Students are eligible to apply for need-based financial aid during their research year. Students are charged tuition and fees and provided a cost of living allowance. Students receiving a research scholarship or departmental funding may also qualify for need-based financial aid. The award will incorporate the scholarship/funding as part of the financial aid award. Duke University School of Medicine policy dictates that all external scholarships/funding replace need-based loans first. Should the amount of the scholarship/funding exceed the loan amount in the award, the grant portion of the aid package will be reduced so not to exceed the established and approved cost of education.
Need-based financial aid funds are not available for any added monthly cost at study away sites where living expense is greater than if the student studies at Duke. Need-based financial aid funds are not available during ORS, CRS, IS, or IAD.
Scholarship awards are typically disbursed by term enrollment -- however, you should verify with your scholarship source the actual disbursement calendar and make financial arrangements accordingly. The funds credited to your student account first go to pay any outstanding tuition or fees on your account. Any remaining balance will be refunded to the student. The Financial Aid Office is not responsible for the distribution of funds paid directly to the individual labs and mentors.
ORS and CRS Funding
Students that apply for Optional Research Study (ORS) or Continued Research Studies (CRS) are eligible to apply for loan funds to cover fees and cost of living expenses. These expenses are included in the approved cost of education budget. Students are required to complete the FAFSA application if they are applying for need-based loan funds during these periods of enrollment.
Dual Degree
Students are eligible to apply for need-based financial aid if they enroll in an approved dual degree at Duke University to satisfy the third year requirement. The structure of each program is different thus we encourage students considering a dual degree to discuss their options with a member of the financial aid staff.
Students completing a second degree at another institution will be placed on Leave of Absence. Students may apply for financial aid through the institution they are receiving their second degree. Upon return from leave of absence, the student can apply for financial aid while completing their third year requirements and being charged third year tuition.
Dual MD/MBA
For students enrolled at School of Medicine and Fuqua School of Business.
Tuition Rates for students that start in the dual degree program Fall 2022 and after
The first two years of School of Medicine tuition are paid to School of Medicine while the student completes the Basic Science and Clinical Rotations.
The first year of the program (year three for medical students), students enrolled at Fuqua will be charged only Fuqua tuition. Students applying for financial aid will apply through the Fuqua School of Business Financial Aid Office. During the fourth and fifth years, students will be charged 5 terms of blended tuition.
Year 3 Fuqua only tuition Fall and Spring
Year 4 Fuqua and Med dual tuition Fall, Spring and Summer
Year 5 Fuqua and Med dual tuition Fall and spring
Financial Aid
As soon as a student is considering to pursue a dual degree program, financial aid counseling and planning is strongly advised. We recommend speaking with counselors in both the School of Medicine and Fuqua School of Business financial aid offices.
- Students apply for financial aid through Duke School of Medicine Financial Aid Office during the Basic Science and Clinical Rotation Years (Year 1 and Year 2). During the first year of the Dual Degree Program (year 3), students apply for financial assistance through Fuqua School of Business Financial Aid Office. Upon returning to Duke School of Medicine to complete the fourth and fifth years, students apply for aid through School of Medicine Financial Aid Office.
- Students are eligible for School of Medicine need-based and merit scholarships for a total of four years. These will be awarded during the Basic Science, Clinical Rotation, Research, and Clinical Elective years. Students are not eligible for School of Medicine funds during the first year of the dual degree program. Student loan eligibility, during this same time period, is based on Health Profession Loan limits. For questions: Email finaid-som@dm.duke.edu or call 919-684-6649.
- Students registered at Fuqua School of Business for their first year of the dual degree program, apply for financial aid and scholarship through Fuqua School of Business Financial Aid Office. Student loan eligibility is based on Graduate and Professional Student loan limits. School of Medicine scholarships are not applied toward this year. For questions: Email finaid-info@fuqua.duke.edu or call 919-660-8079.
- Direct loans have aggregate limits, which are cumulative and include any undergraduate, graduate, and medical school loans borrowed in the Direct loan program. The program aggregate limit is $224,000. Students who require funds in excess of their Direct loan will be awarded the option of a PLUS loan.
Tuition Rates for students that started in the dual program prior to Fall 2022
The first two years of School of Medicine tuition are paid to School of Medicine while the student completes the Basic Science and Clinical Rotations.
The next three years, students enrolled in the Duke MD/MBA dual degree program, receive seven terms of blended tuition charges throughout the program. The first charge will be during the first fall term when the student is registered in course work at Fuqua School of Business. The blended tuition charges will be as follows:
Year 3 Fall term and Spring term
Year 4 Fall term, Spring term, and Summer term
Year 5 Fall term and Spring term
The blended tuition rate is set each year. Rates are determined once the Board of Trustees have approved tuition for the following academic year. A break-down of tuition can be provided upon request once available.
Financial Aid
As soon as a student is considering to pursue a dual degree program, financial aid counseling and planning is strongly advised. We recommend speaking with counselors in both the School of Medicine and Fuqua School of Business financial aid offices.
- Students apply for financial aid through Duke School of Medicine Financial Aid Office during the Basic Science and Clinical Rotation Years (Year 1 and Year 2). During the first year of the Dual Degree Program (year 3), students apply for financial assistance through Fuqua School of Business Financial Aid Office. Upon returning to Duke School of Medicine to complete the fourth and fifth years, students apply for aid through School of Medicine Financial Aid Office.
- Students are eligible for School of Medicine need-based and merit scholarships for a total of four years. These will be awarded during the Basic Science, Clinical Rotation, Research, and Clinical Elective years. Students are not eligible for School of Medicine funds during the first year of the dual degree program. Student loan eligibility, during this same time period, is based on Health Profession Loan limits. For questions: Email finaid-som@dm.duke.edu or call 919-684-6649.
- Students registered at Fuqua School of Business for their first year of the dual degree program, apply for financial aid and scholarship through Fuqua School of Business Financial Aid Office. Student loan eligibility is based on Graduate and Professional Student loan limits. School of Medicine scholarships are not applied toward this year. For questions: Email finaid-info@fuqua.duke.edu or call 919-660-8079.
- Direct loans have aggregate limits, which are cumulative and include any undergraduate, graduate, and medical school loans borrowed in the Direct loan program. The program aggregate limit is $224,000. Students who require funds in excess of their Direct loan will be awarded the option of a PLUS loan.