Financial Information
Tuition and Fees
Tuition varies for each of the MBA programs at The Fuqua School of Business. Current information on tuition costs are available on the Web at
http://www.fuqua.duke.edu/financialaid/. The Fuqua School of Business endeavors to make it possible for all qualified students to attend Duke University. The Financial Aid Office is committed to working together in partnership with all students to provide the appropriate guidance and counseling needed to assist them with obtaining financial resources.
All charges are due and payable at the times specified by the university and are subject to change without notice. A charge will be imposed for any student's check returned to the university unpaid.
The Duke MBA-Daytime degree requires four semesters, divided into eight terms, of full-time academic work totaling at least seventy-nine units of graduate credit. In some cases, it is possible for a student to complete these seventy-nine credits in fewer than eight terms. This will not reduce tuition costs. Students are required to pay four semesters of tuition in the daytime MBA program.
The Duke MBA-Daytime
After the beginning of classes, tuition refunds will be made on a pro-rated basis. Tuition charges paid from grants or loans must be returned to the proper grant or loan account and will not be returned to the student.
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Time of Withdrawal
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Refund Amount
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Before classes begin (each semester)
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100% Tuition for the term
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During the first week of classes (each semester)
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80% Tuition for the term
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During the second or third week of classes (each semester)
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60% Tuition for the term
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During the fourth or fifth week of classes (each semester)
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20% Tuition for the term
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After the fifth week (each semester)
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None
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WITHDRAWAL FROM EXECUTIVE MBA PROGRAMS
Should a student choose to withdraw from one of the Executive MBA programs, he/she must inform the director of the program in writing. Tuition refunds will be made according to the following schedule. Tuition paid from loans must be returned to the lender and will not be returned to the student. Please review the Student Handbook provided to all enrolled students for additional details on refunds.
The Duke MBA-Cross Continent
Tuition refunds for the Duke MBA-Cross Continent program will be made according to the following schedule:
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Time of Withdrawal
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Refund Amount
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Before the start of the term
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100% Tuition for the term
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Before the first day of residency
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75% Tuition for the term
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Before the last day of residency
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20% Tuition for the term
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After the last day of residency
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None
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The Duke MBA-Global Executive
Tuition refunds will be made on a prorated basis per the following schedule. Note: No refunds will be made until students have returned their school-provided laptop computers.
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Time of Withdrawal
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Refund Amount
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Before the start of the term
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100% Tuition for the term
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Before first day of residency
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75% Tuition for the term
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Before the last day of residency
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20% Tuition for the term
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After the last day of residency
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None
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The Duke Goethe Executive MBA
Tuition is paid to the Goethe Business School (in euros) in three installments. Tuition refunds for the Duke Goethe Executive MBA program is pro-rated by academic terms and made according to the following schedule.
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Time of Withdrawal
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Refund Amount
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Before first day of residency/first weekend session
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50% Tuition for the term
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Before last day of residency/first weekend session
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20% Tuition for the term
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After last day of residency/first weekend session
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None
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Students who take a leave of absence during the course of the program will have their tuition payments held on account until their return. If a student withdraws from the program, any pre-paid tuition will be refunded.
The Duke MBA - Weekend Executive
Tuition refunds for The Duke MBA - Weekend Executive program will be made according to the following schedule:
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Time of Withdrawal
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Refund Amount
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Before the start of the term
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100% Tuition for the term
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Before orientation/first weekend of classes
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90% Tuition for the term
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During orientation/first weekend of classes
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80% Tuition for the term
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After the first weekend, through the second weekend of classes
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70% Tuition for the term
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After the second weekend, through the third weekend of classes
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60% Tuition for the Term
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After the third weekend, through the fourth weekend of classes
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50% Tuition for the Term
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After the fourth weekend
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None
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Leaves of Absence. Should a student in the Cross Continent or Global Executive program find it necessary to request a one-year leave of absence during a term, and have this request granted, no tuition refund will be given. Instead, the following policy will apply:
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Time of Leave of Absence
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Amount to be Credited to a Future Term
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During the pre-reading period
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100% Tuition
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During the residency
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90% Tuition
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After the residency
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None
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The amount to be credited will be held on account until the student returns to school the following year. Leaves of absence are granted for one year. A student on leave can request an additional leave for up to one year should this be needed. If granted, the credited tuition amount will be held as a credit for a future term. If the student does not return from the leave of absence, no tuition payments will be refunded. Further details can be found in the Student Handbook provided to students in each of these programs.
