Our support to make education more affordable for qualifying students is driven by the following key findings.
- For many families, cost is the single largest barrier to post-secondary education. In 2015-2015, the average annual cost of attending a private, four-year institution (including tuition, room and board) was more than $45,700.
- Nationwide, almost all students (97 percent) attending private, four-year institutions borrowed to pay for school. The average cumulative debt was $32,700.
- Many students drop out of school within the first year or two, leaving them with thousands of dollars in debt and decreased earning potential.
Grants and scholarships from The Duke Endowment have made it possible for thousands of deserving students to graduate with significantly less debt than would have been possible without financial aid. In many cases, students who received financial aid funded by The Duke Endowment graduated with no debt at all.