Executive MBA and Cross Continent





Types of Financial Assistance

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.

Private Alternative Student Loan

An International Student with a U.S. co-signer can borrow through other financial institutions at possibly a lower interest rate than the Coastal Federal International Student Loan Program. Private/Alternative Loans are credit-based student loans that require a U.S. Citizen or Permanent Resident co-signer. Students may borrow up to the Cost of Attendance less other financial aid. These loans provide for in-school deferment of payments and a post-graduation grace period. Both the grace period and the repayment period can vary by lender. Please refer to the Duke University Recommended Lender List to view a list of loan programs and to learn more about specific interest rates, repayment terms, and other loan features.

Coastal Federal Credit Union International Student Loan

Fuqua is proud to offer a student loan program for international students through Coastal Federal Credit Union (Coastal). Coastal is a successful and long-standing financial institution and does not require a co-signer. You are applying directly for a line of credit with Coastal. 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 Federal Credit Union offers a very competitive rate of prime plus 5%. With the current prime rate of 3.25%, the rate would be 8.25%. Effective January 1, 2013, all new Coastal Loan borrowers will be charged a 3% origination fee that will be added to the principal borrowing amount.

External Funding Sources for International Students

We have provided a list of external funding programs from various international agencies. We encourage you to view the list of programs as you may find a suitable funding source.

Applying for Student Loans

Step 1

View Financial Aid instructions for your program and class

Step 2

Complete one of the following student loan applications:

Step 3

Complete & submit the appropriate Fuqua Financial Aid Form:

Step 4

Once the lender reviews and pre-approves your loan request, they will send the school a certification request

Step 5

The school will send a loan certification file to the lender, confirming the approval

Step 6

Loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class

Program Cost

Program Cost, for International Students:
Cross Continent | Global Executive | Weekend Executive

To view detailed Program Cost information, please download this pdf.

Program

Cross Continent

Graduating Class 2012 2013
Academic Year 2011-2012 2012-2013 2012-2013 2013-2014
Educational Expenses (Student Bursar Account Charges)        
Tuition Charges Per Term:        
Term 1 25,067   26,317  
Term 2 20,067   20,317  
Term 3 20,067   20,317  
Term 4 20,067   20,317  
Term 5   20,066   20,316
Term 6   20,066   20,316
Total Tuition Charges 125,400 127,900
Graduate Activity Fee 34 17 34 17
Transcript Fee 40   40  
Total Standard University Program Charges Per Academic Year 85,342 40,149 87,342 40,649
Total Standard University Program Charges 125,491 127,991
Tuition Deposit for EMBA Programs (5,000)   (6,000)  
Possible Student Loan Borrowing Eligibility Per Academic Year (Less Tuition Deposit) 80,342 40,149 81,342 40,659
Possible Total Student Loan Borrowing Eligibility Per Program (Less Tuition Deposit) 120,491 121,991

The Coastal Federal International Loan has a maximum borrowing limit of $170,000 for all years of study. 

Please access this link for the Cross Continent Fee Schedule.

 

Program

Global Executive

Graduating Class 2013 2014
Academic Year 2012-2013 2013-2014 2012-2013 2013-2014
Educational Expenses (Student Bursar Account Charges)        
Tuition Charges Per Term:        
Term 1 36,500   37,720  
Term 2 29,000   30,220 
Term 3  29,000   30,220 
Term 4 29,000   30,220 
Term 5   29,000   30,220
Total Tuition Charges 152,500 158,600
Graduate Activity Fee 34   17 34 
Transcript Fee 40   40  
Total Standard University Program Charges Per Academic Year 123,574 29,000 37,777 120,914
Total Standard University Program Charges 146,674 158,691
Tuition Deposit for EMBA Programs (7,500)   (7,500)  
Possible Student Loan Borrowing Eligibility Per Academic Year 116,074 29,000 30,277 120,914
Possible Total Student Loan Borrowing Eligibility Per Program 145,074 151,191
The Coastal Federal International Loan has a maximum borrowing limit of $170,000 for all years of study. 

