The Admissions Office at The Fuqua School of Business oversees and manages the merit-based scholarship process. Every admitted applicant is considered for a merit scholarship, and if selected to be a recipient, will receive notification of their award within two weeks of their admission. Please contact the Admissions Office at +1.919.660.7705 if you have questions about merit-based scholarships.
The Fuqua School of Business has limited need-based scholarship funds available that are offered to MMS candidates demonstrating limited resources. As funds are limited, all applicants who wish to be reviewed for a need-based scholarship are required to complete and submit the online 2013-2014 Need Access Application.
Applicants must submit their most recent Federal Tax Forms: W-2 and IRS form 1040 including all supporting 1040 schedules. This information must be submitted for both student and the student's parent(s). If the student is married filing separately, spouse's W-2, form 1040 and supporting schedules must also be submitted.
Although students in graduate and professional programs are considered "independent" for federal student aid programs, parental information is required for need-based institutional aid to show the financial strength that can potentially support the student. Need based scholarship recipients are expected to have a level of self-help (i.e. student loans) as part of their financial aid resources to help finance the MMS program.
The Financial Aid Office must receive all required documents to make award decisions and send award notices.
Timeline for Need Access Application and Award Notices:
1 - November 12
2 - January 24
3 - March 6
4 - April 25
- Federal Direct Stafford Loans
- Federal Perkins Loans
- Federal Direct Graduate Plus
- Private Alternative Student Loan
For more information on the FAFSA, please access the FAQs.
Complete the 2013-14 FAFSA
Fuqua Title IV Code: 002920
College Name: Duke University, The Fuqua School of Business
Student and Fuqua Financial Aid receive FAFSA information, Student Aid Report (SAR) from the Department of Education.
The financial aid awarding process begins in April. Students will receive an electronic notice.
Student accepts/reduces/declines financial aid in ACES and completes the loan application process outlined in the financial aid award notice.
Estimated Domestic MMS Cost of Attendance 2013-2014
To view detailed Cost of Attendance information, please download this pdf.
(July - Aug.)
(Sept. - Dec.)
(Jan. - May)
|Educational Expenses |
(Student Bursar Account Charges)
|Fuqua MMS Tuition||15,734||15,733||15,733||47,200|
|Student Medical Insurance*||1,895||1,895|
|MMS Association (Gov't Fee)||450||450|
|Graduate Activity Fee||17||17||34|
|Graduate Recreational Facility Fee||87||87||174|
|Student Living Expenses|
|Fuqua Board (Food)||996||1,992||2,490||5,478|
|Total Cost of Attendance||19,969||26,661||26,358||72,988|
|Federal Loan Fees**||378||756||945||2,079|
|Student Loan Borrowing Eligibility***||20,347||27,417||27,303||75,067|
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. The cost of this medical insurance is determined by the various age ranges that are set for this plan. This medical insurance amount reflects the age range (24 thru 34) of the average Fuqua Daytime MBA student. 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:
Spousal Increase - Per student's request, we may increase up to 60% of living expenses (This is only considered for Fuqua students whose spouse is living with them during their studies at Fuqua, not employed and not a student)
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 $2,500.
Summer Math Review Course - This fee ($950) can be added to the cost of attendance only after registration has been confirmed with the Admissions Office.
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.
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.
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.
Who is considered for the Fuqua Merit Scholarship?
Every admitted MMS applicant is considered for merit scholarship.
How are the Fuqua Merit Scholarships determined?
Merit Scholarship recipients are selected by an Admissions Merit Scholarship Committee. The criteria for selection are prior academic achievement, demonstrated qualities of leadership, involvement in the community, extracurricular activities and professional accomplishments. The Merit Scholarship awards are made independent of determining a student’s eligibility for student loans.
Does Fuqua offer other scholarship or grant assistance?
The Fuqua School of Business has limited need-based scholarship funds available that will be offered to MMS candidates demonstrating limited resources.
Is it possible to borrow funds to meet the costs of attending Fuqua?
A variety of student loan programs are available to students enrolled at Fuqua. You are eligible to apply for a combination of federal and alternative student loans to meet their cost of tuition, fees, books, and related living expenses as estimated in the cost of attendance.
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 with 2012 Federal Tax Returns).
To apply for 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 required requested, you will receive a financial aid award notice as stated above. Our financial aid office begins 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.