Student Loans for Tulane Students
About Tulane University
The Tulane University of Louisiana is a private research university located in the heart of New Orleans, Louisiana. This non-sectarian university was founded in 1834 as a public medical college and within 13 years of its inception grew into a comprehensive university. The year 1884 saw the privatization of Tulane University as a result of the endowments of Josephine Louise Newcomb and Paul Tulane. The university has approximately 13,350 students enrolled in undergraduate and postgraduate programs. Tulane is a member of the colloquial Southern Ivy League and the Association of American Universities.
Tulane University Financial Aid
One of the highlights of Tulane is its financial aid options. The Tulane Financial Aid department provides funds to students with financial hardships to help them continue with their education. This department has a dedicated staff which provides substantial counseling to students as well as the parents. Getting enrolled in a financial aid plan with the university is easy since there are many options for students to choose from.
The scholarships and grants at Tulane Financial Aid department are divided into 4 main categories. These categories are Institutional Merit Scholarships, Transfer Student Scholarships, Louisiana Resident Scholarships and Need-Based Scholarships/Grants. Some of the best scholarship plans include Dean’s Honor Scholarship, Distinguished Scholar Award, Academic Achievement Award and Founders Scholarship. Transfer students can apply for the Phi Theta Kappa Award or the Collegiate Achievement Award. Residents of Louisiana can opt for dedicated scholarships such as Valedictorian’s Scholarship and the John Hainkel Louisiana Scholars Award. There are also scores of federal grants available at Tulane. These include Tulane’s NOLA (No Loan Assistance) Scholarship, Tulane Need-Based Scholarship, Federal Pell Grant, the Louisiana GO Grant and Federal Supplemental Educational Opportunity Grant (SEOG). Students can further opt for options like Athletic Scholarship, Musicianship Award, Federal Teach Grant and Veteran’s Educational Benefits.
Federals student loans can be applied for at the Tulane University Financial Aid department. The standard Free Application for Federal Student Aid (FAFSA) form can be downloaded from fafsa.ed.gov. You will be required to submit the updated FAFSA form along with bank statements and relevant documents to the Tulane Financial Aid department. Federal loans such as Federal Direct Stafford Loans, Federal Direct Parent PLUS Loan, Federal Direct Graduate PLUS Loan and Federal Perkins Loan are available at Tulane. A Satisfactory Academic Progress (SAP) is compulsory in all the financial aid options discussed above.
Private Student Loans and Tulane
If all your other financial aid options are exhausted, private student loans should be your next consideration. These student loans usually offer much more funds in comparison to the federal student loans and have a higher approval rate. The Comparison Tool available at our site will help you find and compare all your available options so that you can make the best decision.
The Tulane financial aid office offers a number of need-based scholarship and grant awards. The federal options students can apply for are Pell Grants and Supplemental Educational Opportunity Grants. In addition, students may also access Tulane need-based scholarships, NOLA (No Loan Assistance), or the Louisiana GO Grant.
What are the different types of Tulane University financial aid options?
Tulane financial aid packages include loans, scholarships, grants, and work-study programs. Each program has different eligibility criteria and terms. For instance, loans offered by Tulane are federal loans and institutional loans. The scholarships offered here are merit-based, and grants are provided to any students who demonstrate need. Work-study programs are also a popular aid option for students who wish to work on campus. To apply for aid all you have to do is fill and submit a FAFSA application form.
Pay for Tulane University*
|Total Avg. Cost||$53,860|
|Room & Board||$9,824|
|Financial Aid Information|
|Students Receiving Fin Aid||86%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,436|
|%Receiving Other Loans||3%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics