How to Apply for Financial Aid
The financial aid application is available for submission year round and will be used for all programs through July. A new application will be available at the start of each school year requiring all updated forms and documents.
Beginning (or Initiating) the Financial Aid process includes the following
- Go to your My TIP account to complete, review, and submit your financial aid application. Please ensure all tax and other documents are uploaded and that all application fields are populated.
- Monitor your email and My TIP account for communications.
Duke TIP financial aid process includes, but not limited, to the following steps:
- Review applicant’s financial aid application and all associated documentation.
- Determine financial aid eligibility and notify applicant. Actual award is based on available funds at time of placement in a program.
Upon notification, you will be able to see the amount of aid your children are eligible for by program in your My TIP account.
Considerations when applying for financial aid
- You will need to submit a copy of the 2019 tax forms for any adult in the home, and, if applicable, the amount provided by any governmental assistance programs or other income. Please see the following acceptable examples:
- 1040 and all associated schedules; Social Security; SSI payments; child support payments; unemployment compensation; welfare, TANF, or other public assistance; military assistance; untaxed disability, retirement, etc.
- If you are not required to file a tax return because your income level falls below the IRS filing threshold, you must still complete the financial aid application. However, note on it that you are not required to file a federal tax return, and submit copies of documentation for the income you do receive. Examples of documentation: an annual Social Security award amount letter, SSN-1099, unemployment or disability income award letters, or public assistance qualification notification letters.
- A financial aid application needs to be submitted prior to, or along with, a program application to be eligible for aid in that program. Financial aid applications submitted after a program application will be used for future programs.
- Financial aid requests do not affect your admissions decision.
- We recommend you apply as early as possible to maximize your chance of receiving aid.
- We only offer financial aid to families who live and file residential taxes in the United States.
- Families who send multiple students to TIP programs in a single year are eligible to receive financial aid for each individual student; however, we are not able to provide any additional financial assistance beyond those awards.
- You must submit a new financial aid application each year, even if you were awarded aid previously, so we can ensure that the amount you qualify for has not changed.
Many families wonder if they qualify for the Child and Dependent Care tax credit when their child attends TIP. Unfortunately, the IRS has stated that the cost of sending a child to an overnight camp is not covered, so any residential TIP program is not eligible for this credit.
529 college plan funds
Please speak with your accountant before utilizing your 529 plan funds to pay for TIP programs. TIP does not believe the 529 college plan funds qualify for this usage because with this plan you are expected to be enrolled at the university and the payments are for tuition-related expenses. Duke TIP students are not enrolled in Duke University and are paying a program fee, not college tuition, so the required tuition payment statement (1098 T) required by the IRS cannot be produced by the university or Duke TIP.