Types of Financial Assistance



DUKE MOVES TO DIRECT LENDING

Beginning with the 2010-2011 academic year, Duke joins hundreds of other U.S. colleges and universities in the Federal Direct Student Loan Program. See full press release

Types of Financial Assistance for The Duke Executive MBA programs

Type of Assistance

Eligible Students

Merit Scholarships

U.S. Citizens, Permanent Residents, International Students

Student Loan Options

 

U.S. Citizens and Permanent Residents

U.S. Citizens and Permanent Residents

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

International Student Loans

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

Yellow Ribbon Program

U.S. Veteran Affairs (VA) Educational Benefit

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.

International Student Loans

2011-12 Online Application

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.
  • In order to ensure the continuation of our competitive international loan program, we require additional documents to facilitate an easier repayment/collections process. You will be asked to provide the following types of documents to complete your loan application.
    • Copy of your Resident Identification Card — If this concept does not apply in your country, please click here to determine the document to provide. For example: Chinese students should supply a copy of their Resident Identification Card (RIC). Indian students should supply a copy of their Permanent Account Number (PAN), issued by the Income Tax Office. Brazilian students should supply a copy of Cadastro de Pessoas Físicas (CPF).
    • A copy of your Passport
    • A copy of Visa — for students who are holding a U.S. Visa (F-1, H1-B)
    • A copy of your country of origin Driver's License

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.

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.