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financialaid.duke.edu
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Definitions (21)
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aid
Money from grants, scholarships, benefits, or loans used to pay the cost of college.
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budget
the estimated total cost for an individual student to attend college (also referred to as the cost of attendance for one year or term). The budget includes billable expenses (such as tuition, fees, room, and board), as well as costs students may not have considered. For instance, a student's budget includes the estimated cost of travel to Duk [..]
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fafsa
The FAFSA (Free Application for Federal Student Aid) is the application for financial assistance from the federal government. In many states, the FAFSA is also used to determine eligibility for state aid. While the FAFSA is the only application as student must complete to receive federal aid, students who would like to be considered for institutio [..]
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grants
Money used to pay for college that does not have to be repaid.
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idoc
The College Board's Institutional Documentation Service. For students applying for institutional aid, all tax and wage information from the custodial household should be sent to the IDOC Service after the CSS Profile application has been completed. Tax and wage information for noncustodial parents should be sent directly to the Office of Unde [..]
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independent student
Federal regulations require that all students under the age of 24 be considered a dependent of the parent for the purposes of financial aid. Only when a student has been declared a ward of the court, has been in foster care after the age of 13, is considered an unaccompanied (homeless) youth, or has experienced other similar circumstances may a st [..]
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loans
Aid that must be repaid, either during a student's time at Duke or after graduation. Both federal and private loans may be available to assist with the cost of Duke. To find out more about your options, visit our loans page
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noncustodial parent
If a student's biological or adoptive parents are divorced or separated, Duke requires information from each parent. Eligibility for aid is based on the expectation that both parents should contribute financially to their child’s educational expenses; therefore, both the custodial and noncustodial parent must submit financial aid application i [..]
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parent contribution
The amount of the expected family contribution that is the responsibility of the parent(s).
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perkins loan
A federal loan program available to students based on financial need. Duke determines a student's eligibility for the Perkins loan. To learn more about the rates and terms, visit our loans page
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