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Billing News Archived from Tulane University Financial Aid

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POSTED 10/01/12
MESSAGE #1:     STUDENTS MUST AUTHORIZE DISCLOSURE OF FINANCIAL AID INFORMATION   

Tulane students wishing to allow for Tulane financial aid staff to discuss and/or disclose any of their confidential financial aid information must provide written authorization by completing the "Release of Confidential Financial Aid Information" form available on Tulane Office of Financial Aid website

This form is required if a student would like to authorize the Tulane University Financial Aid Office to release their confidential financial aid information otherwise protected by the Family Educational Rights and Privacy Act (FERPA) to individuals of choice, including parents, with a few exceptions:

EXCEPTIONS:  Completion of the aforementioned release is not required for:
1.  Disclosure to a student's parents if Tulane has received a current (or prior year) Free Application for Federal Student Aid (FAFSA) that identifies the student as a dependent.
2.  Disclosure to a student's parents if Tulane has received a parent's current (or prior year) federal tax return data identifying the student as a dependent of a parent(s).
3.  Disclosure to those named on a completed "Authorization to Release Educational Records" at Tulane University.
4.  Other cases allowed by regulation.  See http://www2.ed.gov/policy/gen/guid/fpco/ferpa/students.html.

MESSAGE #2:     TULANE SCHOLARSHIP (Need-Based) RECIPIENTS WITH SIBLINGS IN COLLEGE  

All full-time Tulane undergraduate students awarded Tulane Scholarship on the basis of financial need (this is NOT applicable to Tulane merit scholarships) who reported having a sibling concurrently enrolled in college during the 2012-2013 academic year are required to complete Tulane's "2012-2013 Sibling Enrollment Verification" form by Friday, 11/15/12.  The form is available on the Tulane Office of Financial Aid website at:  http://tulane.edu/financialaid/my-aid/upload/2012-2013-Sibling-Enrollment-Verification.pdf

Students having more than one sibling attending college will need to be sure that each sibling completes the aforementioned verification form.  If the Tulane Office of Financial Aid DOES NOT receive the confirmation of all sibling's enrollment status by 11/15/12, or if a sibling's enrollment status has changed, then financial aid awards will be adjusted to reflect fewer family members attending college.  In almost all cases this results in a reduction (or elimination) of Tulane need-based scholarship.



POSTED 07/30/12
To ensure the timely crediting and disbursement of financial aid funds for the 2012 fall semester, we offer these reminders to all enrolled students who have been offered financial aid.  If you have already completed everything, then congratulations!

ALL STUDENTS: AID NEEDS TO BE ACCEPTED!  click here for directions

ALL STUDENTS: BILLING WORKSHEET click here

STUDENTS ACCEPTING LOANS click here for directions

PARENTS SEEKING LOANS click here for directions

STUDENTS ACCEPTING FEDERAL WORK STUDY click here for directions

STUDENTS Borrowing for Living Expenses (Students Expecting Refunds) click here for directions

LOUISIANA STUDENTS EXPECTING A "TOPS" AWARD click here for instructions


Posted 01/03/12
Special Jan. 2012 Message from the Tulane Financial Aid Office Regarding Aid for the 2012 Spring Semester
Aid that has been awarded AND accepted (via access to Tulane's Gibson portal) should appear on your most recent Tulane billing statement (sent by the Accounts Receivable Office on 12/30/11) as either a "payment" or as "expected financial aid."  However, Federal Work Study awards will NOT appear on your billing statement regardless if awarded and accepted, since these funds do not disburse to a student's billing account, but instead are paid biweekly based on a student's actual hours of work as documented on Tulane's payroll records.

If you are expecting aid that is not appearing on your billing statement, please check with the provider of those specific funds.  Often outside entities providing scholarships do not send actual disbursements of funds to Tulane until the commencement of the spring semester, and thus are not currently reflected on your billing statement.

SUGGESTED STEPS FOR ENSURING TIMELY DISBURSEMENTS OF 2012 SPRING SEMESTER AID:

1.       Using your Tulane e-mail log-in credentials, log-in to Tulane's Gibson portal and navigate to the Financial Aid tab to access the status of your 2011-2012 academic year financial aid application.  Check to see if there are any "outstanding requirements" needed for either the processing or disbursement of your fall aid.  Often incoming students who seek to borrow Federal student loans may need to complete necessary promissory notes and/or complete mandated loan entrance counseling sessions (all of which is available on-line).

