1. Office of Financial Aid Duke University School of Medicine Financial Aid for the Pathologists’ Assistant Program

2. All Rights Reserved, Duke Medicine 2007 Cost of Attendance Duke’s Financial Aid Package Types of Financial Aid How to apply for Financial Aid Topics of the day

3. All Rights Reserved, Duke Medicine 2007 Tuition & Required Fees$31,817 Living Expenses$23,184 –$1,932 monthly $863 – rent $504 – board $379 – miscellaneous $1803- transportation Books$687 Loan fees$1,610 1 st year total COA $ 57,298 Cost of Attendance for 2014-2015

4. All Rights Reserved, Duke Medicine 2007 Duke Financial Aid Package Federal Direct Student Loans Unsubsidized Stafford Loan Grad PLUS Loan

5. All Rights Reserved, Duke Medicine 2007 Federal Direct Student Loans cont’d Unsubsidized Stafford Loan – 6.21% fixed interest rate for loans disbursed July 1, 2014 – June 30, 2015. Interest accrues while in school. Interest rates for loans to be disbursed after July 1, 2015 not yet available as tied to 10 year Treasury Note. –interest rate cannot exceed 9.50% –1.073% loan origination fee (after 10/01/14) Maximum award per academic year - $20,500.00

6. All Rights Reserved, Duke Medicine 2007 Federal Direct Student Loans cont’d Grad PLUS Loan –7.21% fixed interest rate for loans disbursed July 1, 2014 – June 30, 2015. Interest accrues while in school. Interest rates for loans to be disbursed after July 1, 2015 not yet available as tied to 10 year Treasury Note. –interest rate cannot exceed 10.50% –4.292% loan origination fee (after 10/01/14) Maximum award per academic year – up to total cost of attendance (remainder of budget)

7. All Rights Reserved, Duke Medicine 2007 Other loans Alternative Loans –Private loans – variable and fixed interest rates, stringent credit check, typically not available for federal loan consolidation or federal loan forgiveness programs

8. All Rights Reserved, Duke Medicine 2007 Other funding sources Veterans Benefits – Yellow Ribbon Program Civic Organizations Health Care Organizations School affiliations Professional Organizations Home state affiliations www.StudentAid.ed.gov

9. All Rights Reserved, Duke Medicine 2007 Applying for Financial Aid Complete the 2015-2016 FAFSA Free Application for Federal Student Aid, www.fafsa.ed.gov www.fafsa.ed.gov 002920 Duke University / School of Medicine

10. All Rights Reserved, Duke Medicine 2007 Your FAFSA Step Two –Tax Return Filed? Must have one of the following status in order to calculate EFC and determine eligibility –COMPLETED –NOT FILING –Please do not submit a FAFSA with a “WILL FILE” status as it is not valid for processing of aid awards –IRS data retrieval tool

11. All Rights Reserved, Duke Medicine 2007 To – Do List Send in your forms no later than April 15, 2015 Check your credit report! –Students who borrow Grad PLUS loan will undergo a credit check by Direct Lending –Must not have adverse credit history or a co- endorser may be required –www.annualcreditreport.comwww.annualcreditreport.com

12. All Rights Reserved, Duke Medicine 2007 Adverse Credit per the Department of Education Bankruptcy (Chapters 7, 11 or 12 within past 5 years) Voluntary surrender within past 5 years Repossession within past 5 years Foreclosure proceedings started Foreclosure within past 5 years Deed in lieu of foreclosure Accounts currently 90 day or more delinquent –Unpaid collection accounts –Charge offs / write offs Wage garnishment within past 5 years Defaulted loan that has been claim paid Lease or contract terminated by default County/State/Federal tax lien within past 5 years

13. All Rights Reserved, Duke Medicine 2007 Financial Aid Timeline -June 2015- access to on-line acceptance of aid open to matriculated students (should be done early June) -July 2015- loan entrance counseling and Master Promissory Note completion deadline (early July) -August 2015- financial aid disburses to student account 10 days prior to classes beginning -August 2015- refunds issued to students for living expenses (first week of classes)

14. All Rights Reserved, Duke Medicine 2007 Applying for loans All federal educations loans offered through Direct Lending www.studentloans.gov –Apply for loans –E-sign Master Promissory Notes –Complete Mandatory Entrance Counseling Stafford/Grad Plus

15. All Rights Reserved, Duke Medicine 2007 Federal Loan Facts Stafford Unsubsidized Loan –6.21% fixed interest rate (for 2014-2015) –6 month grace period –Repayment lengths based on payment plan selected GradPLUS Loan –7.21% fixed interest rate (for 2014-2015) –6 month post-enrollment deferment

16. All Rights Reserved, Duke Medicine 2007 Loan facts cont’d Fulfill service commitment for any loan and/or scholarship provided Select repayment plan suitable for you –www.studentloans.govwww.studentloans.gov Keep track of your federal education loan debt –www.nslds.ed.govwww.nslds.ed.gov Keep lender informed of any changes to your name, address, telephone numbers or Social Security number

17. All Rights Reserved, Duke Medicine 2007 Details to consider Arrive with at least 1 month of living expense on hand. 2 months is even better. Cost of Attendance may not be increased to cover expenses for spouse and/or dependents. Disbursement of loans will not take place until 1 st day of classes…..see above! Arrive with reliable transportation. Loans may not be used to purchase a vehicle. Pay down consumer / credit card debt. High debt may impact ability to obtain GradPLUS loan funding. Consumer debt is not considered part of the cost of attendance.

18. All Rights Reserved, Duke Medicine 2007 Office of Financial Aid staff Lori Crooks – Director of Financial Aid Karen Woodlief, Associate Director Mitsi Norton – Financial Aid Officer Steven Wilson – Student Services Officer

19. All Rights Reserved, Duke Medicine 2007 Contact Information Office of Financial Aid Suite 0368, 3 rd Floor Seeley G Mudd Building Box 3067 DUMC Durham NC 27710 ph:919-684-6649 fx:919-684-0251 finaid@dm.duke.edu http://medschool.duke.edu/education/financial-aid-office

20. Questions?