ABSN Admitted and Returning Student Financial Aid FAQs

Visit each heading below and go directly to the information:

Applying for Financial Aid

I did not submit my financial aid applications by the priority deadline. Can I still apply for financial aid?

It is too late for scholarship consideration. However, you can still submit a FAFSA to receive federal student loans. Returning students should complete the FAFSA for the next academic year by May 1 to receive a new financial aid offer by the end of June, allowing time to review and accept loans before the fall Bursar bill due date.

Can I use financial aid to cover the deposit?
No, federal student aid cannot be used to pay the deposit.

Will I receive my financial aid offer before I have to pay the admissions deposit?
Yes, we will email a financial aid notification within two weeks of acceptance and prior to the deposit deadline.

I am 23 and support myself. Can I become independent for financial aid purposes?
Federal guidelines determine whether you are considered independent or dependent for federal loan purposes. Please note that filing taxes independently and supporting yourself are NOT factors in determining your dependency status.

How can I report expenses not included in the financial aid budget?
If you have high non-discretionary expenses, such as medical or daycare, please email us at SON_finaid@dm.duke.edu and we will send you a Cost of Attendance Request Form with instructions. Routine medical expenses are already factored in to the Cost of Attendance budget, so we will only consider expenses in excess of that allowance. We are NOT able to make adjustments for consumer or routine household expenses, such as credit card debt, car payments, rent/mortgage payments, etc.

Financial Aid Awards

Will I need to fill out the FAFSA each year?
Yes, you will need to complete the FAFSA for each academic year in which you plan on applying for federal student aid. The 2020-21 FAFSA is required for federal loans for the fall 2020, spring 2021, and summer 2021 semesters. The 2020-21 FAFSA, which will be available beginning October 1, 2020, is required for federal loans for the fall 2021, spring 2022, and summer 2022 semesters.

How do I accept my financial aid?
Once you have accepted the offer of admission and paid your deposit, you will receive a NetID and password from Duke’s Office of Information Technology (OIT). This will allow you to log in to your DukeHub account. Within the financial aid section of the DukeHub you can view, accept, reduce, or decline your financial aid award.

I am receiving an outside scholarship. Do I need to report this?
Yes, outside scholarships must be reported to DUSON’s Office of Financial Aid if you are receiving federal loans. We are required by federal policy to account for all scholarships a student receives. Report outside scholarships by email to son_finaid@dm.duke.edu.

My financial aid offer includes an item called "Additional Loan Eligibility." What does this mean?
We have indicated the maximum amount you may borrow from a private loan for the academic year. This is calculated by taking your total cost of attendance and subtracting any scholarships, grants, or loans awarded to you. Private loans are subject to credit approval. After accepting your admissions offer, you will receive an invitation to meet and discuss your financial aid options with a financial aid counselor.

I am an international student. What financial aid is available to me?
International students are not eligible for federal loans or Duke School of Nursing scholarships. International students may be able to borrow a private student loan with a U.S. cosigner. For more information regarding private student loan, visit: https://financialaid.duke.edu/loans/recommended-lenders-0#US

I am eligible for Veterans benefits. How do I activate this benefit at DUSON?
You will need to request your Certificate of Eligibility (COE) from the VA and submit this to Duke’s VA Certifying Official in the Duke University Registrar’s office to begin this process. More information regarding Veterans benefits at Duke is available on the University Registrar’s website under the Veterans heading.

Student Loans

What are the minimum number of credit hours each semester to be eligible for federal loans?
ABSN students must be enrolled in a minimum of six credit hours each semester to receive federal student loans. Federal policy does not allow disbursement of a loan during a semester in which a student is enrolled for fewer than the required credit hours.

What are the requirements to be eligible for federal loans?

