Financial Aid - Doctor of Medicine (M.D.) Program

Duke School of Medicine places a high priority on need-based financial assistance for its students with a particular emphasis on grants and low-interest loans. Duke maintains a strict policy of selecting candidates without regard to their ability to pay for medical school.

The decision to attend a high-cost private medical school should involve the entire family. For purposes of the schools' need based funds, the student is not viewed as financially independent of parents. Individual students (and spouses, if married) and their parents have the primary responsibility for financing the cost of a medical education at Duke. Parental information will be used to determine grant eligibility each year of enrollment. Duke looks at both natural parents for purposes of determining Duke-need based financial aid for a student with divorced or separated parents.

 

Applying for Aid     Third Year Financial Information

 

Cost of Attendance

   Fall 2021   Spring 2022  Total
Direct Cost (billed by Bursar)          
Tuition $31,656 $31,655 $63,311
Health Fee $429 $580 $1,009
Gov't Dues $63 $62 $125
Graduate Stdnt Activity Fee $19 $18 $37
Graduate Stdnt Services Fee $10 $10 $20
Health Insurance*     $0
Lab Fee $300   $300
Drug/Alcohol Screening Fee $100   $100
Recreation Fee $163 $162 $325
Technology Fee   $1,050 $1,050 $2,100
Transcript Fee $120   $120
Duke Parking Permit $552 $0 $552
Total Tuition/Fees $34,462 $33,537 $67,999
Indirect Cost      
Books & Instruments $400 $400 $800
Board $2,625 $1,875 $4,500
Loan Fee $650 $650 $1,300
Housing $8,204 $5,860 $14,064
Miscellaneous $2,842 $2,030 $4,872
Transportation $1,309 $935 $2,244
Total Living Expenses $16,030 $11,750 $27,780
       
Total per Term $50,492 $45,287 $95,779

*Health Insurance will be added to the COA if billed by Bursar 

Total Cost of Attendance Year 1     $95,779

  Fall 2021  Spring 2022   Summer 2022 Total
Direct Cost (billed by Bursar)            
Tuition $21,104 $21,103 $21,103 $63,310
Health Fee $429 $429 $302 $1,160
Gov't Dues $63 $62   $125
Graduate Stdnt Activity Fee $19 $18   $37
Graduate Stdnt Services Fee $10 $10   $20
Health Insurance*       $0
Recreation Fee $163 $162   $325
Technology Fee   $1,050 $1,050   $2,100
Duke Parking Permit $552 $0   $552
Total Tuition/Fees $23,390 $22,834 $21,405 $67,629
Indirect Cost        
Books & Instruments $100 $100 $100 $300
Board $1,875 $1,500 $1,500 $4,875
Loan Fee $334 $333 $333 $1,000
Housing $5,860 $4,688 $4,688 $15,236
Miscellaneous $2,030 $1,624 $1,624 $5,278
Transportation $935 $748 $748 $2,431
Total Living Expenses $11,134 $8,993 $8,993 $29,120
         
Total per Term $34,524 $31,827 $30,398 $96,749

*Health insurance will be added to the COA if billed by Bursar 

Total Cost of Attendance Year 2     $96,749

 

 

Fall 2021

Spring 2022

Summer 2022

Total

Direct Cost (billed by Bursar)            
Tuition $21,104 $21,103 $21,103 $63,310
Health Fee $429 $429 $302 $1,160
Gov't Dues $63 $62   $125
Graduate Stdnt Activity Fee $19 $18   $37
Graduate Stdnt Services Fee $10 $10   $20
Health Insurance*       $0
Recreation Fee $163 $162   $325
Technology Fee   $1,050 $1,050   $2,100
Duke Parking Permit $552 $0   $552
Total Tuition/Fees $23,390 $22,834 $21,405 $67,629
Indirect Cost        
Books & Instruments $50 $50 $0 $100
Board $1,500 $1,500 $1,500 $4,500
Loan Fee $334 $333 $333 $1,000
Housing $4,688 $4,688 $4,688 $14,064
Miscellaneous $1,624 $1,624 $1,624 $4,872
Transportation $748 $748 $748 $2,244
Exam Fee $645 $645 $0 $1,290
Total Living Expenses $9,589 $9,588 $8,893 $28,070
         
Total per Term $32,979 $32,422 $30,298 $95,699

*Health insurance will be added to the COA if billed by the Bursar 

Total Cost of Attendance Year 3     $95,699

   Fall 2021    Spring 2022  Total
Direct Cost (billed by Bursar)          
Tuition $31,655 $31,655 $63,310
Health Fee $429 $429 $858
Gov't Dues $63 $62 $125
Graduate Stdnt Activity Fee $19 $18 $37
Graduate Stdnt Services Fee $10 $10 $20
*Health Insurance      
Recreation Fee $163 $162 $325
Technology Fee   $1,050 $1,050 $2,100
Duke Parking Permit $552 $0 $552
Total Tuition/Fees $33,941 $33,386 $67,327
Indirect Cost      
Books & Instruments $100 $100 $200
Board $1,500 $1,500 $3,000
Loan Fee $600 $600 $1,200
Housing $4,688 $4,688 $9,376
Miscellaneous $1,624 $1,624 $3,248
Transportation $748 $748 $1,496
Residency Interview Allowance $1,500 $0 $1,500
Total Living Expenses $10,760 $9,260 $20,020
       
