I already have a scholarship from an organization other than Duke. How will this affect my aid?

If you receive need-based aid from Duke, your aid will include work study and possibly a student loan. Any non-Duke scholarship you receive will first replace the loans and work study you were offered. If you receive more in outside scholarships than the total loan and work study you were offered, the additional amount will reduce the need-based Duke grant or scholarship.

The following three examples show how outside scholarships affect your need-based financial aid:

Example 1 Award with no outside scholarships
External Award $0
Work Study $2,000
Student Loan $4,000
Need-based Scholarship $30,000
Total Need-based Aid $36,000

The above is an example of a need-based financial aid award with no outside scholarships.

Example 2 Same award, but with $3,000 in outside scholarships
External Award $3,000
Work Study $2,000
Student Loan $1,000 ($4,000 initial less $3,000 outside scholarship)
Need-based Scholarship $30,000
Total Need-based Aid $36,000

The above is an example of an outside scholarship reducing part of a student's loan and work-study.

 

Example 3 Same award, but with $7,000 in outside scholarships
External Award $7,000
Work Study $0 ($2,000 initial less $2,000 outside scholarship)
Student Loan $0 ($4,000 initial less $4,000 outside scholarship)
Need-based Scholarship $29,000 ($30,000 initial less $1,000 outside scholarship)
Total Need-based Aid $36,000

The above is an example of an outside scholarship reducing the student's loan, work-study, and a portion of the Duke need-based scholarship.

 

To learn more about how to notify Duke you've received a scholarship and where to send your check, please see our information regarding Outside Scholarships.