Daytime MBA



Types of Financial Assistance

Merit Scholarships

Every admitted applicant will be considered by an Admission Scholarship Committee 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 includes 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 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 list 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 is required to be considered.

Keller Scholars

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, endowments, and corporate donors. The Admission Scholarship Committee selects Keller Scholars based on academic excellence and strong commitment to improving their communities through leadership and service.

Student Loan Options

Yellow Ribbon Program – United States Veteran Affairs (VA) Educational Benefit

Fuqua Loan Assistance Program (LAP)

The Fuqua Loan Assistance Program (LAP) provides financial assistance, in the form of loan forgiveness awards, to qualifying Duke MBA—Daytime alumni who work full-time for eligible nonprofit and government organizations.

The Center for the Advancement of Social Entrepreneurship (CASE)

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:

Type of Assistance

Eligible Students

Class of 1990 Nonprofit and Small Business Internship Award

First-year students who choose a summer internship with a nonprofit, public, or small to medium size company.

CASE Summer Internship Program

First-year students who pursue summer internships with nonprofit organizations and public agencies.

CASE Social Sector Scholarship

First-year students with nonprofit experience who intend to return to social sector careers upon graduation.

Peace Corps Paul D. Coverdell Fellows Program

Students who have satisfactorily completed service in the U.S. Peace Corps and who engage in community service while enrolled.

Applying for Financial Aid

For more information on the FAFSA, please access the FAQs.

Step 1

Complete the 2014-15 FAFSA

Fuqua Title IV Code: 002920
College Name: Duke University, The Fuqua School of Business

Step 2

Student and Fuqua Financial Aid receive FAFSA information, Student Aid Report (SAR) from the Department of Education.

Step 3

The financial aid awarding process begins in April. Students will receive an electronic notice.

Step 4

Student accepts/reduces/declines financial aid in ACES and completes the loan application process outlined in the financial aid award notice.

Cost of Attendance

Estimated Domestic Daytime MBA Cost of Attendance
2015-2016 (9-Month Period) 

Download PDF 

 

To view detailed Cost of Attendance for the 2014-15 Academic year information, please download this PDF.

 
  First Year Student
Class of 2017
  Second Year Student
Class of 2016
  Fall
2015
Spring
2016
Academic Year Fall
2015
Spring
2016
Academic Year
Educational Expenses
(Student Bursar Account Charges)
Fuqua Daytime Tuition 30,300 30,300 60,600   30,300 30,300 60,600
Student Medical Insurance* 2,100   2,100 2,100   2,100
Health Fee 376 376 752 376 376 752
MBA Association (Gov't Fee) 450   450 450   450
Graduate Activity Fee 17 17 34 17 17 34
Graduate Recreational Facility Fee 130 130 260 130 130 260
Transcript Fee 40   40      
Graduate Student Services Fee 10  10  20  10  10  20
Pre-Term Fee 1,800   1,800      
Total 35,223 30,833 66,056 33,383 30,833 64,216
Educational Supplies
Books/Course Packs 650 650 1,300   650 650 1,300
Total 650 650 1,300 650 650 1,300
Student Living Expenses
Board (Food) 2,282 2,282 4,564    2,282 2,282 4,564
Housing 3,915 3,915 7,830 3,915 3,915 7,830
Miscellaneous 1,710 1,710 3,420 1,710 1,710 3,420
Transportation 855 855 1,710 855 855 1,710
Phone Service 292 292 584 292 292 584
Total 9,054 9,054 18,108 9,054 9,054 18,108
Total Cost of Attendance 44,927 40,537 85,464 43,087 40,537 83,624
Federal Student Loan (FSL) Fees** 1,670 1,473 3,143 1,587 1,473 3,060
FSL Student Loan Borrowing Eligibility*** 46,597 42,010 88,607   44,674 42,010 86,684

 

For more information about tuition due dates and the billing schedule please visit the University Bursar Office website.

*Student Medical Insurance Plan is required for all Fuqua Daytime MBA students and is charged during the fall semester. It can be waived if you have other health insurance coverage. Please contact our Financial Aid Office if your Duke-sponsored Student Medical Insurance Plan cost is different from this amount. We will adjust your COA accordingly. The actual cost of the Student Medical Insurance Plan is established in late spring each year. The University Student Affairs Office provides additional information regarding student medical insurance with fall tuition statements.

**Federal Loan Fees are automatically added to the budget assuming the student is borrowing the Stafford and/or Graduate Plus Loan. If a private/alternative loan is borrowed these fees will have to be reduced or removed.

***The Student Loan Borrowing Limit will be reduced by any other financial aid received (i.e. scholarships). This cost of attendance will determine the total amount of your Financial Aid eligibility.


