Duke FinAid: February Highlights

This monthly newsletter provides 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 the relevant page on our website, or you can scroll down for additional info. 

•   Renewal Aid

•   Don't Miss an Opportunity to Say "Thank You"

•   Summer School

•   Attn: Seniors - Loan Exit Counseling

•   New Facebook App Helps Students Find Scholarships

•   Upcoming Deadlines/Reminders

 

Renewal Aid   

Students must reapply for financial aid each year.  Students interested in institutional financial aid (Duke need-based grants) should complete all the financial aid renewal application requirements by May 1, 2012.  If you do not believe you will qualify for institutional financial aid but are still interested in federal loans and work study funding, you should just complete the FAFSA. 

You can find complete application details and instructions online, and you can track the progress of your financial aid application via your ACES To-Do List.

Don't Miss an Opportunity to Say "Thank You"

Are you the recipient of a named scholarship?  The New Year is a wonderful time to write to your scholarship donors to update them on your experience at Duke and to express your gratitude for their generous support.  Your donors will be delighted to hear from you!  

If you have questions regarding the scholarships you have received and whom to write, you can go to the Financial Aid tab on your ACES account.  You may also contact Morgan Pope at thankyou@dev.duke.edu with additional questions. 

Summer School   

Students are eligible for two summer terms of grant aid during your four years at Duke.  The aid is available for courses taken at Duke, at the Marine Lab, or as part of a Duke-in summer Global Education program.  Summer aid is calculated automatically; there is no separate summer financial aid application.  Full details available online.

A parent contribution is expected for each summer term, equal to 25% of your academic year parent contribution.  Summer I is based on the previous year parent contribution, and Summer II is based on the upcoming year parent contribution.

e.g. Your current year parent contribution is $20,000.  If you enroll in Summer I, your parent contribution for that term would be .25*20,000=$5000.

The summer school financial aid budget includes tuition, fees, room, board, books, and personal expenses.  Summer Global Education program budgets will also include airfare, visas, and vaccinations (if applicable).

Attn: Seniors - Loan Exit Counseling   

Federal regulations require all student loan borrowers to complete an Exit Loan Counseling session and a personal reference form prior to graduation.  Find out more about why Exit Loan Counseling is required.  Loan Counseling is conducted by the Student Loan Office and lasts about an hour.  During the session, you will receive a detailed listing of your loans, information regarding the repayment options available to you, your rights and responsibilities, and helpful tips for managing your loan debt.

Students have the opportunity to complete the loan counseling requirement several ways, including large group, small group, and individual counseling sessions.  To learn more and sign up to complete this requirement, click here.

New Facebook App Helps Students Find Scholarships

The College Board and MTV have created a new Facebook app aimed at helping students find financial resources for college.  The app is called MyCollegeDollars, and it provides customized scholarship searches based on a user's profile information.  The app can remind students when scholarship applications are due, provide information regarding scholarship criteria, and track the status of open scholarship applications.  If you’d like to learn more about the MyCollegeDollars project, you can visit the Facebook site at http://apps.facebook.com/mycollegedollars/.

Upcoming deadlines/reminders   

RoomPix Reminder
We consider your exact housing costs when you live on campus.  This means that your choice of housing neither reduces nor increases what your family is expected to contribute if you receive need-based financial aid.  If you live off campus, a standard housing allowance is included when determining your financial aid eligibility. 

ACES Reminder
You can view your up-to-date financial aid information, including your financial aid application To-Do List, your financial aid budget, and your financial aid award, via your ACES account.


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