Any outside scholarship you receive MUST be reported to your college. In most cases, these outside scholarships will reduce your need based aid, usually starting with self help things like loans and work study.
A small number of colleges will allow you to stack awards up to the cost of attendance.
For need based aid purposes, schools will expect your family to pay the calculated net cost that the school determines they should pay. So…if Duke is expecting you to pay $30,000…plan to pay…$30,000. Your outside scholarships will reduce your need based aid from Duke.
I’m going to be very candid. You need to drop the “Dream school” thing. It’s fine to have a first choice college…but elevating it to some dream status just serves no point.
You have great stats, and your chances of getting accepted RD aren’t that much lower than ED. Remember that in that ED group are developmental admits, athletes, and the like.
How did your sibling pay for Duke? Was it a financial hardship for your family? Have your family finances been affected by the Covid situation?
I will add…are your parents divorced? Do they own a business or are either of them self employed? Do they own real estate in addition to your primary residence? If yes to any of these, the net price calculator is likely not going to be accurate.
Also, when did you do the net price calculator? Hoping it was after it was updated for fall 2021 freshmen.
Please, please consider your parent family finances. Please don’t apply to Duke and then guilt your parents into paying more than they say they can pay. Please don’t do that.
If your parents are prepared to pay the net costs of Duke as calculated by Duke…for all four years…then fine…do ED. But if finances are a consideration, I’m sorry, I have to suggest you reconsider applying ED.