Duke University (Duke) is one of the most academically competitive schools in the country with an acceptance rate at about 8% of applicants. Located in Durham, North Caroline, Duke has about 17,000 students, of which 6,800 are undergraduates. The annual tuition is about $65,000 while room and board adds another $15,000 for a total annual cost of about $80,000.
In 2020, Duke’s total revenue was $3.2 billion (compared to $3.3 billion in 2019) with most of the income coming from 3 sources: contributions, gifts, and grants ($1.6 billion), tuition and academic fees ($1.1 billion) and investment income/sale of assets, and royalties ($450 million). Expenses were $3.1 billion (not including $300 million in depreciation). At year-end, Duke had $10.9 billion in net fund assets. Read more