Supporting your investment

Earning an MBA degree is a significant investment, and we’re committed to helping make it possible for all qualified and committed candidates. Our financial aid office can work with you to make this process flow smoothly by providing you with the guidance and resources you need to finance your education.

Learning More about Scholarships and Loans

There are various types of financial aid—often made up of scholarships, student loans, or a combination of both. Here, you’ll find information on scholarships, available loan programs, and the application process.

Please read the Fuqua Financial Aid Guide Book (Policies & Procedures) to learn more before proceeding with your application.

For each financial aid program, be sure to consider:

  • Eligibility requirements
  • Loan application deadlines
  • Other implications, such as repayment conditions

Contact Us

If you have questions about financial aid or need assistance with the process, please don't hesitate to contact our financial aid office.

Financial Aid Fast Facts

  • Please note that prompt responses to requests for extra information or documents will help us process your application more quickly.

Merit Scholarships

Every admitted applicant is considered for a merit scholarship. These awards are for the duration of the Accelerated Daytime MBA program and range from partial to full tuition. For questions regarding scholarship awards or to receive more information about the scholarship review process, please contact your admissions counselor.

Criteria for selection:

  • Prior academic achievement
  • Demonstrated leadership qualities
  • Involvement in the community
  • Extracurricular activities
  • Professional accomplishments

How will you know if you have received a merit scholarship?

  • A scholarship letter will be included in your admission packet.
  • Scholarship information will be listed on page two of your electronic admission letter.

Named Awards

Fuqua merit scholarship recipients are automatically considered for named scholarships funded by Fuqua and corporate sponsors—you do not need to submit any additional materials to be considered. A separate selection process to award named scholarships is conducted during the summer or fall semester. Named awards replace any merit scholarships already received; they do not provide you with extra scholarship funds.

Fuqua and a variety of corporate donors fund a generous scholarship program for minority students.

Keller Scholars

Keller Scholarships are named in honor of Dr. Thomas Keller, former Dean of Fuqua, who led The Fuqua School of Business to a position of international prominence in less than a decade. These awards, covering 100% of tuition, are funded by Fuqua, endowments, and corporate donors. The Admission Scholarship Committee selects Keller Scholars based on academic excellence and strong commitment to improving their communities through leadership and service.

The Center for the Advancement of Social Entrepreneurship (CASE)

CASE also provides several assistance programs to attract the most talented students dedicated to making a positive difference in the world by reducing their financial burden. In addition to other sources of financial aid at Fuqua, Accelerated Daytime MBA students with an interest in the social sector may be eligible for the following programs:

Type of Assistance Eligible Students
CASE Social Sector Scholarship Students with nonprofit experience who intend to return to social sector careers upon graduation
Peace Corps Paul D. Coverdell Fellows Program Students who have satisfactorily completed service in the U.S. Peace Corps and who engage in community service while enrolled

U.S. citizens/permanent residents have various options for borrowing the necessary funds to attend Fuqua. All student loans are disbursed to your student Bursar account directly to offset your University charges.

Loan fast facts:

  • You may defer loan payments while you are in school.
  • Loans offer a post-graduation grace period.
  • Both the grace period and the repayment period can vary by lender.
  • If you have completed your FAFSA after March 1, it will take approximately 1 month to receive loan aid offer notice.

Student loan options include:

Applying for Federal Student Aid (Federal Direct Unsubsidized & Graduate PLUS loans)

  • Complete Free Application for Federal Student Aid (FAFSA)
    • Duke University's Title IV Federal School Code is: 002920 
    • New School Year FAFSAs are available after October 1 of each year:
      • The 2022-23 FAFSA became available after October 1, 2021.
      • The 2023-24 FAFSA  will be available after October 1, 2022.
    •  
    • Fuqua's priority date* to file a FAFSA is March 1 of each year:
      (*The priority date is a recommended filing due date; FAFSAs may be filed after the priority date.)
      • March 1, 2022 is the priority date to file a 2022-23 FAFSA.
      • March 1, 2023 is the priority date to file a 2023-24 FAFSA.
  • Once your FAFSA result (The Student Aid Report--SAR) is received, your student aid eligibility will be reviewed.
  • The student aid review process begins in March. Students will receive an electronic loan aid offer notice.
  • Student accepts/reduces/declines the aid offer in DukeHub and completes the loan application process outlined in the loan aid offer notice.
  • Once an applicant completes the required application forms, loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class.

Applying for Private Alternative Student Loans

  • Complete one of the listed student loan applications: Duke University’s Recommended Lenders
  • Once the lender reviews and pre-approves your loan request, they will send the school a certification request.
  • The school will send a loan certification file to the lender, confirming the approval.
  • Once the applicant completes the required application forms, loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class.

Estimated Program Cost of Attendance (COA) and Loan Borrowing Eligibility

Federal regulations determine the types of expenses that can be factored in the Cost of Attendance (COA). The COA is established to cover only the student’s education-related expenses such as tuition & fees, room & board, course materials, and student living expenses over the entire nine-month enrollment period within an academic year.

