FINANCIAL AID NEWS
Beginning in January 2014, the Department of Education made available the 2014/15 FAFSA and completion of the FAFSA is the beginning of the process.
Keep in mind that we cannot make an offer of aid until after the School of Public Health and Tropical Medicine has made an offer of admission to you AND you have input your Social Security Number into Tulane's Gibson Online system.
The Gibson Online portal is where you will need to provide Tulane with your Social Security Number. Once you are ACCEPTED by the Admission Department, you will be sent an e-mail giving you instructions on how to access Gibson Online, and thus, input your Social Security Number. Tulane University must have your Social Security Number in order to be able to download your Free Application of Federal Student Aid (FAFSA) from the Department of Education. Please do this step immediately.
If you would like to receive your Finanical Aid Notification prior to April 15, 2014, then you should complete your 2014-15 FAFSA and your 2014-15 School of Public Health and Tropical Medicine Financial Aid Addendum preferably before March 15, 2014 to allow us ample time to complete all awards.
Since Tulane has a rolling admission policy, we continue to process admitted student aid throughout the year, so applications received after March 15, 2014 will be processed.
You are encouraged to have your 2014-15 FAFSA and your 2014-15 School of Public Health and Tropical Medicine Financial Aid Addendum completed by MARCH 30, 2014. Students planning on attending the summer session especially need to have their FAFSA's completed in March in order for your summer aid to arrive on time.
Incoming students, you will be able to access Gibson Online by March 1, 2014.
Students may view their financial aid information online at Gibson Online.
For an example of site navigation, click here.
For directions on accepting an award, click here.
A Summer Financial Aid Workshop was held on Thursday March 20, 2014 at noon in room 1201. The purpose of this workshop was to explain the summer financial aid process, which is a bit different than the fall and spring semesters. Students wanting summer financial aid should complete a 2014 Summer Addendum. In order to receive your aid in a timely manner, we recommend that it be turned in by April 15, 2014. The Power Point used at this presentation is available for your reference.
On August 8, 2013, President Obama signed the Bipartisan Student Loan Certainty Act of 2013 into law. As a result, interest rates on Federal Student Loans will be adjusted each year.
2014 - 2015 ACADEMIC YEAR
Interest rates for federal educational loans first disbursed on or after 07/01/14 and before 07/01/2015 will have a fixed interest rate for the life of the loan. The rates are as follows:
Federal Unsubsidized Stafford for GRADUATE students: 6.21%
Federal Graduate PLUS loan: 7.21%
2013 - 2014 ACADEMIC YEAR
Interest rates for federal educational loans first disbursed on or after 07/01/13 and before 07/01/14 have a fixed interest rate for the life of the loan. The interest rates were as follows: :
Federal Unsubsidized Stafford for GRADUATE students: 5.41%
Federal Graduate PLUS: 6.41%
For additional details, please refer to http://ifap.ed.gov/eannouncements/080913DirectLoanInterestRate2013t2014Eff070113.html
In order for your loan funds to credit, you must have completed all the steps on the financial aid checklist, including but not limited to:
Accept your award on Gibson Online.
Complete your Entrance Counseling (Stafford AND Grad PLUS) at the Dept. of Education web site.
Complete your Master Promissory Notes (Stafford and Grad PLUS) at the Dept. of Education web site.
Direct Deposit is the fastest way to receive your financial aid living expense refund. In order to receive a Direct Deposit refund you will have to set it up in Accounts Receivable. They are currently developing a new system to handle this function and information will be shared with you when it is available.
After school starts, you will be notified when you have a credit balance in Accounts Receivable, then you need to go to Accounts Receivable's web site and request a refund on their system.
If you have any questions pertaining to billing and payments, please go to the Accounts Receivable web site as it is loaded with information, or you can phone them at 504-865-5368.
Per federal regulations, all first time William D. Ford Federal Direct Unsubsidized Loan borrowers and all first time Federal Direct Graduate PLUS loan borrowers must complete an Entrance Interview which acknowledges the borrower's rights and responsibilities under the Federal Direct Loan program. The entrance interview requirement must be completed on line at the Department of Education web site.
Additional information provided to the School of Public Health and Tropical Medicine's Class of 2015 in our Financial Aid Orientation Session is available in a powerpoint presentation.
Health Sciences Financial Aid, Tulane University, New Orleans, LA 70112 504-988-6135 firstname.lastname@example.org