Alert Message
Thanks for signing up! We hope you enjoy our newsletter, The Teller.
how to pay for duke

How to Pay for Duke University

Low rates. No fees. Just money for college.

Apply Now

From the Nicholas School of Environment to the Fuqua School of Business, Duke students have a broad range of learning options—as well as a variety of ways to pay for their education. A top-ranked university for their undergraduate (recently ranked eighth in the nation) and many graduate programs, Duke boasts not only a gorgeous campus but also a top-tier education that’s been around since the 19th century. Read on for more on how to finance your education at Duke University.

How much does it cost to attend Duke?

The cost of attending Duke depends on which program you’ll be attending. Undergraduates pay just shy of $50,000 in tuition per year, which adds to nearly $70,000 with housing and other expenses taken into account. Keep in mind that over a four-year bachelor’s program, this adds to almost $300,000. That said, 50% of undergraduates at Duke receive some form of financial aid, so chances are decent you won’t be responsible for this whole amount.

Students at Duke Law, which is ranked eleventh in the nation by U.S News, were charged $56,500 in tuition for the 2015-2016 school year, with the total cost of attendance estimated to be closer to $80,000. Tuition for MBA students at Fuqua was $60,600, whereas MD candidates at Duke paid almost $58,000 for the year.

What kind of financial aid does Duke offer?

Luckily, many students won’t have to pay the full amounts listed above due to generous scholarships and other forms of aid.

For undergraduates, Duke pledges to meet 100% of each student’s financial need beyond what their parents can pay. The school does this by offering scholarships, work-study, and student loans. Duke also provides full-tuition scholarships to talented students.

The Benjamin N. Duke Scholarship, for example, covers tuition, fees, and room and board, and can be renewed for up to four years. This scholarship is awarded to emerging leaders from the Carolinas and allows students to demonstrate their leadership skills both on campus and in the surrounding community, as well as spending two of their summers completing domestic and international service projects. The Alumni Endowed Undergraduate Scholarship and Angier B. Duke Scholarship are two additional fully funded scholarships available to Duke undergraduates.

Duke also demonstrates a commitment to international undergraduates with some specialized programs. The Karsh International Scholars Program, for example, awards international students full tuition, room, board, and other fees and expenses, as well as the opportunity to secure up to $7,000 in funding for research or service opportunities in the three summers between academic school years. The MasterCard Foundation Scholars Program is another scholarship available to students from sub-Saharan Africa who demonstrate financial need and merit.

There are scholarships available for high-achieving graduate students as well. All applicants to the Duke Law School are considered for a full-tuition scholarship via the Mordecai Scholars Program, awarded to up to as many as eight students per year who have demonstrated extraordinary leadership and academic accomplishment.

Fuqua business students will be considered for merit-based scholarships upon applying to the program; U.S. Military service members, those who have participated in the U.S. Peace Corps, and students with social sector backgrounds will also be considered for individual scholarships.

The Duke University School of Medicine provides both merit scholarships and need-based grants, totaling more than $10 million in a recent year.

What kinds of extras should I expect to pay for at Duke?

Both Greek life and basketball are popular at Duke. While a few Duke shirts won’t break the bank, if you plan on being a committed fan and following the team to away games, consider how much you might spend on travel.

Greek life at Duke is popular but not a necessary aspect of having a social life there. If you do decide to participate, remember that dues alone will cost you at least a few hundred dollars per year, not to mention the cost of outfits for special events (yes, people tend to get dressed up here) and one-time fees upon joining, and other additional expenses associated with Greek life.

As for transportation, Duke offers an extensive bus system to students that make it easy to get around campus. If you do decide to bring a car, you’ll need to pay for a parking permit, and will not be able to drive to class. Beyond parking, consider costs associated with car ownership, such as insurance, tickets, and car payments.

Low rates. No fees. Just money for college.

Apply Now
Disclaimer: This blog post provides personal finance educational information, and it is not intended to provide legal, financial, or tax advice.