  • Accepted into a degree program

  • Enrolled in a minimum of six credit hours per semester

  • A U.S. citizen or an eligible non-citizen

  • In good standing, with no federal loan default

  • Maintain satisfactory academic progress

What is the difference between a Direct Unsubsidized Loan and a Direct Subsidized Loan?
Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest on subsidized loans while the student is enrolled in their undergraduate program. Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. The Unsubsidized Loan begins accruing interest as soon as funds are disbursed. For more information about the difference between these two loans, visit: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized#subsidized-vs-unsubsidized.

What are the current interest rates on the direct subsidized and unsubsidized federal loans?
The interest rates and origination fees change from year to year. Visit the Department of Education’s website to view the current year’s interest rates: https://studentaid.ed.gov/sa/types/loans/interest-rates#fees.

What is the aggregate loan limit?
The aggregate loan limit  is the total amount that you may borrow for your undergraduate studies. Students who are classified as “dependent” on the FAFSA are eligible to receive $31,000 in total for their undergraduate studies including the ABSN program. Students who are classified as “independent” on the FAFSA are eligible to receive $57,500 in total for their undergraduate studies including the ABSN program. Visit the Dept. of Education website for more information: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized#how-much.

How do I find out if I am near my aggregate loan limit?
Visit the National Student Loan Data System (NSLDS) website to view your federal student loan borrowing history. Please note that private education loans are not listed on this site.

Why am I not eligible for the Pell Grant?
Pell grants are awarded to students who have not yet completed a bachelor’s degree. Since the ABSN program is a second bachelor’s degree our students are not eligible to participate.

Federal Direct Parent Plus Loan

The Federal Direct PLUS Loan is an option for parents of ABSN students who are classified as “dependent” on the FAFSA application. The Federal Direct PLUS loan offers reasonable, fixed interest rates, generous qualifying credit criteria, and flexible repayment plans. Credit approval is required, and you must submit the FAFSA.

How do I receive the federal loans offered to me?
Accept the loans in the financial aid section of the  DukeHub. After accepting the federal loans, you will be prompted  to complete the required online Entrance Loan counseling and Master Promissory Note. Once these requirements have been completed, the funds will disburse to your Bursar account 10 days prior to the start of each term.

How do I apply for a private loan?
To apply for a private loan, you must first select a private lender. Please review Duke's Lender List to help with the selection of a private lender. After accepting your admissions offer, you will receive an invitation to meet and discuss your financial aid options with a financial aid counselor.

Disbursements and Student Bursar Account

When will my financial aid disburse?
Student loans and DUSON need-based scholarships will disburse no earlier than 10 days prior to the first day of classes. All other awards, including veteran’s benefits and North Carolina FELS, will disburse approximately 4-6 weeks after drop/add ends.

When will I receive my refund check?
The Bursar’s Office receives the funds and begins reviewing account balances prior to the start of classes and begins processing refund checks by the first day of classes. For the quickest delivery of your refund, consider setting up direct deposit through the "Forms" section in the DukeHub. Your refund will be deposited directly into your bank account instead of a paper check being mailed. You can view your account information through DukeHub to see if you have a credit balance and when a refund was issued.

How do I access my 1098-T for tax reporting?
Please go to the Bursar website to view this information.

Does Duke offer a monthly payment plan?
Yes, the Bursar’s Office (Duke’s central billing office for all schools) offers a monthly payment plan option. For more information and instructions, visit: https://finance.duke.edu/bursar/Payments/index.php.

When are payments due each semester?
The Bursar’s Office (Duke’s central billing office for all the schools) posts billing and payment schedules on their website: https://finance.duke.edu/bursar/Billing/index.php.

What is the cost of the ABSN program?
Tuition and fees are posted on the Admissions website. For more information, visit: https://nursing.duke.edu/academic-programs/absn/absn-tuition-fees. Tuition and fees change each year.

Outside Scholarships

How do I find outside scholarships?
We post outside scholarships we find out about on our website. For more information, visit: https://nursing.duke.edu/financial-aid/scholarships-list. We have listed outside organizations and scholarship searches on our website. For more information, visit: https://nursing.duke.edu/node/29923.

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