<p>I just received my financial aid estimate from Duke and I'm pretty worried about it. I'm getting a bit of loans + work study but the total cost of still ends up being around $40k/yr or so. </p>
<p>I'm just curious if Duke is considered pretty conservative with its upper-middle class aid or if its quite generous compared to other schools (in which case I'm screwed). </p>
<p>Thanks</p>
<p>Its better than Caltech....</p>
<p>upper middle class gets screwed over a lot (i think) with financial aid
yeah i got a lot of loans from duke...$5000 for freshman year...if it doesn't increase i should graduate with $20000 worth in loans? wow.</p>
<p>if you look up their endowments, duke supposedly gives more to its students? idk, does this mean that other schools will give less?</p>
<p>i do know that places like harvard will only expect your family to pay 10% of your income and princeton has eliminated loans completely...siigh, why can't duke do this??? duke needs a larger endowment!</p>
<p>What are you defining as upper middle class? If its 150k plus, then yes, they are getting screwed.</p>
<p>If it's 100-150, I'm not so sure.</p>
<p>Duke's endowment of 8.6 billion (I think), while not as large as HYPS's, is certainly sizeable.</p>
<p>what are your guys' income??</p>
<p>I'm middle class and I got $41,000 a year at Duke, all grants, but then again I have two sisters in college.</p>
<p>^^^^ I'm middle class and I got a lot too.</p>
<p>awesome! they were so generous, I'm sorry it didn't work out for some people the way they wanted it to.</p>
<p>it's just my family is gonna have so much more added expenses with the new baby coming this april. duke isn't really accomodating us...but it's not like they know about the baby on the way.</p>
<p>^Then, tell them about the baby! Calling the financial aid office never hurt anyone.;)</p>
<p>Duke is giving me 20k :o My parents still have to pay 24k though...and that added with my sister's costs of 30-40k (I'm not so sure) of college is going to be a lot per year. Oh well, I'll wait to see what other colleges I get accepted into before worrying about financial aid.</p>
<p>Duke (US News)</p>
<p>Endowment:
$3,915,925,000</p>
<p>so duke factors in siblings to their financial aid?</p>
<p>i asked this earlier but the thread got deleted. i have a sister and brother going to med school (parents are paying) simultaneously. will i be able to get some sort of aid (i am upper middle class around 200k)</p>
<p>^^ lol what are you talking about? That must b e like 3-5 years ago</p>
<p>USNews.com:</a> America's Best Colleges 2008: Duke University: At a glance</p>
<p>There's the link. I'm not sure, because I read $9 bill from Wikipedia too and it had a reliable source.</p>
<p>That endowment is outdated.</p>
<p>Duke now has an endowment of roughly 6 billion, and its total assets are between 8-9 billion</p>
<p>Still. Even with that endowment, they gave me virtually nothing for finaid... $3500/yr out of 51k/yr is nothing.</p>
<p>i think that duke would rather have larger revenues than a better admissions yield.</p>
<p>Please tell us all about it. </p>
<p>It's important to a lot of families to get a reality check on where the best financial aid is.</p>
<p>@sockpuppet. I am 100% sure Duke's financial aid office factors in siblings' cost for undergraduate institutions. However, I'm fairly certain that grad and professional schools are not factored in. They assume that the students themselves typically pay for it, and it wouldn't really be fair to give somebody more aid just because their parents are paying for it. Although I guess the same could be said for undegrad, but it is generally accepted that *most * parents help pay for undergrad, while not paying for grad education. In they didn't do this, parents would just "pay" for grad school and then tell their grad student to pay them back since they would save money on a siblings education costs, and there'd be no way to enforce it....this would be too easy to abuse. I believe Duke's practice is the typical practice.</p>