Duke FinAid: June 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. 

•   FLEX
•   Food
•   Robert C Byrd Scholarship Eliminated
•   Upcoming deadlines/reminders

FLEX
The Flexible Spending Account (FLEX) allows you to add money to your Duke card to purchase textbooks, laundry services or phone and cable TV bills.  Please be advised that if you charge FLEX account deposits to your Bursar’s office, you are responsible for arranging payment to the Bursar’s office in order to ensure your account remains is good standing.  Financial aid cannot provide any grants or loans to help cover this charge.

Food
The first-year dining plan includes 12 meals in the Marketplace on East Campus as well as food points to cover additional food expenses.  Each food point is equivalent to $1, and you will have $320-415/semester, depending on which dining plan you select.  This works out to roughly $25/week, so you will need to budget accordingly.  If you need to add dining points later in the semester, please be advised that this will be added as a charge on your Bursar account and you will need to arrange payment to the Bursar’s office to ensure your account remains in good standing.  The financial aid budget includes an allowance of $3005/semester for food.

Robert C Byrd Scholarship Eliminated
On April 15, 2011 the 2011-12 federal budget signed by President Obama eliminated all funding for the Robert C. Byrd Scholarship program effective beginning in the 2011-12 award year.


Upcoming deadlines/reminders  
Housing
Housing assignments will be sent to incoming freshman on June 22. The financial aid award will cover actual housing charges. We will be notified of any changes to your room assignment and adjust your financial aid award accordingly.

Bills
Bills will be mailed on or around June 26 to each student’s permanent home address.  They will  also be available on ACES.  For families who submitted an on-time financial aid application, awards should be reflected as pending aid on the bill.  Any loans must be accepted on ACES and promissory notes completed online before they will be reflected as pending aid on the bill. For those who submitted applications after the deadline, awards will be posted as soon as they are available.  Arrangements for payment of balances due via loans, wire transfers, personal checks, or payment plan should be made prior to August 1st to avoid any late payment fees.

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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