Payment Policies
Payment of Accounts. Following first enrollment in The Fuqua School of Business, monthly invoices are available online. Questions should be directed to the University Bursar's Office at
www.bursar.duke.edu. As a part of the agreement of admission to Duke University, a student is required to pay all invoices as presented. A late payment charge will be assessed for all charges not paid in full by the late payment date, and certain restrictions may be applied.
Late Payment Charge. If the total amount due on the student's invoice is not received by the bursar by the invoice late payment date, a penalty charge will be accrued from the billing date of the invoice. The late payment charge is assessed at a rate of the 1 1/4 percent per month (15 percent per annum) applied to the amount outstanding.
Debts. An individual will be in default if the total amount due is not paid in full by the late payment date. A student in default will not be allowed to receive a transcript of academic records, have academic credits certified, or receive a diploma at graduation. No records are released until students have settled with the bursar for all indebtedness. Failure to pay all university charges on or before the times specified by the university will bar the student from class attendance until the account is settled in full. In addition, an individual in default may be subject to withdrawal from school.
Transcript Fee. All entering MBA students will be charged in the first semester a one-time mandatory fee of $40 for transcripts. This entitles the student to an unlimited number of Duke University transcripts.
MBA Association Fee. All daytime MBA students are assessed a nonrefundable fee to be used to support the activities of the MBA Association.
Recreation Fee. All daytime MBA students will be charged a recreation fee each semester which provides them with unlimited use of on-campus recreation facilities.
Graduate Student Activity Fee. All daytime MBA students will be charged a Graduate Student Activity Fee each semester while they are in residence.
MBA First Year Pre-Term Fee. All entering daytime MBA students will be charged in the first semester a one-time mandatory pre-term registration fee of $1,350.
University Parking Permit. Any daytime MBA student wishing to park in a university owned parking lot must purchase a parking permit from the Duke University Parking Office. This is normally done on-line during the spring or summer.
Student Health Fee. All daytime MBA students are assessed a nonrefundable fee for the Student Health Center each semester. This fee supports a number of services and activities that foster a healthy campus community. Specifically, the fee covers most services rendered within the Student Health Center (SHC) and Counseling and Psychological Services (CAPS) during each enrolled semester. An optional summer health fee for daytime students not enrolled in summer sessions is also available through the SHC business office in the Duke Student Health Center. For more information, see
http://healthydevil.studentaffairs.duke.edu/.
Student Medical Insurance. The university has made arrangements for a Student Medical Insurance Plan to cover all daytime students at their expense, for a twelve-month period. For an additional fee a student may obtain coverage for a spouse and children. Medical insurance is essential to protect against the high cost of medications, unexpected illnesses, and injuries which would require hospitalization, surgery, or the services of specialists outside the Duke Student Health Center. Therefore, all students are
required to have medical insurance that is comparable to the Duke-sponsored medical insurance plan. International students with an F-1 or J-1 visa status are required to purchase the Duke Student Medical Insurance Plan. Others may waive the Duke Student Medical Insurance Plan upon proof of equivalent coverage. The Student Medical Insurance Plan provides protection twenty-four hours per day during the full twelve-month term of the policy for each student insured. Students are covered on and off campus, at home, while traveling between home and the school and during interim vacation periods. Coverage, services, and costs are subject to change each year as deemed necessary by the university. For information regarding coverage, consult the Duke University Bursar's Office website,
www.bursar.duke.edu.
Restrictions. Students are expected to meet academic requirements and financial obligations, as specified elsewhere in this bulletin, in order to remain in good standing. Certain nonacademic rules and regulations must be observed also. Failure to meet these requirements may result in dismissal by the appropriate officer of the university.
2008-09 ESTIMATED COST OF ATTENDANCE FOR
DUKE MBA-DAYTIME FIRST-YEAR STUDENT
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Required Fees
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Fee
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Amount
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Tuition
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$44,100
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|
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$1,690
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Student Health Fee
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$546
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MBA Association Fee
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$375
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Graduate Student Government Activity Fee
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$26
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Graduate Recreational Facilities Fee
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$66
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Books, Supplies, and Course Packs
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$1,200
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Transcript Fee (one-time fee / first year only)
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$40
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Laptop Computer
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$2,500
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Pre-Term Fee (one-time / first year only)
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$1,300
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Total Educational Expenses
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$51,843
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Living Expenses
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Expense
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Amount
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Rent
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$6,500
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Food
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$4,400
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Miscellaneous
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$3,300
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Transportation
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$1,940
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Total Estimated Other
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$16,400
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| |
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Total Estimated Budget for First-Year Student
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$67,983
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The Student Medical Insurance Plan is required for all Fuqua Daytime MBA students and is charged during the fall semester. It can be waived if you have other health insurance coverage. International students with an F-1 or J-1 visa are required to purchase this student medical insurance plan. The cost of this medical insurance is determined by the various age ranges that are set for this plan. The medical insurance amount listed here reflects the age range (26 through 34) of the average Fuqua MBA-Daytime student. Please contact the Financial Aid Office if your Duke-sponsored Student Medical Insurance Plan cost is different from this amount. We will adjust your Cost of Attendance accordingly. The actual cost of the Student Medical Insurance Plan is established in late spring each year. The University Bursar's Office provides additional information regarding student medical insurance with Fall tuition statements.
