MMS: Duke Kunshan University (DKU)



Types of Financial Assistance

Merit Scholarships

Duke Kunshan University (DKU) Admissions oversees and manages the merit-based scholarship process. Merit scholarships are awarded based on a candidate's overall profile. In order to be considered for a merit scholarship, please complete the scholarship essay in the MMS: DKU online application. Please contact the Admissions Office at mms-dku-info@fuqua.duke.edu if you have questions about merit-based scholarships.

Student Loan Options

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 Kunshan University (DKU)

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

Master of Management Studies: Duke Kunshan University (MMS: DKU)
Estimated Cost of Attendance for 2014-15

 

Term 1
Summer
(July - Aug.)

Terms 2 & 3
Fall (Sept. - Dec.)

Terms 4 & 5
Spring
(Jan. - May)

Academic
Year

Educational Expenses
(Student Bursar Account Charges)

Fuqua MMS Tuition

9,580

19,160

19,160

47,900

Health Insurance

   

1,000

1,000

Study Away Fee*

6,717

 

 

6,717

         

Total

16,297

19,160

20,160

55,617

Educational Supplies

Books/Course Packs

289

578

722

1,589

Total

289 578

722

1,589

Student Living Expenses

Housing

0

0

1,313

1,313

Board (Food)

1,014

2,028

2,100

5,142

Miscellaneous

758

1,516

2,232

4,506

Transportation

366

732

2,900

3,998

Total

2,138

4,276

8,545

14,959

Total Cost of Attendance

18,724

24,014

29,427

72,165

Federal Loan Fees**

609

846

1,089

2,544

Federal Stafford Loan Borrowing Eligibility

6,833

6,833

6,834

20,500

Federal Graduate PLUS Borrowing Eligibility

12,500

18,027

23,683

54,210

Total Federal Student Loan Borrowing Eligibility***

19,333

24,860

30,517

74,710

*Student Medical Insurance Plan is required for all MMS: DKU students and is charged during Term 1 as part of the "Study-Away" fee. 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 of the average Fuqua MMS 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 Bursar’s 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 (1.072% fee) and/or Graduate Plus Loan (4.288% fee). If a private or 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.  

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.

Airfare to Shanghai: Estimated for Coach/Economy at $1,500.          

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

How are the MMS: Duke Kunshan University (DKU) merit scholarships determined?
Merit scholarship recipients are selected by an Admissions Merit Scholarship Committee. Merit scholarships are awarded based on a candidate's overall profile. In order to be considered for a merit scholarship, please complete the scholarship essay in the online application. The merit scholarship awards are made independent of determining a student's eligibility for student loans.

Does DKU offer other scholarship or grant assistance?
No.

Is it possible to borrow funds to meet the costs of attending MMS: DKU?
A variety of student loan programs are available to students enrolled in MMS: DKU. You are eligible to apply for a combination of federal and alternative student loans to meet the 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 1. 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. 2014-15 FAFSA would be completed with 2013 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 DKU. If no additional information is required, you will receive a financial aid award notice as stated above. Our financial aid office begins reviewing 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 1, 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.