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• Overview |
• Merit Scholarships |
• International Student Loans |
• Work-Study |

DUKE MOVES TO DIRECT LENDING

Beginning with the 2010-2011 academic year, Duke will join hundreds of other U.S. college and universities in the Federal Direct Student Loan Program.  See full press release.


Type of Financial Assistance for The Duke MBA - Daytime Program 

Duke's Center for the Advancement of Social Entrepreneurship (CASE) also provides several assistance programs to reduce this financial burden and attract the most talented students dedicated to making a positive difference in the world. In addition to other sources of financial aid at Fuqua, Daytime MBA students and alumni with an interest in the social sector may be eligible for the following programs:

Merit Scholarships

Every admitted applicant will be considered for a merit scholarship and if selected to be a recipient, will receive notification of their award approximately one week after their admission. The criteria for selection include prior academic achievement, demonstrated qualities of leadership, involvement in the community, extracurricular activities, and professional accomplishments. These awards are for the two year duration of the MBA program and range from partial tuition to full tuition. We do not have funding for new awards in the second year. Thus, students who enroll without scholarship funding should not anticipate an award for the second year of the program.

A generous scholarship program for minority students is funded by Fuqua and a variety of corporate donors. A complete listing of these scholarships is published in the Fuqua Bulletin. Selection of recipients for these named awards is made during the summer or fall semester. These awards replace, but would not be less than, funds already received.

Named Awards

Fuqua merit award recipients are automatically considered for named scholarships funded by Fuqua and corporate sponsors. A separate selection process to award named scholarships is conducted during the summer or fall semester. These named awards replace merit awards already received, and do not provide additional funds to the recipient. These awards are considered academic honors that may be included on your resume. No additional information or form is required to be considered.

Keller Scholars

The Keller Scholarships are the most prestigious awards granted to incoming Fuqua students. The Keller Scholars are named in honor of Dr. Thomas Keller, the former dean of the Fuqua School of Business, who led Fuqua from a small regional business school to a position of international prominence in less than a decade. These awards are funded by Fuqua, endowed funds, and corporate donors. The merit scholarship committee selects those to be considered for these awards after considering excellence in academic endeavors and a strong commitment of improving their communities through leadership and service.

International Student Loans

2010-11 Online Application Available

About:

• The student loan program for Fuqua international students is offered through Coastal Federal Credit Union (Coastal).
• A US co-signer is not required.
• Notarization is required by a US Notary. 
• You may access US Notary services at a US Embassy in the country where you reside.

Rates: Coastal offers a very competitive rate of prime plus 5% with no fees. With the current prime rate of 3.25%, the rate would be 8.25%.  

Apply: Complete the Coastal Federal International Student Loan Application online

• If you already completed and submitted a paper copy of the application, you do not need to fill out the online application. 

Frequently Asked Questions (pdf)  

The Coastal Federal loan program is different from other student loan programs in several ways:

• You are applying for a line of credit with a local financial institution/credit union. A credit union is a bit different from a traditional bank in that you must become a "member" and establish a small savings account of $25 to utilize their loan services.
  
• Coastal is a successful and long-standing financial institution but new to the student lending world. We are very pleased that they have chosen to partner with Fuqua to fund our international student lending needs. 
  
• As you are now applying for a line of credit to cover your entire educational experience.
  
• Lastly but importantly, Fuqua has agreed to guarantee this cohort of student loans to obtain favorable rates for our international students. This means that Fuqua will be required to pay any defaulted loans, and as such, will take a personal interest in following up on delinquent payments and in collection. We are making this investment because we have confidence the international students chosen to attend Fuqua will make payment of their student loans a top priority. 

Questions: If you have any questions after reading the instructions and reviewing the loan applications, feel free to contact our Financial Aid Office at +1.919.660.8079 or finaid-info@fuqua.duke.edu.

Federal Work-Study Program

The Federal Work-Study (FWS) Program is federally funded and supports the employment of students while they are in school. Once students complete the FAFSA and establish employment, they must visit our Financial Aid Office to be reviewed for FWS eligibility and to complete a Work-Study Authorization Form for payroll purposes. With Federal Work-Study, the federal funds and The Fuqua School of Business pay a student's salary jointly.

Students are responsible for securing their own employment within the school, which offers a variety of employment opportunities for interested students. Fuqua students average working six to eight hours per week and are paid by the hour biweekly for the hours worked.

Federal Work-Study awards are contingent on adequate federal funds being received by the University.

Please note that not all student positions require Federal Work-Study funding.