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NOTE: The student medical insurance and MBA Association fees are paid in full during the fall semester. The tuition, student health fee, and graduate activity fee are paid one-half each semester.
Financial Aid
The Fuqua School of Business endeavors to make it possible for qualified students to attend Duke even though their own resources may be insufficient. Financial aid is available in the form of fellowships/scholarships and through various student loan programs.
Financial Aid Application Process. All students applying for financial assistance (scholarships, fellowships, loans, or work study) must complete The Fuqua School of Business Financial Aid Application which is available on Fuqua's web site,
www.fuqua.duke.edu. Students who expect to apply for federal loan assistance must complete the Free Applications for Federal Student Aid (FAFSA) as soon after January 1 as possible. The FAFSA results are not required for scholarship consideration.
SCHOLARSHIPS AND FELLOWSHIPS
Each year a number of merit-based fellowships are available to incoming daytime students. The decisions regarding scholarships are made by a committee. Your offer of admissions will indicate when you can expect to hear regarding possible fellowship/ scholarship assistance. The criteria for selection are prior academic achievement, demonstrated qualities of leadership, involvement in extracurricular activities, and professional accomplishments. The awards are for the two years of the MBA program and range from partial tuition to full tuition and may only be applied to tuition payments. Funding is limited and is awarded as applicants are admitted to the program. New funding for awards is not available in the second year of the program; thus students who enroll without a fellowship or scholarship award should not anticipate an award in their second year.
NAMED SCHOLARSHIPS AND FELLOWSHIPS
Listed below are the named awards for students who have already been awarded a Fuqua Scholarship. Selection of recipients is made during the summer/fall, and no special application is required. These named awards replace or cover a portion of The Fuqua School of Business merit scholarships already awarded, but do not provide additional scholarship funding to the recipient.
The Class of 1987, 1988, and 1990 scholarships have a special application process. These scholarships are awarded to second-year students who did not receive a Fuqua merit-based award.
Rex & Ellen Adams Scholarship. This award was established in 1995 by Mr. and Mrs. Rex Adams to provide support to a student at The Fuqua School of Business. Mr. Adams is the former Dean of The Fuqua School of Business and is a member of Fuqua's Board of Visitors.
Alliance One International, Inc. Scholarship. The Alliance One International, Inc. Scholarship, previously known as the DIMON Inc. Scholarship, was established in 1992 by the Monk family to provide support for outstanding students at Duke University's Fuqua School of Business with primary consideration to North Carolina students. Albert C. Monk, III, William C. Monk Jr., Fuqua '89, Albert C. Monk IV, Fuqua '95, and Claude B. Owen Jr., have been generous supporters of Fuqua and are committed to educating managers to take responsibility worldwide.
Fuqua Alumni Minority Scholarship. The endowment was established in 1997 by The Fuqua School of Business African American Alumni to provide support for graduate minority students enrolled at The Fuqua School of Business.
Susan S. and Davis S. Bagwell Minority Scholarship. This endowment was established in 1985 by Susan S. and David S. Bagwell. Mr. Bagwell is president of the David Bagwell Company and a former member of The Fuqua School of Business Board of Visitors. The endowment was established to provide scholarship support to minority graduate professional students who are enrolled in The Fuqua School of Business at Duke University.
Bank of America Scholarship. The scholarship was established in 1995 by Bank of America, formerly NationsBank, to provide support to outstanding students attending The Fuqua School of Business.
W. Joseph and Diane Biggers Scholarship. The scholarship was established in 1987 by Mrs. Dianne Biggers and the late Joseph W. Biggers to provide support for students attending The Fuqua School of Business.
Martin L. Black, Jr. Fellowship Fund. The scholarship was established in 1974 by the gifts and donations of alumni and friends of Martin L. Black, who taught accounting at Duke from 1930-1974. He was professor emeritus at Fuqua in the Department of Management Services. This award provides support to MBA Accounting students.
