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Student Loans

Duke University offers the William D. Ford Federal Direct Loan Programs for graduate students, including Stafford unsubsidized loans, Graduate PLUS, and Carl Perkins loans. Each of these loans has different terms and conditions, but they are generally deferrable until after graduation or until the student is enrolled for less than half-time.

These federal loans are available only to United States citizens and, generally, only to master’s students, because 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

Since 2013, The Graduate School has partnered with the Duke Credit Union to provide a short-term loan package for PhD 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 PhD program at Duke, purchase a computer, or address an unexpected emergency. GSAP offers qualified PhD student loans of up to $2,500 for up to 12 months at competitive interest rates. Payroll deduction is available. See the Duke Credit Union GSAP page for details and to apply.

Helen & Gordon McKinney Emergency Loan Fund

The Helen & Gordon McKinney Emergency Loan Fund, created in 2013, provides short-term, low-interest loans to Graduate School Ph.D. students for general expenses such as settling into a new home, purchasing a computer, or addressing unexpected emergencies. The maximum loan amount is $1,000 with a repayment term no longer than 12 months (or prior to graduating if applicable) at a 3.5% interest rate. Loan period begins from the date of disbursement. Interest does not begin accruing until the third month of the loan period. 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. | More information and application