It is not too late to submit the 2024-25 Free Application for Federal Student Aid (FAFSA) to receive federal loan funding. The FAFSA must be completed a certain way, so follow the instructions below to avoid processing delays:
- School code: 002920
- College Grade Level: Other Undergraduate
You will receive a financial aid offer by email within 2-3 weeks after completing your FAFSA. It is too late to apply for the DUSON Need-based Scholarship.
Visit the Financial Aid Video Library to learn more about federal student loans, applying for private loans, outside scholarship opportunities, and billing and payment information.
Students must complete the Free Application for Federal Student Aid (FAFSA) each academic year to borrow from a federal student loan. ABSN students must be enrolled in a minimum of six credit hours per semester to receive federal student loans.
Federal Direct Student Loan
|
Dependent Student |
Independent Student |
||
|
Academic Year Limits |
Subsidized |
$5,500 |
$5,500 |
|
Unsubsidized |
$2,000 |
$7,000 |
|
|
Total Annually |
|
$7,500 |
$12,500 |
|
Total for Undergraduate Programs |
Subsidized |
$23,000 | $23,000 |
|
Unsubsidized |
$8,000 |
$34,500 |
|
|
Total |
|
$31,000 |
$57,500 |
The Federal Direct Subsidized loan is interest-free while enrolled in the program. The Federal Direct Unsubsidized loan begins accruing interest at the time of disbursement. Federal and private student loans disburse one week before classes start each semester.
Private Education Loans
When all federal loan options have been exhausted, or when a student is enrolled less than half-time and not eligible for federal loan funding, private student loans may be used. Private loans are borrowed from a source other than Duke or the federal government to help finance education expenses.
Students can borrow a private student loan from any financial institution. Duke provides a Lender List to assist students with applying for a private loan.
