Tuesday, March 14, 2017

Want a Good Education? Duke University, If You Can Get In, $300,000 Total for 4 Years

But Hey, They Will Let You Work or Borrow Money to Help

The disgrace that is higher education in America is that only the upper incomes can afford to attend four years at a good private school.  Here is the situation in Durham, N. C. for those of you who would like to send your children to Duke.

"Undergraduate tuition will be $51,720, a 4.3 percent increase, the university said in a news release.
The total cost for the next academic year, including tuition, room, board and fees, will be $68,298."

Read more here: http://www.newsobserver.com/news/local/community/durham-news/article136083468.html#storylink=cpy
Oh, you want textbooks and some money for living expenses, ok, over $300k for a four year degree.  But wait, Duke will help you.

"Half of all Duke students receive financial assistance from the university.
More than 40 percent of Duke undergraduates receive need-based financial aid, which includes grants, loans and work-study. The rest are beneficiaries of honors, athletics and other scholarship programs."

Read more here: http://www.newsobserver.com/news/local/community/durham-news/article136083468.html#storylink=cpy
Look people, work is not financial aid.  When you get your paycheck at the end of the pay period your employer is not giving you financial aid.  Look people, loans are not financial aid.  When the bank loans you money to buy a car or a house they do not call it financial aid.  They want it paid back with interest.

But maybe we are not being fair here.  After all the $300k+ applies to rich and poor alike.

Duke has a need-blind admissions policy, under which it accepts U.S. students without regard to their ability to pay for college and then meets all their demonstrated financial need.
Random shot of students at Duke - Notice the Racial makeup

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