 

 

Additional Considerations to Increase the Cost of Attendance:

Students must request these additional considerations in writing.

Federal Student Loan Programs (i.e. Graduate PLUS Loan) may be used for the following increases:

  • One-Time Computer Increase: Students must submit an invoice or quote for the price of the computer in order to receive this increase up to the $2,000.
  • Summer Math Review Course: This fee ($950) can be added to the cost of attendance only after registration has been confirmed with the Director of Quantitative Assessment and Academic Preparation.
  • Study Abroad Expenses (i.e. Exchange, GATE, Global Consulting Practicum): Students can apply for this increase once they have been approved for the trip. The student will need to submit a financial aid application and apply for the additional funding with his/her lender based on the budget of the trip. 
  • Dependent/Child Care Expense: A $5,000 allowance may be factored for certified Dependent/Child Care expenses. Please contact our office for details regarding the regulations and documentation required for a dependent/child care allowance.

Private Student Loan Programs ONLY may be used for the following increases:

  • Duke Student Health Insurance Family Coverage: This increase may be made to the cost of attendance when proof of coverage is presented to the Financial Aid Office.
  • Statements and explanations provided by the student for immediate family expenses do not constitute supporting documentation for budget adjustments. Depending on the reason for the increase request, and in order for the Financial Aid Office to determine if an increase is allowable, students may be asked to submit additional supporting documents beyond those originally submitted. Per student's request and depending on special circumstances, we may consider an additional cost of living expense increase up to 60% of the standard living expense allocation (this is only considered for Fuqua students whose spouse is living with them during their studies at Fuqua, not employed and not a student).       

Non-Allowable Cost of Attendance Adjustments: Expenses incurred for interview activities coordinated by Fuqua (i.e. Weekend-In-Cities) and general interview trips are not considered for financial aid purposes because they are not standard requirements within the curriculum.

Please Note: Due to Federal Law, personal consumer debt (i.e., credit cards, car loans, etc.) cannot be factored into the cost of attendance.

FAQs

Who is considered for the Fuqua Merit Scholarship?
Every admitted applicant is considered for a merit scholarship.

How are the Fuqua Merit Scholarship awards determined?
Merit Scholarship recipients are selected by an Admissions Merit Scholarship Committee. The selection criteria includes prior academic achievement, demonstrated leadership, community involvement, extracurricular activities and professional accomplishments. These awards are for the two-year MBA program duration and range from partial to full tuition.

Fuqua's Merit Scholarships are awarded on a two-year basis to enable applicants to plan for the entire cost of a Fuqua education. There is no funding for new awards in the second year. Thus, students who enroll without scholarship funding the first year should not anticipate an award for the second year of the program.

Merit Scholarship awards are made independent of determining a student’s eligibility for student loans.

Does Fuqua offer other scholarship or grant assistance?
Merit Scholarship awards are the only form of gift assistance offered by Fuqua. No other grants or scholarships are available. There are a limited number of award programs available to students who were not offered a Merit Scholarship. Based on academic standing and achievement, the Financial Aid Committee will select and invite students to apply for consideration at the end of the first spring semester. These modest awards are generally made during the summer or early fall.

How do I apply for student loans?
To apply for federal student loans each student should complete the Free Application for Federal Student Aid (FAFSA). The FAFSA for the upcoming academic year will be available after January 1st.  Applicants are encouraged to complete the FAFSA prior to their admission decision. The FAFSA should be completed with your previous year federal tax returns (i.e. 2013-14 FAFSA would be completed witih 2012 Federal Tax Returns).

To apply for a Private/Alternative Loan you will select your lender of choice and complete the application with that lender.

How will I know if my financial aid application is complete?
Approximately one week after you submit your FAFSA, you will receive a Student Aid Report (SAR), which will indicate the receipt and initial processing of your application. Our financial aid office receives an electronic copy of the SAR. The FAFSA data for admitted students is reviewed for accuracy and completeness. If additional information is needed, you will receive a written request from Fuqua. If no additional information is requested, you will receive a financial aid award notice. Our financial aid office begins a review of financial aid applications in March and sends out award notices on a rolling basis. If you are admitted and have completed your FAFSA after March 1st, it will take approximately one month to receive an award notice.  Once you have completed your loan promissory notes, as instructed in the award notice, it will take approximately 2-3 weeks for your lender to follow up with an approval notice/disclosure statement verifying your approval. 

When should I start contacting lenders to apply for a Private/Alternative loan?
Contact lenders after you have received your award notice. Students who anticipate borrowing alternative student loans may consider contacting lenders earlier to make certain that they are creditworthy loan borrowers.