Master Biomedical Science Financial Aid Information

The Master of Biomedical Science program understands that financial aid opportunities are top priority for many students. Scholarship opportunities offered through the Duke MBS program are listed on the program website . Qualified applicants may also be eligible for federal education loan programs. International students do not qualify for federal loans.

For more information about Scholarships and Financial Literacy, visit Office of Financial Aid and Student Financial Planning

Apply for Aid   

Cost of Attendance

  Fall 2022 Spring 2023 Total
Direct Cost (6 mos) (4 mos) (10 mos)
Tuition $24,372 $24,373 $48,745
Health Fee $450 $450 $900
Graduate Stdnt Activity Fee  $19 $18 $37
Graduate Stdnt Services Fee $11 $11 $22
Health Insurance $3,375   $3,375
Recreation Fee $171 $171 $342
Transcript Fee $120   $120
Student Gov't Fee $25   $25
Technology Fee $1,250 $1,250 $2,500
Drug/Alcohol Screening/Background Check $175   $175
Total Tuition/Fees $29,968 $26,273 $56,241
Indirect Cost      
Books & Instruments $695 $145 $840
Board $2,370 $1,580 $3,950
Loan Fee $992 $992 $1,984
Housing $7,410 $4,940 $12,350
Miscellaneous $2,568 $1,712 $4,280
Transportation $1,188 $792 $1,980
Total Living Expenses $15,223 $10,161 $25,384
Total By Term $45,191 $36,434 $81,625

 

Cost of Attendance    $81,625

  Fall 2022 Spring 2023 Total
Total By Term $45,191 $36,434 $81,625
       
Estimated Financial Aid Awards      
Direct Unsubsidized Loan  $ 10,250  $     10,250  $ 20,500
Direct Plus Loan (Graduate)  $ 34,941  $     26,184  $ 61,125
Total Financial Aid Awards  $ 45,191  $     36,434  $ 81,625

Please review: Federal Student Aid for information regarding but not limited to; loan fees, interest rates and repayment options. 

Financial Aid Timeline

     Financial Aid Timeline
May  1 Due date for financial aid application (FAFSA)
May 30 Financial aid awrds should be available
June 1 Access to on-line acceptance of aid open to matriculated students
June  15 Complete all checklist items on DukeHub (entrance counseling, signing the MPN)
June 15 Sign up for direct deposit on DukeHub
June 26 Financial aid awards for the fall term disburse into student's bursar's accounts
July  6 Fall term classes begin
July 6 *Refunds are processed the first week of class for the fall term
October 14 Return of excess loan funds to qualify for 120 days (no interest/no loan fee) - fall financial aid loans
December 19 Fall term ends
January  3 Financial aid awards for the spring term disburse into student's bursar's accounts
January  9 Spring term classes begin
January  9 *Refunds are processed the first week of class for the spring term
April 19 Return of excess loan funds to qualify for 120 days (no interest/no loan fee) - spring financial aid loans
May  5 Spring term ends
     
  * Students should add 3 - 5 business days to the "refund - student" transaction date for the refund amount to be deposited into the student's designated direct deposit account
     

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: An explanation of your bill is located on the Financial Aid website. You can also 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.