Types of Financial Aid That Are Available
TULANE SCHOOL OF PUBLIC HEALTH & TROPICAL MEDICINE RPCV and MI GRANTS
The Tulane School of Public Health & Tropical Medicine Master's has limited grant funds available for students. There are two grants available, the Return Peace Corps Volunteer (RPCV) and the Master's International grants. The RPCV is for students who are returned Peace Corps volunteers. The other is for students in the Master's International (MI) program. Students in the MI program must be accepted by the Peace Corps before the award can be offered. The student does not need to apply for either of these grants as their application to the university is all that is required to be considered for either of this grants. The Admission Committee uses a ranking system based on multiple variables to determine the recipient of each grant. Grants are awarded to incoming students by the Admission Committee and is based on a ranking system. These grants are non-renewable scholarships usually awarded during a student's first year of attendance and typically for the amount of $5,000. Recipients must maintain a minimum enrollment requirement of 9 hours each semester of their first academic year. The Dean of Admissions and Student Affairs finalizes all Dean's Grant awards. For more information about the Dean's Grant Scholarship program, contact the Office of Admissions and Student Affairs.
Many foundations, organizations, and other entities offer financial support to students pursuing a degree in public health fields. We strongly urge students to take an aggressive approach in attempting to secure such support on their own. An excellent way to search for possible private scholarships and loans is on the Internet at the following URL address: http://www.finaid.org
Another website you could search for scholarships on is the Association of Schools of Public Health.
Potential private sector assistance may also be found by contacting your local chamber of commerce, hospitals, clinics, and health profession societies. You should attempt to identify any support that may be available to you by virtue of your ethnicity, race, gender, religion, and social organizations to which you or your family may belong.
The Air Force and Navy offer full scholarships, covering tuition and fees, and a stipend for books, supplies, and living expenses. In exchange for their financial assistance, you agree to serve the military’s public health needs for a period of time following your graduation. If you would like information about military scholarship programs we recommend that you contact your local recruiter or visit them on the internet.
FEDERAL WORK STUDY
Federal Work Study (FWS) funds are awarded to those demonstrating a financial need. Funds are limited thus students completing their financial aid applications early are given FWS preference. The typical academic year work study award is $3,000.
WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM (Stafford Loans)
The William D. Ford Federal Direct Loan Program (Direct Loans) will typically be a major source of financing for Tulane public health students. If eligible, students may borrow up to $33,000 per year of “unsubsidized” Direct Loan funds. “Unsubsidized” means that the student pays the interest on the loan while in school (or agrees to capitalize the interest and add it to the principal upon repayment). The interst rate is 6.80%.
FEDERAL PERKINS LOANS
Federal Perkins Loans are granted on a need basis by Tulane. While the annual maximum amount of Perkins Loan funds a public health student can receive is $8,000, our offers of Federal Perkins Loans normally do not exceed $1,500 in order to assist as many eligible students as possible.
FEDERAL DIRECT GRADUATE PLUS LOANS
This is a newer loan program that began in the 2006-2007 academic year. The Federal Direct Graduate PLUS Loan is available for graduate students and has a fixed interest rate of 7.90%. This loan requires that the borrower pass credit worthiness criteria and allow for students to borrow up to the cost of attendance less other aid received. Students should select EITHER a Federal Graduate PLUS Loan OR a private loan (below).
Apply for Graduate Plus Loan
Private loans are non-federal credit based loans that have variable interest rates, thus you need to check with your lender regarding the exact terms. This loan requires that the borrower pass credit worthiness criteria and allow for students to borrow up to the cost of attendance less other aid received. Students should select EITHER a Federal Graduate PLUS Loan OR a private loan.
Reference streamlined lenders' informational websites.
CREDITWORTHINESS TESTS FOR FEDERAL DIRECT GRADUATE PLUS LOANS AND PRIVATE LOAN PROGRAMS
Federal Direct Graduate PLUS and Private loan lenders perform a creditworthy evaluation on all applicants to either of these loan programs. Student borrowers (and/or their co-signers) must pass the lender’s creditworthiness standards prior to their approval of a Federal Direct Graduate PLUS Loan or private loan application. (NOTE: There is no creditworthiness evaluation requirement for the processing of William D. Ford Federal Direct loans and Federal Perkins loans).
Before applying for a Federal Direct Graduate PLUS or a private education loan or if you are ever denied credit, you should request a copy of your credit report from a local agency or from one of the national credit reporting agencies. Review the report carefully, paying particular attention to the number of accounts, total account balances, and the timeliness of payments. If you find any derogatory information that appears to be incorrect, you should contact the credit reporting agency. Unfortunately, errors can occur in your credit report. Common reasons for errors are: inconsistent reporting by creditors, wrong or misplaced dates, wrong amounts, double reporting, incorrect reporting due to common names, parents and students having the same address and name, and incomplete reporting of demographic information. Items that are reported in error can be corrected, but it can take several months to have the corrections made. In order to expedite delivery of a private loan for your medical education, you should correct any credit problems prior to starting the loan application process.
NOTE: If a loan is denied on the basis of a poor credit rating, whether or not the poor credit rating is in error, Tulane University’s School of Public Health & Tropical Medicine does not have funds to replace that loan.
Most credit reporting agencies will charge you a fee for your credit report. These fees can vary by your state of residence. Thus, you should call the credit reporting agency to verify the fee before you mail your request. Submit the fee by check or money order made payable to the company from which you are requesting the credit report. You are entitled to a free copy of your credit report if you have been denied credit within the past 60 days. Here is a listing of the three major national credit reporting agencies:
Health Sciences Financial Aid, Tulane University, New Orleans, LA 70112 504-988-6135 firstname.lastname@example.org