Myra and William Waldo Boone. The award was established in 1994 by Anne J. Clark, a 1964 Woman's College graduate, and John C. Clark, a 1963 Duke graduate, to provide assistance to a Canadian student attending The Fuqua School of Business.
Bovender Family/HCA Minority Scholarship. The Bovender Family/HCA Minority Scholarship was established in 2006 through the generous donation of Barbara and Jack Bovender, Jr. The award is to provide whole or partial scholarships to graduate professional students who are, or shall be at the time of receipt of this scholarship, enrolled in the Health Sector Management Program at The Fuqua School of Business.
Douglas K. Bratton Scholarship. This scholarship was established in 1995 by Douglas K. Bratton, a 1984 Fuqua School of Business graduate and President of Bratton Capital Management. The scholarship provides support for graduate students of The Fuqua School of Business.
Douglas T. Breeden Scholarship. This scholarship was established in 2006 by Carl D. Bell. The endowment provides whole or partial scholarships to graduate professional students who are enrolled in The Fuqua School of Business at Duke University.
Ray E. Brown Scholarship. This scholarship was established in 1977 as a quasi-endowment fund in memory of the late Ray E. Brown to provide annual scholarships for students in the Health Administration program at Duke University.
Burlington Industries Scholarship. This scholarship was established in 2004 to provide whole or partial merit based scholarships to graduate professional students enrolled in The Fuqua School of Business at Duke University.
A. F. Calabrese Scholarship. The endowment was funded in 1986 by Mr. John J. Mack, a Duke graduate. The scholarship honors A.F. Calabrese of College Park, MD. Mr. Calabrese is the father of Mr. Mack's college roommate, Jay Calabrese, an All-American football player and Duke University graduate. The endowment provides scholarships in The Fuqua School of Business at Duke University. Awards are made with first preference given to students who have participated in intercollegiate athletics either at Duke University or the Catholic University of America, then, to those who have participated at any other institution of higher learning.
Chase Manhattan Scholarship. The scholarship was established in 1988 by the trustees of the Chase Manhattan Foundation to provide support for outstanding students at The Fuqua School of Business.
Class of 1987 Scholarship. The scholarship was established in 1988 by the Fuqua Class of 1987 to provide support to an outstanding student who is in their second year at The Fuqua School of Business.
Class of 1988 Scholarship.
The scholarship was established in 1988 to provide support to an outstanding student who is in their second year at The Fuqua School of Business.
Class of 1990 Scholarship.
The scholarship was established in 1990 by The Fuqua School of Business Class of 1990 to provide support to a Fuqua student who chooses to work as a summer intern in the non-profit/public sector or for smaller firms.
Julian Connally Scholarship.
The scholarship was established in 1983 by a gift from the estate of Julian Connally, an alumnus of the Class of 1930, to provide scholarship support to students at the Fuqua School of BUSINESS.
Walter Albert and Bertha Barefoot Corbett Memorial Scholarship. The award was established in 1975 by W. Horace Corbett, a 1938 Duke graduate, and his wife, Valera Murray Corbett, in honor of Mr. Corbett's parents. This award provides scholarship support for students at The Fuqua School of Business.
The Claudia B. Davis Scholarship. The scholarship was established in 2007 by James L. Davis, a 1945 Trinity graduate, to provide scholarship support to students who are pursuing social entrepreneurship and are enrolled in The Fuqua School of Business.
Friends of Fuqua Scholarship.
This endowment was established in 1990 by a group of anonymous donors to provide unrestricted support to The Fuqua School of Business at the discretion of the Dean.
Robert L. Dickens Scholarship. This scholarship was established in 2006 by Charles Ricks, a 1958 Trinity graduate, to provide whole or partial scholarships to graduate professional students who are enrolled at The Fuqua School of Business at Duke University.
Donald R. Draughon Scholarship. This scholarship was established in 1999 by K. Robert Draughon, a Fuqua 1985 graduate, to provide support to a Fuqua student from North Carolina.
Eli Lilly Scholarship. The scholarship was established to provide support for outstanding students at The Fuqua School of Business.
Ernst & Young Health Care Scholarship. The scholarship was established in 1998 by Ernst & Young LLP and the Ernst & Young Foundation to provide support for graduate students enrolled in the Health Sector Management Program at The Fuqua School of Business.
James R. Felts Memorial Scholarship. The scholarship was established in 1987 by the family, friends, and colleagues of James R. Felts, an honorary alumnus of the Health Administration program at Duke University. Mr. Felts was on the staff of the Duke Endowment from 1946 until his death in 1987. He served from 1961-1973 as assistant secretary of the Duke Endowment and from 1971-1987 as a trustee of the foundation. The scholarship provides financial aid to Health Administration students.