Please access this link for the Global Executive Fee Schedule.

Program

Weekend Executive

Graduating Class 2012 2013
Academic Year 2011-2012 2012-2013 2012-2013 2013-2014
Educational Expenses (Student Bursar Account Charges)        
Tuition Charges Per Term:        
Term 1 21,000   23,840  
Term 2 21,000   21,340  
Term 3 21,000   21,340  
Term 4 21,000   21,340  
Term 5   21,000   21,340
Term 6    
Total Tuition Charges 105,000 109,200
Graduate Activity Fee 34   34  
Transcript Fee 40   40  
Total Standard University Program Charges Per Academic Year 84,074 21,000 87,934 21,340
Total Standard University Program Charges 105,074 109,274
Tuition Deposit for EMBA Programs (2,500)   (2,500)  
Possible Student Loan Borrowing Eligibility Per Academic Year 81,754 21,000 85,434 21,340
Possible Total Student Loan Borrowing Eligibility Per Program 102,574 106,774

The Coastal Federal International Loan has a maximum borrowing limit of $170,000 for all years of study.

Please access this link for the Weekend Executive Fee Schedule.

FAQs

How should I apply for financial aid?
All students requesting loan assistance must complete and submit The Duke Executive MBA Financial Aid Form to the financial aid office. Once you select a private student lender, complete the lender's online loan application for pre-approval.

When should I apply for financial aid?
Students requesting financial aid must apply each academic year of their program. International students may begin applying for the private student loan, including the no co-signer international student loan, in March.

How will I know if my financial aid application is complete?
Generally, we will begin the Financial Aid review in March. Your lender will provide you with a pre-approval notice. The Financial Aid Office usually receives the same confirmation from the lender, requesting that we certify your loan request.

How is financial aid eligibility calculated?
Financial aid eligibility is based on the cost of attendance, income and assets of students, tuition assistance from employers all factor into the determination of the eligible loan amount.

Once my financial aid eligibility is calculated, how much financial aid can I expect to receive?
Depending on the students requested loan amount, generally, most students applying for private student loans receive up to their cost of attendance minus other aid. Students applying for the no co-signer international student loan may receive up to their cost of tuition minus their deposit and other aid.

I received my financial aid award, but what if I need additional funds?
Students must request additional loan funds that exceed their cost of attendance in writing. If the request is granted, students can apply for private student loans to help cover the cost of attendance for their program each academic year. Please see the Duke University Recommended Lender List for additional recommendations.

When should I start contacting lenders to apply for student loans?
Since private student loan programs are credit-based, students who anticipate borrowing private student loans may consider contacting lenders during March to make certain that they are creditworthy loan borrowers.

Most of the student loan applications are completed and processed electronically. Therefore, paper applications are unnecessary. Generally, you will visit a lender's website to apply for a loan and electronically complete the promissory note. Subsequently, lenders will transmit your loan request to our financial aid office, so the loan may be certified and processed electronically.

When do I repay my student loans?
Private student loans carry a 6-9 month grace period (depending on the lender)from the date of graduation, date that a student drops below half time, or withdraws from school.

Before it is time to start repayment you should receive a repayment schedule from the lender of your student loans. This disclosure should inform you of the total amount borrowed, current interest rate, and the total amount you will pay over the life of the loan if you follow the repayment schedule.

I received my tuition bill but my financial aid does not show up.
Financial aid is disbursed to the student bursar accounts no earlier than ten days before the start of each term. The Duke Executive MBA Program Office is aware of this guideline. As a result, students receiving financial aid from guaranteed sources (such as certified private student loans) only need to pay the amount of tuition that their aid does not cover. Students receiving financial aid can review their financial aid award to determine disbursement amounts.

Can I view my financial aid status online?
Admitted students can view their financial aid award online through the ACES website. Your Net ID and password are required to log in.

I am receiving tuition assistance from my employer. How does this affect my financial aid?
Employer Tuition Assistance is considered an additional financial resource and will affect eligibility for student loans.