Duke FinAid: January 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. 

•   Summer Global Education

•   How Housing Affects Your Aid

•   How being an RA affects your aid

•   Upcoming Deadlines/Reminders

 

Summer Global Education   

You are eligible for two summer terms of need-based financial aid during your four years at Duke.  This aid is available for courses taken at Duke, at the Marine Lab, or as part of a Duke-in summer Global Education program. Check out the link above for information on how financial aid for summer school is determined.  There, you will also find links to information specific to financial aid for summer Global Education programs.

How Housing Affects Your Aid   

Each year, the financial aid budget for students living on campus includes exact housing charges.  Should your housing charges change throughout the academic year, your financial aid budget and financial aid award will be adjusted to reflect your actual housing charges.  Your expected family contribution thus neither increases nor decreases based on your choice of dorm or room type. 

If you live off campus, financial aid will still budget for food and housing expenses.  The food budget is equivalent to the average of Dining Plans D and E for upperclassmen ($2660/semester for 2011-12), and the housing budget is equivalent to a two-bedroom suite on Central Campus ($3020/semester for 2011-12). You can view your financial aid budget via your ACES account.

How Being an RA Affects Your Aid   

If you are an RA, this will impact your financial aid award.  The value of the free room, meal allowance, and stipend is factored in like an outside scholarship, replacing loans and work-study first before reducing any Duke grant.  Being an RA does not reduce your family contribution.

Upcoming Deadlines/Reminders   

North Carolina Tuition Grant Application Deadline
If you and your parents are North Carolina residents and you have not previously completed the application for the North Carolina Tuition Grant, you may be eligible to receive a grant of $695 for the Spring Semester. If you have not already done so, please complete the form linked above and fax, mail, or drop off the completed form at our office by January 26th. No applications received after the due date can be considered.

Renewal Financial Aid Applications
Renewal financial aid applications are due May 1, 2012.  You’ve got plenty of time, but you may want to remind your parents or guardians and be sure to keep your financial documents (W2 Form, Form 1098, etc.) organized! If you'd like more detailed instructions on the renewal application process, please visit the link above.


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