Mary R. Few Memorial Scholarship. The scholarship was established in 1997 upon the death of Kendrick S. Few, a 1939 Duke graduate, to provide assistance to a first year female student at The Fuqua School of Business.
Marsland Foussé Family Global Scholarship. This award was established in 2006 by Thomas Y. H. Foussé to provide scholarship support to graduate professional students at Duke University's Fuqua School of Business.
Charles H. Frenzel Health Administration Scholarship. The scholarship was established in 1991 by the Mclead Regional Medical Center to honor Charles H. Frenzel, who served as superintendent, Director of Hospital Administration, and Program Director from 1958 until 1972. The endowment provides scholarship support to students in the Department of Health Administration.
Thomas F. Frist, M.D. Merit Scholarship. The scholarship was established in 1984 using gifts from Duke University Hospital, Health Administration Alumni Association, and employees of the Hospital Corporation of America. The scholarship honors Thomas F. Frist, MD who was the former Chief Medical Officer and Chairman of the Board for Hospital Corporation of America. The endowment is used to provide merit scholarships for students enrolled in the Department of Health Administration at Duke University's Fuqua School of Business.
The Fuqua Scholarship Fund Established 2007. The scholarship was established in 2007 by the Bill and Melinda Gates Foundation to provide full scholarship support to graduate professionals at The Fuqua School of Business. Melinda Gates is a 1986 Duke graduate and a 1987 Fuqua graduate.
Robert A. and Annie Lewis J. Garda Scholarship. This scholarship was established in 1988 by Robert A. and Annie Lewis J. Garda, who are both 1961 Duke graduates. Mr. Garda is a member of the Fuqua School Board of Visitors and recently retired as executive-in-residence. He is also retired as the director of McKinsey & Company, Inc. The endowment provides a two-year scholarship award to an exemplary MBA student enrolled at The Fuqua School of Business.
Garda Scholarship. This scholarship was established in 1999 by Robert A. Garda to provide support for a graduate at The Fuqua School of Business. Mr. Garda is a member of the Fuqua School Board of Visitors and recently retired as executive-in-residence. He is also retired as the director of McKinsey & Company, Inc.
Carol and Watts Hamrick Scholarship. This award was established in 2006 by Carol and L. Watts Hamrick, III to provide scholarship support to graduate professional students enrolled in The Fuqua School of Business. Watts Hamrick graduated from Duke Trinity in 1981.
James G. Hanes Memorial Scholarship. The award was established in 1987 by the generous support of the James G. Hanes Memorial Fund to provide support for outstanding students at The Fuqua School of Business.
P. Huber Hanes, Jr. Scholarship. The award was established in 1939 through the generous donation of Mr. P. Huber Hanes, a 1937 Duke graduate. The endowment provides scholarship support to a student enrolled at The Fuqua School of Business, as well as a fund for the Duke University Press to finance the publication of one book each year.
Susan Kelly and William B. Haskett III Scholarship. This award was established in 1999 by Susan Kelly and William B. Haskett III to provide need-based scholarship support for MBA students who are in active military service or who have been honorably discharged from the military.
Karl & Nancy Hemmerich Fellowship. This fellowship was established in 2000 by Michael R. Hemmerich to provide fellowship support for students enrolled at The Fuqua School of Business at Duke University.
Patrick J. and Judith E. Henry Scholarship. This scholarship was established in 1999 by Patrick J. Henry and Judith E. Henry to provide scholarship and fellowship support for graduate students in The Fuqua School of Business.
Vivian Edward Hollinshed Scholarship. The award was established in 1980 by the Clara Hollinshed in honor of her husband, Vivian Edward Hollinshed, and is given to an outstanding business school student. Both Mr. and Mrs. Hollinshed are now deceased, but the scholarship is endowed and will continue to be awarded in future years.
Edward A. Horrigan Jr. Business Scholarship. The scholarship was established in 1988 by Edward A. Horrigan Jr. to provide support for students at The Fuqua School of Business. Mr. Horrigan is the former vice-chairman of the RJR/Nabisco Company and the CEO of RJR Tobacco Company. He is also a former member of the Fuqua School Board of Visitors, and one wing of the R. David Thomas Center is named in his honor.
Richard and Mamie Howerton Scholarship. The scholarship was established in 1987 by Thomas R. Howerton, a 1943 graduate of Duke University and a 1948 graduate of the MHA program, to honor his parents, Richard and Mamie Howerton. The endowment is used to fund scholarships for Health Administration Students.
Health Administration Alumni Scholarship. This scholarship was created in 1981 by gifts from members of the Duke University Health Administration Alumni.
