• Overview |
• International Student Loans |
• Work-Study |

Financial Aid Overview

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.

Financial Assistance Available for MMCi: 

Learn more about Student Loan Options available from Duke University. 

International Student Loans

2011-12 Online Application

The student loan program for Fuqua's international students is offered through Coastal Federal Credit Union. Review the Frequently Asked Questions (pdf) for further details.  

Application Requirements:

• A US co-signer is not required.
• Notarization is required by a US Notary.
• Access US Notary services at a US Embassy in the country where you reside.
• To ensure the continuation of our competitive international loan program, we require additional documents to facilitate an easier repayment/collections process. You must provide the following documents to complete your loan application:
• A copy of your Resident Identification Card — if this does not apply in your country, please click here.
• 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 Fisicas (CPF).
• A copy of your Passport.
• A copy of your Visa — for students who are holding a US Visa (F-1, H1-B).
• A copy of your country of origin Driver's License.
 

Rates: Coastal Federal Credit Union 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 

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 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 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. 
• You are now applying for a line of credit to cover your entire educational experience.
• 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 after reading the instructions and reviewing the loan applications, please contact our Financial Aid Office at +1.919.660.8079 or finaid-info@fuqua.duke.edu. 

Federal Work-Study Program

The Federal Work-Study (FWS) Program is federally funded and supports the employment of students while they are in school. Once students complete the FAFSA and establish employment, they must visit our Financial Aid Office to be reviewed for FWS eligibility and to complete a Work-Study Authorization Form for payroll purposes. With Federal Work-Study, the federal funds and The Fuqua School of Business pay a student's salary jointly.

Students are responsible for securing their own employment within the school, which offers a variety of employment opportunities for interested students. Fuqua students average working six to eight hours per week and are paid by the hour biweekly for the hours worked.

Federal Work-Study awards are contingent on adequate federal funds being received by the University.

Please note that not all student positions require Federal Work-Study funding.