Financial Aid News: 2015-2016 Financial Aid Processing
We wish to welcome all who are applying to Tulane for the upcoming 2015-2016 academic year. If you wish to review the necessary steps for applying for financial aid for the 2015-2016 year, please click here (http://tulane.edu/financialaid/steps/index.cfm).
For incoming full-time undergraduate applicants, our recommended deadline is February 15, 2015 for completing your financial aid applications; specifically, both the 2015-2016 Free Application for Federal Student Aid (FAFSA) and 2015-2016 College Scholarship Service (CSS) Profile form. Please note that the FAFSA is used solely to determine a student's eligibility for all federal student aid, while the CSS Profile (and the FAFSA) is required for student's seeking to be considered for Tulane's need-based scholarship funding.
At this time, Tulane is scheduled "go live" with the 2015-2016 financial aid section of our on-line portal (Gibson) in late February 2015. Once operational,you will be able to check the status of your financial aid application, to view what applications and/or documents we have received and what possible additional applications and/or documents we are requesting before finalizing a financial aid award notification. Tulane's secure Gibson on-line portal will also ultimately provide details concerning your financial aid award. If you do not know your logon credentials, be sure to click on the "Forgot your username or password?" link, andTulane will e-mail (to your e-mail address of record) your necessary log-in credentials.
During the first week of March 2015 we expect to begin sending 2015-2016 award notifications to those admitted incoming full-time undergraduate students who have completed (by the aforementioned recommended deadline) both a 2015-2016 FAFSA and a 2015-2016 CSS Profile application. We expect to continue to send notifications throughout the month of March as we progress through our review of financial aid applications. In early April 2015 we are scheduled to send award notifications to those admitted incoming full-time undergraduate students who only completed the 2015-2016 FAFSA.
Finally, please note that for all Tulane need-based scholarship recipients, we will ultimately require signed copies of 2014 federal income tax returns (and accompanying schedules and W-2s) be provided to Tulane in order to validate all reported income data. Please note that some students will be selected by the U.S Department of Education for verification of specific data reported on the FAFSA. If selected, you will need to provide Tulane with the specific documentation being requested. Often, this involves the submission of IRS 2014 tax return transcripts (this is a print-out from the IRS) in order to verify income data and a specific verification worksheet. Please understand that the U.S. Department of Education will NOTallow Tulane to use copies of signed tax returns that have been submitted as verification documentation of income. We regret that there will be situations whereby students awarded Tulane need-based scholarship funding AND selected for federal verification will need to provide Tulane with BOTH:
1) signed copies of tax returns for Tulane to validate income AND;
2) IRS tax return transcripts to verify income for federal student aid purposes.
We apologize for any inconvenience.Tulane will often make initial award offers without receipt of any tax information documentation; however, all Tulane and/or federal need-based awards are contingent on our final review of the aforementioned tax returns and IRS tax transcripts.
Financial Aid News: Applying for 2015-2016 Financial Aid as a New Tulane Full-Time Undergraduate
Thank you for your interest in Tulane! We will start reviewing financial aid applications in late February 2015 (which is after our suggested deadline of February 15, 2015 for filing financial aid applications). Award notifications should start being sent approximately mid-March.
Please be aware that all merit scholarships are offered through the admission application. In order to be considered for additional assistance, we require the financial aid applications below:
Be sure to check out our Net Price Calculator if you would like to estimate what aid may be available if you are offered admission and complete the financial aid application process!
Let us know if you have any further questions.
Financial Aid News: Federal Direct Student Loan Fee Rate Changes effective 10/1/14
Due to ongoing sequestration efforts, the U.S. Department of Education changed the loan fee associated with Federal Direct Loans having a first disbursement on or after October 1, 2014. This change DOES NOT impact the second scheduled disbursements of any loan where the first disbursement occurred prior to the aforementioned 10/1/14 date. The fee changes are as follows: Federal Direct Stafford (Subsidized and Unsubsidized) Loans – old fee rate was 1.072%, the new fee rate is 1.073%; Federal Direct Graduate PLUS or Parent PLUS Loans – old fee rate was 4.288%, the new fee rate is 4.292%. Please understand that this is NOT a change in the loan interest rates, but rather the fee rates.
New Financial Aid Counselor Assignments
Please join us in welcoming our new full-time division financial aid counselors: Claudine Sikorski and Marissa Lespinasse! These two professionals have been in training for the past 10 months at Tulane and are now being assigned specific full-time student populations to assist in the processing and counseling of student financial aid. To identify you specific dedicated financial aid counselor as of October 1, please refer to our website: http://tulane.edu/financialaid/contact/counselors.cfm
Alternative Financing Options
Alternative financing options to assist undergraduate students and their parents with educational expenses not covered by other forms of financial aid are described here. These options include monthly payment plans through Tuition Management Systems (TMS), Federal PLUS Loans and Private/Alternative Education Loans.
To view archived news items (for billing items, see below) from Tulane University Financial Aid, click here.
Billing News Archive
To view archived billing news items (for other archived news item topics, see above) from Tulane University Financial Aid, click here.
Page last modified on January 13, 2015
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