Ludwig & Sophie Jaeger Scholarship. This scholarship was established in 1992 by B. Jon Jaeger. The scholarship is used for merit scholarship in Health Administration.
Ery Kehaya Leadership Scholarship. This scholarship was established in 2004 by Mark W. Kehaya. The scholarship provides whole or partial scholarships to second year graduate professional students with demonstrated academic excellence and qualities of leadership while enrolled in The Fuqua School of Business at Duke University.
Thomas Crafton Keller Memorial Scholarship. This endowment was established in 1982 by Dr. Thomas F. Keller in memory of his son Thomas Crafton Keller. Dr. Keller is a 1953 Duke graduate and is the former Dean of The Fuqua School of Business. The endowment is to be awarded to students in The Fuqua School of Business.
Ruth & Harry Kiefer Scholarship. This award was established in 2004 by Roy Kiefer to provide scholarship support for MBA students who are in active military service or who have been honorably discharged from the military.
The Kiplinger Prize. This award was established at The Fuqua School of Business in 2000 and has designated its proceeds to be awarded to a rising second-year MBA student who has demonstrated interest in entrepreneurial and pursuits.
William A. and Anne L. Klopman Scholarship. The scholarship was established in 1986 by William A. and Anne L. Klopman, parents of three Fuqua graduates, to provide scholarship support to students enrolled at The Fuqua School of Business. Mr. Klopman is a retired chairman of Burlington Industries and a former member of The Fuqua School of Business Board of Visitors.
Wesley A. Magat Memorial Scholarship. The award was established in 1999 by family and friends of Wesley A. Magat, former Senior Associate Dean for Academic Programs and professor of the Fuqua School.
Walter and Marjorie Manley Scholarship. The award was established in 1991 by Professor Walter W. Manley and Mrs. Marjorie Manley to provide scholarship support to a deserving MBA student enrolled at The Fuqua School of Business.
Catherine E. Massey Scholarship. This award was established in 2006 by Catherine E. Massey, a 1971 Women's College graduate. The award provides scholarship support to female graduate professional students who are pursuing the area of entrepreneurship at The Fuqua School of Business.
J. Alexander McMahon Scholarship. This scholarship was established by alumni of the Masters in Health Administration program to honor J. Alexander McMahon. The endowed scholarship will provide tuition support for students in the Health Sector Management (HSM) program who plan to seek careers in health care provider institutions.
Mead Scholarship for Business Administration. The scholarship was established in 1976 by the donation of Mr. D. Richard Mead, Jr., a 1952 Duke graduate, who is an active member of The Fuqua School of Business Board of Visitors. He is also Chief Executive Officer of D.R. Mead & Co. in Miami. The scholarship provides support to students enrolled in The Fuqua School of Business.
Helen A. and Bruce C. Miller Scholarship. This scholarship was established in 2004 by the Estate of Helen A. Miller. The scholarship provides whole or partial scholarships to graduate professional students who are enrolled in The Fuqua School of Business at Duke University.
Nan Gray and Albert C. Monk III Scholarship. This award was established in 2000 by Nan Gray and Albert C. Monk, III, a Duke Trinity College Graduate of 1961, to support a student at The Fuqua School of Business.
James H. Moshovitis Scholarship. The scholarship was established in 1990 by James H. Moshovitis of Washington, D.C. to provide support for outstanding students at The Fuqua School of Business.
North Carolina Treasury Management Association Scholarship. The award was established in 1986 by the former Carolinas Cash Management Association, now called the North Carolina Treasury Management Association, to provide scholarship support for students at The Fuqua School of Business.
Norfolk Southern Corporation Scholarship. The scholarship was established in 1995 by the Norfolk Southern Corporation to provide support for students enrolled in The Fuqua School of Business.
Marshall I. & Sarah W. Pickens Scholarship. The scholarship was established in 1968 by Mary G. Pickens to honor Marshall I. Pickens for his long time association with the Duke Endowment. The scholarship is to provide support to students enrolled in the Health Sector Management program at Duke University's Fuqua School of Business.
The Georgiana and Ira Platt Scholarship. The award was established in 2007 by Georgiana and Ira Platt to provide scholarship support to graduate professional students at The Fuqua School of Business. Georgiana and Ira Platt are both 1991 Fuqua graduates.
Stephen Knight Pond Scholarship. The award was established in 1991 by Stephen Knight Pond to provide support to an MBA candidate in the Fuqua School who has had previous sales or sales management experience.
