<p>My EFC is 0, and my twin brother is also attending college next year. We're very high need obviously. Assuming I get into Duke, what financial aid should I expect? How much in loans, grants, etc.? </p>
<p>Thanks.</p>
<p>oh good, someone else like me. Mines forty</p>
<p>IF they cover all of it this would be my estimate
about 30-34k in grants.
about 6-7k in loans
about and maybe about 5-6k in part time jobs and other things.</p>
<p>Just my belief but this is what i would think.</p>
<p>That sounds like a pretty good deal, but don't you think that there would be a little more in the way of loans?</p>
<p>The average grant award at Duke is somewhere around 22,000, and obviously that takes into consideration every student receiving grant awards. With an EFC of 0 I'd agree with gyros in somewhere around the 30K mark. I think it's kind of a wait and see sort of thing, but I think it's safe to say you'll see a reasonable amount of grant money with some loans thrown in there (which is honestly not THAT bad...loans in general I mean)</p>
<p>I would love to attend Duke, but I think I won't be able to afford it. I haven't even got in, but if I do, I would be devestated if I couldn't attend b/c of my financial situation. What is the max./min. I can expect in loans? How about in grants? I might get some scholarships that I might be able to contribute. Would that take away from my grant money?</p>
<p>First, have you completed the CSS profile? Second, you will be asked to submit income tax documents (preferably for 2006) through the IDOC. Make certain you have completed all of the financial aid steps.</p>
<p>Third, yes, if Duke gives you a scholarship/grant and loans, any outside scholarships will go first against your loans. My D won a small scholarship (less than $500) and the amount of her loan was reduced to reflect the scholarship.</p>
<p>Fourth - don't worry so much - Duke uses its own methodology to calculate financial aid:</p>
<p>They encourage families to contact them - they take into effect family size, number of children in college, etc. So, call the financial aid office and make certain they know your family's circumstance.</p>
<p>On a more personal note - my D was accepted to six colleges. Of the six Duke offered the most in need based aid. And all six had received the exact same information through FAFSA, CSS and IDOC.</p>
<p>Thanks westcoastmom. I never really thought about the financial part of college until recently, and it's making me freak out a bit.</p>
<p>Re: the question about loans.</p>
<p>Duke's financial aid office tries very hard to limit the need-based loans that students have to shoulder. 6 grand sounds about right, but your mileage may vary!</p>
<p>6 grand doesn't sound too bad. I think I'll have to compare financial aid packages first of course. Thanks for the help.</p>
<p>Our experience agrees with westcoastmom's. All U's rec'd the same $ info, and Duke came in with the best offer. AND after we met with them to make sure that the offer wasn't too good to be true and their finding out more about our particular circumstances, Duke actually improved the package. </p>
<p>So, don't worry yet!</p>