Also, regulations require the university to use reasonable figures to establish the student living expense budget within the COA. The average living expense amounts are results from university-wide surveys completed by Duke students in graduate and professional programs. Triennially, students are surveyed on their monthly spending for living expense items such as rent, utilities, food (excluding outside dining), etc. In addition, the consumer price index rate is considered each year to account for inflation.

The COA regulates the total eligible student loan borrowing amount, allowing students to borrow only up to the total COA amount in any given academic year, minus other aid (i.e. scholarships, sponsorships, other student loans). The COA also serves as a guide to help students to budget within the overall living expense allowance. As students come to Fuqua from a variety of backgrounds, experiences, and resources, the student living expense budget allows for a relatively simple student lifestyle that demands a responsible approach to living as a student. Therefore, students are expected to seek housing (mainly shared housing) that does not exceed the allocated amounts for rent and utilities in the student expense budget, especially if students are applying for student loans to help cover living expenses.

Please access the following link to view the current Cost of Attendance (COA) budget:

As indicated in the above link, we may consider some other expenses that will allow an increase to the living expense budget and eligible student loan borrowing amount. Please note that the purpose for student loans (Federal or Private) are not the same as personal loans. Student loans (Federal or Private) are for education-related expenses, while personal loans can be used for things like credit card debt, home improvements, paying for a wedding, and other unrelated education expenses. Note that personal loans are not administered by the Financial Aid Office.

Frequently Asked Questions

Please view answers to some frequently asked questions about scholarships and loans for U.S. citizens and permanent residents.

Fuqua is proud to participate in the Yellow Ribbon Program, and awards are available to qualifying veterans. In order to support as many service members as possible, Fuqua does not limit the number of participants in the Yellow Ribbon Program.

Yellow Ribbon Program fast facts:

  • The Department of Veterans Affairs is responsible for determining eligibility.
  • Fuqua will contribute up to 18,000 USD in Yellow Ribbon scholarship support and the VA will provide up to 18,000 USD in additional funding.
  • You must be 100% eligible for the Post-9/11 GI Bill.
  • Active duty service members are ineligible for Yellow Ribbon benefits at this time. However, effective August 1, 2022, duty service members who qualify at the 100% level or the spouse using the transferred benefits of an active duty service member who qualify at the 100% level, may use the Yellow Ribbon program.
  • Recipients of the Fry Scholarship and Purple Heart are covered under the Yellow Ribbon Program, effective August 1, 2018.
  • You must have served an aggregate period of 36 months in active duty after Sept. 10, 2001, or have been honorably discharged from active duty for a service-connected disability after serving 30 continuous days after Sept. 10, 2001.
  • You may be a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on the service eligibility criteria listed above.

How much am I going to receive?

At 100% eligibility, the following table estimates the Post 9/11 GI-Bill & Yellow Ribbon benefit pay-out for your program:

Getting started:

Duke University’s Veterans Education Benefits Office administers all Veterans Benefits. The Duke University School Certifying Official (SCO) in the Office of the University Registrar may be reached via email or at 919.684.4225.

Visit the office of the University Registrar for detailed instructions on how to initiate your benefits. Should you have any questions or concerns, please contact our financial aid office for assistance.

Non-active duty veterans expecting to receive 100% of the Post 9/11 GI-Bill (as indicated on their VA Certificate of Eligibility letter) & Fuqua’s determined Yellow Ribbon amount, should be aware that Fuqua’s Yellow Ribbon offer is subject to change and may be fully rescinded should the VA determine a change in your Chapter 33 VA benefit status.

It is your responsibility to notify Duke University’s Veterans Education Benefits Office and Fuqua’s Financial Aid Office immediately of any changes to your VA benefit status. Failure to do so may result in full cancellation of your Yellow Ribbon offer.

For an overview of how to obtain benefits, see Process Flow & Anticipated Timeline.

For additional resources, visit the U.S. Department of Veterans Affairs.

The Fuqua School of Business offers both cosigner and no-cosigner international student loan options. For more information, please view Duke University’s Recommended Lenders.

  • Cosigner Options: Loans with a U.S. cosigner typically offer a lower interest rate. The U.S. cosigner must be a creditworthy citizen or permanent resident. Keep in mind that for some lenders, a student must have a social security number in addition to having a cosigner.
  • No-Cosigner Options: Depending on the lender, International students using a no-cosigner loan option may borrow up to 100 percent of their Cost of Attendance (minus other aid, i.e. scholarships, sponsorships, and other student loans) through a no-cosigner International Student Loan program.

Applying for Private Alternative Student Loans

  • Complete one of the listed student loan applications: Duke University’s Recommended Lenders.
  • Once the lender reviews and pre-approves your loan request, they will send the school a certification request.
  • The school will send a loan certification file to the lender, confirming the approval.
  • Once the applicant completes the required application forms, loan amounts will be scheduled to disburse to the student's Bursar account no earlier than 10 days before the start of class.

Other Funding Sources for International Students

You may find a suitable funding source from our list of external funding programs from international agencies.

Estimated Program Cost of Attendance (COA) and Borrowing Eligibility

Federal regulations determine the types of expenses that can be factored in the Cost of Attendance (COA). The COA is established to cover only the student’s education-related expenses such as tuition & fees, room & board, course materials, and student living expenses over the entire nine-month enrollment period within an academic year.

