Duke FinAid: May 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. 

•  IMPORTANT! Financial Aid Data Retrieval

•  Financial Aid Verification

•  Summer Earnings Grant Replacement

•  Personal Finance at Duke

•  Summer Work Study at Duke

•  Upcoming Deadlines/Reminders

 

IMPORTANT! Financial Aid Data Retrieval

This year, Duke is requesting that all students submitting the Free Application for Federal Student Aid utilize the IRS Data Retrieval Tool.  If you have already completed the FAFSA application but have not utilized the tool, you will need to log onto www.fafsa.gov and submit a FAFSA correction.  Once you have logged into www.fafsa.gov, complete the steps on the FAFSA website in order to import your household tax information from the IRS database.  

If you are unable to use the IRS Data Retrieval Tool after logging into www.fafsa.gov, the information may be submitted to our office via an IRS tax transcript.  You may request a copy of your household's IRS tax transcript by  ordering a transcript online, by calling 1-800-908-9946, or by mailing the IRS Form 4506.  Please indicate the student's name at the top of the transcript so we are sure to know who it is for.

Financial Aid Verification

Students who have been selected for verification by the federal government will be notified by the financial aid office via email, and a notification will appear on the ACES checklist.  The notification email will contain instructions on any additional steps students may be required to take in order to receive financial aid.  The notification and ACES To-Do item will be issued automatically; students do not need to contact the financial aid office to initiate this process. 

Summer Earnings Grant Replacement

If you participate in summer activities that are part of your Duke curriculum (including Duke Engage and Duke Global Education programs), part or all of your student contribution may be reduced and replaced with additional grant funds during the following academic year.  The amount of summer earnings grant replacement awarded depends on the length of your summer enrollment as well as your federal need (based on the FAFSA).  This will be awarded automatically to all those who are eligible; no application or notice is required.  Find out more.

Personal Finance at Duke

Duke University has a new website!  Personal Finance@Duke 

This website is designed to empower Duke students and alumni to make informed financial decisions by providing them with financial management knowledge and skills necessary to navigate life events that affect everyday financial decisions, discuss issues surrounding personal finances, and plan for the future.

Visit us at www.personalfinance.duke.edu for more information.  

Summer Work Study at Duke

If you are enrolled in classes on Duke's campus during a summer term, your initial need-based financial aid package will include a work study award.  Work study for summer works the same way as it does for the academic year, except the award amount is smaller because the summer term earning period is shorter.

Please Note: Due to federal budgetary shifts, work study will not be available for non-enrolled students during the summer terms.

Upcoming deadlines/reminders   

Renewal financial aid applications
Renewal financial aid applications were due May 1, 2012. If you missed the deadline, your eligibility won't change but your financial aid might not show up on your first bill.  You can find out what needs to be completed by checking ACES To-Do List, and you may want to learn more about our policies for late applications.

Go back to our home page
Email us for more information

Manage your Duke Mailing List subscriptions to subscribe to or unsubscribe from this monthly email update