2.       While logged into Gibson, you can check to see the aid that you've been awarded and you should be sure that all aid awarded that you wish to receive has been "accepted."  Prior to accepting aid, you must accept and acknowledge all of the "terms and conditions" associated with your financial aid award.  It is important to understand that aid not accepted will not disburse.  Acceptance of aid is required for disbursement of Tulane scholarships and to initiate Tulane's certification of loans and allowance of ultimate loan disbursements. 

3.       Note: Federal Work Study (FWS) funds never appear on a Tulane billing statement since these funds do not disburse to a student's billing account, but instead are paid biweekly based on a student's actual hours of work as documented on Tulane's payroll records.

4.       Reminder that for first time Federal student loan borrowers, you're required to complete all appropriate loan promissory notes and loan entrance counseling.  Links to these requirements are available elsewhere on our website.  An additional reminder: Federal Graduate PLUS loans and Federal Parent PLUS loans are credit-based loans requiring the U.S. Department of Education to perform a credit evaluation each time one applies for such a loan if a credit check had not already been performed within the previous 90 days.  Even if a graduate/professional student or a parent successfully received such a loan in a prior year, a new credit evaluation must again be performed for a new loan for the current academic year.  If credit issues arise, you are encouraged to secure a co-signer or endorser for your loan's approval.

5.       A group of students have been sent a notice that their spring 2012 Pell Grant and/or Perkins Loan has been temporarily suppressed until January 17, 2012 due to an unexpected technical problem.



POSTED 01/03/12:

Full-Time Undergraduate Students

IMPORTANT INFORMATION ABOUT FINANCIAL AID AND YOUR TULANE BILLING STATEMENT

Your Tulane Billing Statement identifies the prevailing university charges for the upcoming 2012 spring semester.  Tulane scholarship recipients should notice their specified scholarship(s) and respective amount(s) attributable for the semester.  Scholarship amounts have been deducted from total charges to arrive at the net amount due.  However, the amount due may not reflect possible other financial aid which may be scheduled to credit at the start of the 2012 spring semester (such as federal and state grants, federal and non-federal loans, and any outside scholarship and/or resource).  Therefore, we are providing the following information and worksheet to assist you in determining the actual net amount that might be owed after accounting for all accepted financial aid.

First, you are encouraged to access your financial aid information on-line via Tulane's secure Gibson portal: https://gibson.tulane.edu/tulane/jsp/login.html  You can check the status of your award to determine if all required documents have been received for processing, and also view any award offered.  It is important that all terms and conditions associated with your award be accepted in order for aid funds to properly credit to your Accounts Receivable account at the start of the semester.  Make note of the amounts to be disbursed for the 2012 spring semester (basically half of the annual award amount).

Second, use the worksheet below to determine aid disbursements and the impact on the net amount possibly due.

WORKSHEET

PART A:

$__________  Amount Due as per billing statement

PART B:

$__________  Spring portion of any Tulane scholarship (if applicable and NOT already on the statement)

$__________  Spring portion of any Federal Pell Grant (if applicable and NOT already on the statement)

$__________  Spring portion of any Federal SEOG Grant (if applicable and NOT already on the statement)

$__________  Spring portion of any state scholarship (if applicable and NOT already on the statement)

$__________  Spring portion of any outside scholarship (if applicable and NOT already on the statement)

$__________  Spring portion of Federal Perkins Loan (if applicable and NOT already on the statement)

$__________  The result of multiplying the spring portion of Federal Direct Subsidized Loan (if applicable and NOT already on the statement)  _______________  by .995

$__________  The result of multiplying the spring portion of Federal Direct Unsubsidized Loan (if applicable and NOT already on the statement)  _______________ by .995

$__________  The result of multiplying the spring portion of Federal PLUS Loan (if applicable and NOT already on the statement) _______________ by .975

$__________  Spring portion of non-federal private loan (if applicable and NOT already on the statement)

$__________  TOTAL AMOUNT OF PART B

PART C:

$__________  Net Amount Due = PART A minus total amount of PART B

NOTE:  Federal Work Study is NOT included in the above calculations since students are paid directly based on their actual hours worked, and payment is NOT credited to their Tulane Accounts Receivable account, but rather students receive payment as a direct deposit to their designated personal bank account.

 


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Page last modified on March 1, 2013.

Citation information:

Page accessed: Tuesday, September 30, 2014
Page URL: http://tulane.edu/financialaid/billing-news-archive.cfm

University Financial Aid, New Orleans, LA 70118 504-865-5723 finaid@tulane.edu