- May 1, 2013 - FinAid Highlights: May
- Apr 1, 2013 - FinAid Highlights: April
- Mar 1, 2013 - FinAid Highlights: March
Duke FinAid: December Highlights
This monthly newsletter features relevant information, helpful tips, and upcoming deadlines to help you make the most of the financial aid available to you. For each headline, you can click the available link to be redirected to our website, or you can scroll down for additional info.
Students have the opportunity to receive institutional financial aid for up to two summer terms, including summer Duke-In Global Education programs. Students may receive federal financial aid for each and every summer term of enrollment. There is no separate summer financial aid application. Find out more.
According to federal regulations, the information that can be shared with a parent or other individual regarding a student’s account is limited. In order to enable families to access full billing and aid information, students can enable “guest access” on their ACES accounts. When enabled, guest access allows the guest to view billing info associated with the account in order to make payments. Guest access can be enabled or disabled at any time by the student, and changes can be made regarding what type of information is viewable by permitted guests. To learn more about guest access and how it can be enabled through ACES, please see the step-by-step online guide by clicking here.
With the New Year approaching, it is time for students to begin thinking about the aid reapplication process. Several new regulations have been put in place by the Department of Education regarding financial aid for the 2013-14 academic year. As a result of these changes, students should follow the steps below when reapplying for financial aid in order to ensure the easiest transition possible in the upcoming year.
Step 1: Families should file taxes with the IRS before the April 15th federal deadline. Those students who will be applying for need-based financial aid are encouraged to file electronically to expedite the filing and aid application process.
Step 2: File the Free Application for Federal Student Aid (FAFSA) form online at www.fafsa.gov and use the “IRS Data Retrieval” option. While a FAFSA can be submitted without using IRS Data Retrieval, new regulations make this option the most expedient method for aid applicants to receive assistance. In some cases, students and families who do not initially select this option will be required to resubmit the FAFSA using IRS Data Retrieval, so to avoid unnecessary delays, all students are strongly encouraged to use this option.
Step 3: File the CSS Profile online at the College Board’s website at https://profileonline.collegeboard.org.
Step 4: Submit all tax forms (including business taxes if applicable) to the College Board’s IDOC service.
Step 5: Submit the noncustodial Profile online (if applicable) and send all noncustodial tax returns and wage statements to the Undergraduate Financial Aid Office.
In addition to tuition, fees, housing, meals, travel, books, and supplies, the Financial Aid Office considers the cost of personal and miscellaneous expenses when determining your financial aid eligibility. The amount considered is an estimate and is standard for all students. Students can view what’s considered in their financial aid budgets via their ACES accounts at http://www.siss.duke.edu/siss/aces.
Grants and scholarships are not provided for discretionary expenses like fraternity or sorority dues or graduate school prep courses. If students need additional funding and want to know if they have additional federal loan or work study eligibility, they can email their counselor to find out more.here.
If you will be taking classes in summer 2013, and your athletic scholarship will not be awarded during that period, you can apply for need-based aid. The deadline to apply is February 1, 2013. For steps on how to apply, please follow the instructions provided on our website at http://www.finaid.duke.edu/undergraduate/current/apply/renewal.html.
New Tool Available for Managing Loan Debt!
Duke student loan borrowers now have the ability to view all of their Duke student loans in one place. Students can see a comprehensive list of their Duke student loans, interest rates, and loans fees for each loan by logging in to ACES at http://www.siss.duke.edu/siss/aces and viewing the new page labeled "My Loan Info."
Personal Finance@Duke is offering the following workshop for the month of December:
Your Money, Your Choices, Your Life: Come out for this brown bag session to learn what's in your credit report and how it affects your credit score. Others are looking at your credit report, shouldn't you?
This workshop will be held in Perkins 217 from Noon-1:oo p.m.
For more information or to register, visit us at www.personalfinance.duke.edu.
Financial Aid for Spring Semester
Duke student loans, grants, and scholarships for the spring semester will not disburse to students' Bursar accounts until 10 days before the first day of classes. Students may log in to ACES to view their financial aid awards for the spring semester as well as the most recent billing statement from the Office of the Bursar.
Winter Break Housing for International Students
Limited housing is available for international students who need to remain on-campus over the winter break. The application deadline for winter break housing is rapidly approaching, so all interested international students should contact the International House to learn more.Visit us on the web
Email us for more information
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