Types of Financial Assistance

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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 .


Types of Financial Assistance for The Duke Executive MBA

Type of Assistance

Eligible Students

Merit Scholarships

U.S. Citizens, Permanent Residents, International Students

Student Loan Options

 
  • Federal Stafford Loans

U.S. Citizens and Permanent Residents

  • Federal Graduate PLUS Loan

U.S. Citizens and Permanent Residents

  • Private Alternative Student Loan

U.S. Citizens, Permanent Residents, International Students (with a U.S. co-signer)

International Student Loans

International Students (without a U.S. co-signer)

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Merit Scholarships

Each year Fuqua funds a limited number of highly competitive, merit-based scholarships that are awarded to admitted applicants. The Duke Executive MBA Office of Admissions reviews applicants and makes award determinations after a student is offered admission to The Duke Executive MBA program.

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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 regarding this loan program after reading the instructions and reviewing the loan applications, feel free to contact our Financial Aid Office at +1.919.660.7807 or emba_financial_aid@fuqua.duke.edu.  

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