A Guide to Financial Aid for Tulane Students
Grants, Student Loans, & Fellowships
Free money is hard to come by when you’re a college student. Students attending Tulane University will have access to university and state scholarships and financial aid from the federal and state government. Tulane scholarships are based on merit, need and special interests and abilities, while federal and state financial aids are based only on need. Tulane financial aid packages include grants, scholarships, work-study, and loans.
Financial Aid Opportunities for Tulane University Students
- Grants from the U.S. government.
- Grants from the state of Louisiana
- Scholarships offered by Tulane University, Louisiana, and state and local organizations
- Opportunities for students with special skills and interests
- Loan Opportunities for Tulane University Students
Federal Financial Aid for Tulane Students
Just because you don’t have thousands of dollars saved up in the bank or under a bed somewhere, does not mean you can’t go to college. Tulane financial aid consists of grants and loans from the federal government. To qualify for federal grants and loans, you must file a Free Application for Federal Student Aid. To qualify for federal financial aid, you must submit both the FAFSA and the College Scholarship Service (CSS) Profile by February 15th. By April 15th, you will receive your award package.
You may be eligible to receive one or more of the following grants:
Federal Pell Grant
This grant is available to low-income students attending a post-secondary institution in the U.S.
National SMART Grant
The National Science & Mathematics Access to Retain Talent Grant is offered to students who are in their third or fourth year of college and are majoring in either a math or science program.
Federal Supplemental Educational Opportunity Grant
The SEOG was designed for low-income students to gain access to postsecondary schools.
Academic Competitiveness Grant (ACG)
The ACG is available to first and second year college students who graduated high school following January 1, 2006.
Which grant and the amount per grant you receive will depend on your EFC (expected family contribution) and Tulane’s tuition. The Tulane University Office of Financial Aid will determine how much you are eligible for after you submit your FAFSA and CSS Profile.
Louisiana State Grants for Tulane Students
Tulane financial aid also includes state grants. The Tulane University deadline for state financial aid is the same as deadline for federal financial aid. Tulane students who need financial assistance may benefit from one of the following Louisiana state grants:
Louisiana Leveraging Educational Assistance Program (LEAP) Grant
A grant designed for full-time students who are attending a college or university in Louisiana.
Louisiana Go Grant Program
Created to supplement financial need of low-income to moderate-income students who are resident of Louisiana.
Scholarships Available to Tulane University Students
Tulane scholarships are given on a need- and merit-basis through the admissions office.
The Dean’s Honor Scholarship, Presidential Scholar Award, Distinguished Scholar Award, Founder’s Scholarship, Academic Achievement Award, and Community Service Scholarship are merit-based Tulane University scholarships available to incoming freshmen students. For the Community Service Scholarship, you must submit a separate application to the Office of Undergraduate Admissions by January 15. For all other scholarships, your application for admission to the university needs to be turned in by January 15.
State scholarships supported by Tulane University are the Valedictorian’s Scholarship, John Hainkel Louisiana Scholars Award, Legislative Scholarship, and Mayoral Scholarship. All four scholarships are merit-based. The Legislative Scholarship requires a nomination from an associate of the Louisiana Legislature, and the Mayoral Scholarship requires a nomination from New Orleans’s current mayor. Each individual scholarship has slightly different application procedures and deadlines.
If you are an undergraduate student, you have to keep a 2.300 G.P.A and be enrolled full time in order to qualify for need-based Tulane University scholarships. If you qualify for need-based scholarships, your first year will be a conditional year. If you fall below a 2.300 GPA you may lose your need-based scholarships.
Scholarships for Students with Special Skills or Backgrounds
Tulane scholarships also include special skills or opportunities scholarships. The Athletic Scholarship is available to students who excel in athletics. There are full and fractional scholarships available to students who keep up their GPAs to NCAA standards. Around 12 Muscianship Awards are given to faculty-recommended students with a commitment to music. ROTC Scholarships are available to students in every division of the armed forces. Upon graduation, ROTC students are expected to become officers in their division of the armed forces. All the scholarships mentioned here can be renewed yearly.
Loans Available to Tulane University Students
If you don’t qualify for any of the above programs, or need more money, you can take out a loan. Tulane University supports federal loans. Federal loans available to Tulane University students are Federal Perkins Loans, Stafford Loans, and Parent PLUS Loans. Federal Perkins Loans are available at a low 5% interest for students who have financial need. Stafford Loans include the Federal Family Education Loan (FFEL) and Direct Loan Programs, which differ in interest rates. Parent PLUS Loans are available to parents who want to borrow money to help their students pay for school.
If you don’t qualify for federal loans in your financial aid package, you can borrow Stafford Loans, PLUS loans, and private loans from banks. Tulane University has a list of approved alternative lenders including Wells Fargo, Citibank, and Chase.
4 Important Points to Remember about Tulane Financial Aid and Scholarships
- When applying for financial aid at Tulane University, don’t forget to submit both a FAFSA and a CSS Profile.
- Tulane University has several merit scholarships, but you have to be at the top 10% of your class to qualify for most of them.
- Tulane students cannot accept both an ROTC and merit scholarship. You must choose which one is best for you.
- If you have to borrow loans, try to borrow from lenders who are approved by Tulane University.