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• Step 1 |
• Step 2 |
• Step 3 |
• Step 4 |
• Step 5 |
• Outside Assistance |
• Step 6 |
• Duke Tuition Benefit  |
• Reapplying |

Step 1: Complete the Free Application for Federal Student Aid (FAFSA)

All U.S. citizens and permanent residents applying for financial assistance must complete the Free Application for Federal Student Aid (FAFSA) before applying for the federal student loans with a lender.  The FAFSA should be completed as soon as tax information is available (or by the dates stated in the documents linked below) to ensure timely processing of your financial aid application. These are not deadlines, but recommended dates. We will process your financial aid application whenever your FAFSA results and The Duke Executive MBA Financial Aid Form are received. Fuqua does NOT need a copy of the FAFSA.

Weekend Executive

• Class of 2009
• Class of 2010

Global Executive

• Class of 2009
• Class of 2010

Cross Continent

• Class of 2010
• Class of 2010 (December)

Use the following information to complete Step 6 of the FAFSA application:

• Title IV Code: E00160
• College Name: Duke University, Fuqua School of Business
• Address: Not required when using Title IV code

If you do not have complete tax information, we recommend you file the FAFSA using your estimated income.

• Use one of the following options to complete the FAFSA:
  Complete the FAFSA on the web (recommended method). After completing the web application you must print the signature page and mail as instructed to the processing center, or use the e-signature with a PIN.
• Complete the FAFSA paper application. You may request a paper application by calling 1-800-433-3243.
  Upon receipt and review of your Federal Financial Aid data (FAFSA), your eligibility for student loans will be determined. You will receive an individual award notification that will inform you of the various loans available to you. Please note that we are unable to assess your eligibility by phone.

Receiving Data Electronically

The FAFSA application data and analysis will be received electronically by The Fuqua School of Business from the Department of Education Central Processing Service (CPS). This data will be referred to as the Institutional Student Informational Record (ISIR).

Step 2: Complete The Fuqua School of Business Financial Aid Form

After completing the FAFSA, complete and submit The Duke Executive MBA Financial Aid Form. Your FAFSA results cannot be reviewed until this application is received. 

• 2009-2010 Form
  

Step 3: Receiving your Federal Student Aid Report (SAR)

FAFSA Data Acknowledged

After the FAFSA form has been processed, you will receive a Student Aid Report (SAR) from the US Department of Education. This report is your acknowledgment that your FAFSA data was received, processed and provided to the institutions you listed. Fuqua will contact you and request any documents or information needed to resolve any issues that resulted from processing your FAFSA application. It will not be necessary for you to verify that your FAFSA data has been received. Check Step 6 of your Student Aid Report (SAR) to confirm that The Fuqua School of Business is included in the institutions to receive a report.

Step 4: Verify your SAR Data & Make Corrections

Verification

Each year the US Department of Education randomly selects students for a process called "verification". As a result, Fuqua must verify that the information indicated on the FAFSA is correct. If you are selected for verification, you must provide a signed copy of your federal tax form (including schedules) and a copy of W-2 form(s). This selection will be indicated in the comments on the Student Aid Report (SAR) that is sent to you after the data is processed. Students who are selected for federal verification must also submit the Verification Worksheet. Please see right side bar for downloadable forms.

Corrections

If you find any errors on the processed SAR report, make the corrections, sign and re-submit the corrected SAR back to the Department of Education.  You may forward a copy of your corrected SAR to The Duke Executive MBA Financial Aid Office as well.

Step 5: Receiving Financial Aid Award Notification

Award Package

Once a student's financial need is determined, an award notification is sent which will contain detailed instructions on the procedures to follow regarding the application procedures for student loans. This eligibility information will include both federal and nonfederal programs. We recommend that students not contact lenders until after receiving the financial aid notification, which details eligibility for the Federal Stafford Loan and the recommended process for applying.

Outside Assistance

All students must immediately notify The Duke Executive MBA Financial Aid Office of all assistance received from other sources (such as tuition assistance from employers).  You must provide copies of any written notice received as soon as you have them or provide a written statement, which describes the assistance that will be received.  A revision or adjustment of your financial aid package may be necessary to prevent you from being over awarded under federal guidelines. Failure to provide this information could result in the cancellation and/or repayment of all or a portion of assistance already received.

Step 6: Reviewing Award Notification and Applying for Student Loans

After receiving the financial aid award notification, students should follow the instructions to apply for the loans that are awarded to them.

All U.S. citizens and permanent residents with loan eligibility will be expected to apply for the Federal Stafford Loan before applying for an alternative student loan. Your Federal Stafford Loan Master Promissory Note and your Alternative Loan Application will be completed online.

Since Sallie Mae services Federal Stafford Loans for our preferred lenders, they will notify you once The Duke Executive MBA Financial Aid Office has certified your Federal Stafford Loan. Instructions on how to determine your alternative loan eligibility will be included in your award notification. The process will be fully explained in the information provided with your financial aid award notification. Federal Stafford Loan eligibility is generally certified within two weeks of your financial aid award notification being sent.

The award package will also contain information about our alternative student loan program.  This loan can be used to replace expected contributions and allow a student, if necessary, to borrow up to the total estimated cost of attendance for the academic year.

Duke Tuition Benefit

Benefit amounts calculated for students receiving the Duke Tuition Benefit are estimated by our office. As result, the amount you actually receive may be different than what is indicated on your financial aid award. Please contact the Duke Tuition Benefit Program Office for your exact amount and notify our office. If you are receiving the tuition benefit, the amounts may change each term which could affect loan eligibility. If benefit amounts differ from what is calculated on your financial aid award, loan eligibility can be recalculated which could result in having to apply for an additional loan.

Reapplying for Financial Aid

Except for merit scholarship awards, financial aid is not automatically continued for the next year. You must complete a new or renewal FAFSA application to reestablish loan eligibility and reapply for student loans. The type and amount of loans may change according to your needs and available resources. Information regarding this process will generally be provided prior to the new academic year. The Duke Executive MBA Financial Aid Form will have to be submitted each academic year financial aid is requested as well.