Duke University (Duke) is one of the most academically competitive schools in the country with an acceptance rate at about 9% of applicants. Located in Durham, North Caroline, Duke has about 15,000 students, of which 6,500 are undergraduates. The annual tuition is about $53,000 while room and board adds another $17,000 for a total annual cost of about $70,000.
In 2016, Duke’s total revenue was $2.8 billion with most of the income coming from 3 sources: contributions, gifts, and grants ($1.4 billion), tuition and academic fees ($1 billion) and investment income/sale of assets ($0.3 billion). Expenses were $2.7 billion (not including depreciation). At year-end, Duke had $9.2 billion in net fund assets. Read more