Expanding Scholarships and Financial Aid
Over the years, The Duke Endowment has worked closely with each institution to help make education more affordable through scholarships and financial aid. Examples include:
The Davidson Trust, supported by $21 million in grants to Davidson College, is a financial aid initiative that frees students from the burden of mandatory loans. Davidson was the first national liberal arts college to initiate such a policy.
The Financial Aid Initiative, a $75 million grant to Duke University, supports undergraduate need-based financial aid.
The Townes Scholars, a major scholarship program established with a $14 million grant to Furman University, helps the university attract highly qualified students from South Carolina.
A scholarship program at Johnson C. Smith University, supported by a $3 million grant, helps the school attract high-caliber scholars.