Duke Makes Changes to Student Aid Policies
Posted on December 10th, 2007
Duke University has announced plans to expand its financial aid programs for low income and middle income students.
Duke is following a policy trend in financial aid with its actions this week. A number of institutions have increased the grants available to lower income students. The goal at Duke (and other institutions) is to allow students to graduate debt free if their families make under $40,000 a year.
The new policy is driven partly by the demands of recruitment. Duke wants to remove finances as an obstacle in recruiting the nation's best students.
Duke's new policy will give some level of increased financial help to students with family income under $100,000 a year. The contributes a students parents make are reduced or eliminated under the new plan. Loans are replaced with grants that don't have to be paid back. Duke expects the new program to benefit about 2,500 undergraduates on the campus.
Among the other colleges and universities pursuing the new financial aid policy are Amherst College, davidson college, and Princeton University.
You can find details on Duke's new program here.
The new policy goes into effect beginning in the fall 2008 semester.
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