Duke University Student Lending Principle - Duke University has established a set of publicly available principles and policies to govern educational lending practices for undergraduate, graduate, and professional students. These principles emphasize that lending practices proceed from a commitment to the best interests of our students, that we support students' right to choose their lenders and that neither Duke nor its employees accept financial payments, goods or services of material value from lenders. All employees involved in financial aid and student lending are subject to a rigorous conflict of interest policy. Administrators may serve as unpaid members of lender advisory boards in order to help shape the products and services that will best meet the needs of our students; in such cases, Duke pays all costs associated with that service. For more information on the principles and policies, please read Duke's Statement on Educational Lending.
Student Loans - Duke University offers several federal loans for graduate students, including Stafford unsubsidized loans, PLUS and Perkins loans, each with different terms and conditions, but generally deferrable until after graduation. Federal loans are available only to United States citizens and, generally, only to master's students, since Ph.D. scholarships and fellowships typically exceed the cost of attendance. Visit the Duke Financial Aid website for more information and application procedures for student loans.
Duke Credit Union Graduate Student Assistance Program (GSAP) - The Duke Credit Union has partnered with the Graduate School to provide a short term loan package for Ph.D. students who occasionally find themselves in need of funds on a short-term basis in order to settle into a new home when they begin their Ph.D. program at Duke, purchase a computer, or address an unexpected emergency. GSAP offers qualified Ph.D. student loans of up to $2,500 for up to 12-months at competitive interest rates. Payroll deduction is available. An application and detailed information can be found on the Duke Credit Union GSAP webpage.
Helen & Gordon McKinney Emergency Loan Fund - Created in 2013 with a generous gift from the Helen McKinney Trust which was established upon the death of Gordon McKinney (G '51), the Helen & Gordon McKinney Emergency Loan Fund provides short-term, low interest loans to Graduate School students for general expenses such as settling into a new home, purchasing a computer, or addressing unexpected emergencies. The maximum loan amount is $750 with a repayment term no longer than 12-months at a 3.5% interest rate. Students must possess the ability to repay the loan while they are enrolled as there is no deferment period. Students cannot have more than one loan outstanding at any point in time, and may only request three loans during their academic career. Applicants with outstanding federal aid will be subject to the federal cost of attendance regulations. Click here for additional information and a program application.