Total per Term $44,701 $42,646 $87,347

*Health Insurance will be added if billed by the Bursar 

Total Cost of Attendance Year 4     $87,347

Financial Aid Timeline

First year students timeline 

February   Admissions Offer
April   Financial Aid awards (early April)
April   Deadline to notify Admissions of decision
June 15 Access to on-line acceptance of aid open to matriculated students
July 15 Complete all checklist items on DukeHub (ie. entrance counseling, signing the MPN)
July 15 Sign up for direct deposit on DukeHub
July  23 Federal financial aid awards for fall term disburse into student's bursar account
August 2 Refunds are processed during the first week of class for the fall term
October 31 Return of excess loan funds to qualify for 120 days (no interest/no loan fee) - fall financial aid loans
January  22 Federal financial aid awards for spring term disburse into student's bursar account
January  31 Fall term ends
December 24 Federal financial aid awards for spring disburse into student's bursar account
February 1 Refunds are processed during the first week of class for the spring term
April  3 Return of excess loan funds to qualify for 120 days (no interest/no loan fee) - spring financial aid loans
June 15 Request for remaining federal loan eligibility due
July  1 Spring term ends

Frequently Asked Questions

Q: How and when should I accept my loans?

A: You will accept your loans through Duke Hub under Financials.  After accepting your loans make sure that you have completed mandatory Entrance Counseling and signed your MPN (Master Promissory Note) on the studentaid.gov website to complete the process.

A: In order for the loans to show as anticipated aid on your billing statement, you should accept your aid by the week of June 14, 2021.  To avoid late fees accept your loans before the billing due date.  Once you accept your loans, the Bursar can see that you have anticipated aid and that aid is forth coming.

Q:  My loans are scheduled to disburse after the tuition due date.  What should I do? 

A:  Once you accept your loans, the Bursar can see you have anticipated aid and your billing statement will calculate the amount you need to pay.  If you have accepted enough to cover your bill then you will not have to pay the Bursar.  The Bursar will send bills for the fall term the week of June 21st with a due date of July 26th.  For the complete billing schedule for 2021-2022 visit the Bursar’s website.

Q: What if I don’t know how much loan I need to borrow?

A: Many students do not know what their budget will be at the time loans are accepted.  If you are unsure, we recommend you take out the full amount of loan you have been offered. Students have up to 120 days from the date the loan is disbursed to return unneeded funds. There is no interest accrual or penalty if returned within the 120 days.  Once you select accept, you may also decrease the amount yourself if you would like to borrow less.  Keep in mind the total of your loans will disburse over the number of semesters in your academic year.

Q:  How do I return excess loan funds?

A: Email the Office of Financial Aid indicating the amount you would like to return.

Finaid-som@dm.duke.edu  Once the loan has been adjusted, you will see the balance due on your Bursar tab-account activity.  You can make an e-check payment via the Bursar’s site.  https://finance.duke.edu/bursar

Q:  What is the contact information for Direct Lending?

A:   Sign into your Direct Loan account at https://studentaid.gov/ .

 

Q: I received an external scholarship. Who do I report this to and what will happen to my current award?

A: You can notify us through DukeHub or email the School of Medicine Financial Aid Office Finaid-som@dm.duke.edu.   Please indicate your student ID, the name of the scholarship, the amount of the scholarship, and if the funds will be for the fall term or the academic year. The funds will first reduce loan in your financial aid package and then need-based scholarship if all loans have been replaced.

Q: How do I find out general information about my bill (when is statement mailed, how do I change billing address, and what should I do if I don’t receive a bill?

A: Bursar FAQ.  

Q: Who can help me understand my bill?

A: Bills are prepared by the Bursar, you can contact the Bursar’s Office at 919-684-3531 or visit the Bursar’s website

Q: When will I get my refund?

A: If a student has a credit on their account after all required tuition and fees have been paid, they will be issued a refund. Refunds are processed the first week of class.

Q: What is the quickest way for me to get my refund?

A:  We recommend all students sign-up for direct deposit.  Direct deposit information can be found under the Forms & Requests tab on your Duke Hub or visit the Bursar’s website.

Q: How long does it take for me to see the refund once I see it has been refunded on DukeHub?

A: It typically takes up to 5 business days for the funds to show in your bank account after it has been issued.  It is important to accept your loan, complete the required Entrance Counseling and sign your MPN (Master Promissory Note), and submit the direct deposit form allowing at least a two week window for processing.

Q: I am running out of money, how can I find out when I will receive my next refund?

A: These dates are listed on your Duke Hub account.  Look at Financials and then View Financials Aid make sure to select the aid year.

Q: How do I know if anything is missing so there is no delay in my financial aid disbursing?

A: Track this information on your Duke Hub account under your financial aid “To Do” list.

Q: Where can I get a copy of my financial aid letter for my apartment rental application?

A:  You can find a copy of your financial aid award letter in Duke Hub or use the original email with your financial aid information.

Q:  Does DukeHub have instructions on how to navigate through the portal?

A:  DukeHub has a Financial Aid & Bursar “How To” section that is very helpful.