Truby G. Proctor, Sr. Memorial Scholarship. The award was established in 1994 by Kirk J. Bradley, a 1986 graduate of The Fuqua School of Business, in memory of his grandfather. The scholarship is used to provide support for students at The Fuqua School of Business.
Howard C. Ris Scholarship. The scholarship was established in 1986 by Howard C. Ris, a 1938 Duke graduate, to provide support for outstanding students at The Fuqua School of Business. Mr. Ris is the retired chairman of the Ris Paper Company.
Pamela S. Rodriguez and Carlos Jose Rodriguez-Peyton Scholarship. This award was established in 1999 by Pamela and Carlos Jose Rodriquez, both 1985 Fuqua graduates, to provide partial or whole scholarship support to students enrolled in The Fuqua School of Business and reside in Latin America.
Thomas B. Roller Scholarship. The award was established in 2000 by Thomas B. Roller, a 1974 Fuqua graduate, to provide scholarship support for students at The Fuqua School of Business.
Rollins Scholars. The late John Rollins, founder of the Rollins Truck Leasing firm in Wilmington, Delaware and two of his children, Jeff, T'87 B'88, and Cathy Rollins Searby, created this scholarship program in 1987 to support exceptional students who take advantage of the many opportunities for involvement outside the classroom while meeting high academic standards. Specifically, Rollins Scholars possess strong leadership skills, an entrepreneurial spirit and a commitment to service within the school and community at large.
Sacerdote Family Scholarship. The award was established in 1999 by the Sacerdote family to provide merit-based scholarship support to a student at The Fuqua School of Business for the two years of his or her MBA program.
William A. and Marion F. Schultz Scholarship. The scholarship was established in 1992 by Thomas W. Schultz to provide support for students in the Health Administration Program at the Duke University Medical Center. This program is now the Health Sector Management at The Fuqua School of Business.
Catharine A. and Daniel M. Searby Scholarship. The scholarship was established in 2002 by Catharine and Daniel Searby to provide scholarship support for Rollins Scholars. Catharine Searby is the daughter of the late John W. Rollins.
ServiceMaster Scholarship. The award was established in 1984 by Servicemaster Industries, Inc. to provide support for students in the Health Administrative Program, Duke University Medical Center. This program is now the Health Sector Management at The Fuqua School of Business.
Charles T. Smith Jr./KPMG Peat Marwick Scholarship. The scholarship was established in 1995 by KPMG Peat Marwick to provide support for a minority student at The Fuqua School of Business.
Sharon and Garry Snook Scholarship. The scholarship was established in 1992 to provide support for students with American Indian decent.
Asa T. Spaulding, Sr. Scholarship. This scholarship was established in 1993 by Aaron L. Spaulding on behalf of the family of Asa T. Spaulding Sr. and others. The award provides scholarship support to students enrolled at The Fuqua School of Business.
Mark A. Spreen Scholarship. The award was established in 1992 by Glen R. Spreen, a 1979 Fuqua graduate, in memory of his brother Mark. It provides support to a student enrolled in The Fuqua School of Business.
J. Paul Sticht Scholarship. This scholarship was endowed by RJ Reynolds in honor of Mr. Sticht. Mr. Sticht served as Chairman and CEO of RJR from 1979 to 1984, then as Chairman of the Executive Committee. This award shall provide whole or partial fellowships to graduate professional students who are of excellent academic standing and leadership achievement.
Textron Scholarship. The scholarship was established in 1997 by the Textron Charitable Trust. The award is to provide support for a student at The Fuqua School of Business.
Thanksgiving Foundation Scholarship. The award was established in 1999 to provide scholarship support for students at The Fuqua School of Business.
Robert E. Toomey Scholarship. This award was established in 1992 by Robert Toomey in honor of his father. Mr. Toomey is President and CEO of Nash Health Care Systems. This scholarship is to provide support to Health Administration students.
Herman & Johanna Vander Weide Scholarship. The scholarship was established in 1986 by James H. Vander Weide, Research Professor at The Fuqua School of Business, in honor of his parents. It provides scholarships for students enrolled in The Fuqua School of Business.
Ann Williams Vander Weide Scholarship. The scholarship was established in 1991 by James H. Vander Weide, Research Professor at The Fuqua School of Business, in memory of his wife Ann William Vander Weide. It provides scholarships for students enrolled in The Fuqua School of Business.
Kathleen K. & G. Richard Wagoner, Jr. Fellowship. This endowment was established in 2006 by Kathleen K. and G. Richard Wagoner, Jr. The endowment provides whole or partial fellowships to graduate professional students who are enrolled in The Fuqua School of Business.