Also, regulations require the university to use reasonable figures to establish the student living expense budget within the COA. The average living expense amounts are results from university-wide surveys completed by Duke students in graduate and professional programs. Triennially, students are surveyed on their monthly spending for living expense items such as rent, utilities, food (excluding outside dining), etc. In addition, the consumer price index rate is considered each year to account for inflation.

The COA regulates the total eligible student loan borrowing amount, allowing students to borrow only up to the total COA amount in any given academic year, minus other aid (i.e. scholarships, sponsorships, other student loans). The COA also serves as a guide to help students to budget within the overall living expense allowance. As students come to Fuqua from a variety of backgrounds, experiences, and resources, the student living expense budget allows for a relatively simple student lifestyle that demands a responsible approach to living as a student. Therefore, students are expected to seek housing (mainly shared housing) that does not exceed the allocated amounts for rent and utilities in the student expense budget, especially if students are applying for student loans to help cover living expenses.

Please access the following link to view the current Cost of Attendance (COA) budget:

As indicated in the above link, we may consider some other expenses that will allow an increase to the living expense budget and eligible student loan borrowing amount.
Please note that the purpose for private student loans are not the same as personal loans. Private student loans are for education-related expenses, while personal loans can be used for things like credit card debt, home improvements, paying for a wedding, and other unrelated education expenses. Note that personal loans are not administered by the Financial Aid Office.

Frequently Asked Questions

Please view answers to some frequently asked questions about scholarships and loans. 

The Rex and Ellen Adams Loan Assistance Program provides financial assistance, in the form of loan forgiveness awards, to qualifying Accelerated Daytime MBA alumni who work full-time for eligible nonprofit and government organizations or certified B-Corporations. The program, originally known as the Fuqua Loan Forgiveness Fund, was established through the generosity and vision of The Duke MBA—Daytime Class of 2001. In 2017 it was renamed the Rex and Ellen Adams Loan Assistance Program in honor of Fuqua’s former dean and his wife through a generous gift from the F. M. Kirby Foundation. The program is funded through endowments established by the Kirby Foundation and other generous individuals.

The Rex and Ellen Adams Loan Assistance Program is designed to support alumni pursuing a career in the nonprofit or public sector and their goals of making a positive impact in the social sector. This program is not an entitlement; eligibility and selection are determined by the Rex and Ellen Adams Loan Assistance Program Administrators, and awards are distributed on a funds-available basis. All determinations made by the Administration are final, and the Administration reserves the right to restructure the program as necessary at any time.

For recipients of this loan assistance program who are working in for-profit social enterprises (i.e. B-Corporations): Awards will be taxed.

The Rex and Ellen Adams Loan Assistance Program Eligibility and Application Details for 2022

The 2022 cycle covers prospective alumni disbursements from January 2021 to December 2021. The application period is April 15, 2022 - May 15, 2022.

Eligibility Requirements:

  • Loan eligibility: Federal and private student loans incurred for the cost of the Duke Accelerated MBA program—Daytime program education only. Eligible for up to 15,000 USD assistance annually.
  • Employment eligibility: Full-time employment by a 501(c)(3) organization (or foreign equivalent), governmental agency, or certified B-Corporation.
  • Income eligibility: Alumni are expected to contribute toward the repayment of their Fuqua loans. The level of this self-contribution will rise with income. All tax-related matters are the responsibility of the award recipient.
  • Length of eligibility: Alumni are eligible for loan assistance for any time they are employed with a qualifying organization within 8 years of their graduation.
  • Applying: You must apply for loan assistance within 4 years of graduation (ex. May 2021 graduates can apply in May 2023, 2024, or 2025)
  • Maternity/Paternity Leave: Participants who may be requesting maternity/paternity leave from their employer will continue to receive the Rex and Ellen Adams Loan Assistance Program support for up to 3 months of paid time off. If the participant decides to extend their leave and take unpaid time off, then there will be no Rex and Ellen Adams Loan Assistance Program support for that period.

Read the full summary of program requirements and parameters.

  • Apply online after April 15, 2022 for The Rex and Ellen Adams Loan Assistance Program  2022 cycle.
  • When prompted, use your Fuqua alumni login ID and password. If you need to be reminded of your login ID or have your password reset, please email Alumni Relations.
  • Once you have submitted your online application, a link to the Application Checklist will be found near the bottom of your Fuqua alumni profile page. This checklist provides details regarding the supporting documentation required for the completion of your application.
  • Allow 2 business days from the submission date of your application for your checklist to be generated.
  • For prompt processing of your application, scan and email supporting documentation or fax it to +1.919.681.6243.
  • All supporting documentation sent via mail must be postmarked by May 15, 2022, and addressed to:

The Rex and Ellen Adams Loan Assistance Program
Duke Fuqua Financial Aid Office
100 Fuqua Drive, Box 90120
Durham, NC 27708-0120

Forms and Resources

FAQ

For answers to frequently asked questions about how to finance your degree, visit our FAQ pages:

U.S. Citizen and Permanent Resident Students
International Students

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