Financial Aid Programs
The Fuqua School of Business participates in long-term federal and alternative student loan programs and the Federal Work-Study Program. The federal student aid need-based programs are available to students who demonstrate need according to federal guidelines. Students applying for federal loans and work-study must complete the "Free Application for Federal Student Aid" (FAFSA). The FAFSA may be completed using any of the following: (complete only one FAFSA) (1) The online FAFSA is available at
www.fafsa.ed.gov. (2) The paper version is available by calling (800) 433-3243 after January 1. Complete or request the FAFSA application that applies to the upcoming academic year.
Federal Student Loan Programs
Subsidized Stafford Loan (need-based). This is a federally subsidized student loan (no interest is charged to students during in-school enrollment and the 6-month grace period) that enables graduate students with financial need to borrow up to $8,500 per academic year, with an aggregate loan limit of $65,500 (undergraduate and graduate combined). Eligibility for a subsidized loan is determined by financial need using the information provided in the FAFSA results.
Unsubsidized Stafford Loan. This loan has the same terms and conditions as the subsidized Stafford Loan, except that the student is responsible for the interest that accrues while he/she is enrolled in school. The interest may be paid while you are enrolled in school or you can allow the lender to capitalize the interest and add it to the principal at the time of repayment.
The annual loan limit for the federal Stafford Loan (subsidized and unsubsidized combined) is $20,500. The aggregate loan limit for the federal Stafford Loan program is $138,500 (undergraduate and graduate combined).
The interest rate for the Federal Stafford Loan program is fixed at 6.8 percent for any loan made on or after July 1, 2006. Stafford loans that were certified and disbursed before June 30, 2006 will continue to have an interest rate that is variable annually, not to exceed 8.25 percent. This interest rate is set by the Department of Education and does not vary with lenders.
Federal Perkins Loan. This is a federal student loan program, which is campus based and administered by Duke University and The Fuqua School of Business. The annual federally authorized loan limit provides for loans up to $6,000 per academic year, with an aggregate loan limit of $30,000 per student. Due to limited funding, we are unable to offer this loan to all eligible students with financial need. The Fuqua School of Business awards these funds based on a student's determined financial need and available loan funds. The interest rate on Federal Perkins Loan is fixed at 5 percent and is subsidized during in-school enrollment and the 9-month grace period. The interest will begin to accrue nine months after graduation or termination of enrollment.
Student Work Program
Federal Work-Study Program. The Federal Work-Study Program is federally funded and supports the employment of students while they are in school. Students must meet federal need eligibility standards to qualify for participation. With Federal Work-Study, a student's salary is paid jointly by the federal funds and The Fuqua School of Business.
Students given work-study allocations are responsible for securing their own employment within the school, which offers a variety of employment opportunities for interested students. Fuqua students average working six to eight hours per week and are paid by the hour biweekly for the hours worked.
Graduate PLUS and Alternative Student Loans
Graduate PLUS and alternative student loans are for those who wish to supplement or replace expected contributions up to the Standard Cost of Attendance. There are educational loan sources available to graduate and professional students that offer assistance to supplement or replace the expected student contribution used in determining student eligibility for the Federal Stafford Student Loan and Federal Perkins Student Loan. These student loans are offered by the same lenders as the Stafford loans. The Graduate PLUS loan has a fixed interest rate at 8.5 percent and alternative student loans have interest rates based both on the Prime and LIBOR rates. These loans may have processing fees that are deducted at each disbursement or charged at repayment. All programs provide deferment of payments while enrolled full-time and may offer at least a six-month grace period after graduation before repayment begins. Because the terms and conditions vary more than federal Stafford and federal Perkins loan programs, additional information detailing these programs will be provided along with the individual financial aid award notification when eligibility for a federal loan is determined.
Expanded MBA Loan (formerly the Duke MBA Opportunity Loan). This loan was established to make loan funds available to all admitted international students without the need of a U.S. co-signer. International students will be eligible to apply for funds equal to the total cost of attendance for the academic year in the daytime MBA program. This amount may be increased for approved miscellaneous expenses which may include spouse and child living expenses, Global Academic Travel Experience (GATE) courses, and Exchange expenses. Executive MBA students may borrow the full cost of tuition less deposit. Historically, the interest rate on the Expanded MBA Loan has been the U.S. Prime Rate plus two percent, variable monthly. A disbursement fee of four percent is charged and will be added to the loan total at the time of disbursement. Sallie Mae will send quarterly statements (January, April, July, and October). Repayment of the Expanded MBA Loan begins six months after graduation (or withdrawal) from school.
Refund policy refers only to tuition payments; the initial deposit is non-refundable.
