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ARCHIVED NEWS ITEMS FROM TULANE UNIVERSITY FINANCIAL AID

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POSTED 06/12/13
Financial Aid News: 2013-2014 Academic Year Aid Status

What All Continuing Full-Time Undergraduates Want to Know… When will I receive my 2013-2014 financial aid award notification?
The answer… It depends.

For those students who do not apply for Tulane and/or federal aid, yet solely receive a Tulane merit scholarship, those merit awards have been made for the 2013-2014 academic year and are viewable via the secure Tulane Gibson portal. The exception would be for those students who failed to meet the minimum academic requirements for merit scholarship retention.

For those students who are applying for Tulane need-based scholarship consideration, if you have completed the 2013-2014 FAFSA and the 2013-2014 CSS Profile aid applications; provided our office with signed copies of student and parents’ 2012 federal income tax returns (or completed a 2012 non-filer form if applicable) and provided copies 2012 W-2 forms; and submitted any other requested documents, then we anticipate that you will receive an award notification by the first week of July.

For those students who are only applying for federal student aid, if you have completed the 2013-2014 FAFSA and provided all other requested documentation; then we anticipate that you will receive an award notification by the second week of July.

Be sure to check your award status on-line using the Tulane Gibson portal to assure that all requested documents have been received by our office.

Attention All School of Continuing Studies (SCS) and Graduate/Professional Students

If you completed a 2013-2014 FAFSA and we are in receipt of all necessary documents, then we anticipate that you will receive your 2013-2014 award notification within the next 30 business days.

We encourage SCS and appropriate graduate students to complete their respective 2013-14 financial aid addendums (available under the “forms” section of our website), as our receipt of this completed addendum allows us to make a more accurate award to cover your anticipated costs and desired level of borrowing.

Attention All Incoming Full-Time Freshmen

Welcome to Tulane! This month Orientation is taking place on campus, and hopefully you are able to attend. We wish to remind you that in order to assure the timely disbursement of your fall semester aid, please be sure that you complete all of the applicable steps listed below:

1. Accept the aid you want to receive via Tulane’s secure Gibson portal. All Tulane merit and need-based scholarship must be accepted!
2. Tulane need-based scholarship recipients must provide our office with signed copies of the student’s and parents’ 2012 federal income tax returns (or completed 2012 non-filer forms if applicable) along with copies of all 2012 W-2 forms. Tulane need-based scholarship funds will NOT disburse until this documentation is received and reviewed.
3. New Federal Stafford Loan borrowers (of subsidized and/or unsubsidized Stafford loans) must complete a Federal Stafford Loan Master Promissory Note (MPN) at the U.S. Department of Education’s website. New Stafford borrowers must also complete the Stafford loan on-line “entrance counseling”. Failure to complete both of the requirements will result in Stafford loan disbursement delays.
4. Student awarded and accepting a Federal Perkins Loan must complete a Federal Perkins Loan Master Promissory Note (MPN). After accepting your Tulane Perkins Loan offer via Tulane’s Gibson portal, you will subsequently receive an e-mail from a company called ACS inviting you to visit their website to complete the Perkins MPN. This is a third-party vendor Tulane uses for Perkins processing. Failure to complete the Perkins Loan MPN will result in Perkins loan disbursement delays.
5. Student awarded and accepting a Federal Work Study (FWS) award will ultimately need to find a job on campus. FWS recipients are encouraged to visit the Tulane Student Employment Office website for a listing of available positions; as well as plan on attending the Job Fair held on campus at the start of the fall semester.

What’s Happening with Student Loan Interest Rates?

There has been much discussion in the media and in Washington, D.C. about pending changes to the interest rate on the Subsidized Stafford Loan for all undergraduate students (this loan is no longer available to graduate/professional students). For undergraduate Federal Subsidized Stafford Loan borrowers who borrowed a loan this past 2012-2013 academic year the interest rate on the loan was 3.4%. However, current federal law cites that effective for any Federal Subsidized Stafford Loan disbursed AFTER 7/1/13, that the interest rate will be 6.8%. This represents in essence a doubling of the subsidized Stafford loan interest rate for undergraduate students (from 3.4% to 6.8%).


Congress and the White House have each put forth plans to try to avoid this pending student loan interest rate hike, however to date; no final decisions have been reached. So stay tuned, and we will update our website as soon as we definitely know the prevailing interest rate for 2013-2014 subsidized Stafford loans.

 

 


POSTED 04/10/13
Special News Items: 2013-14 Academic Year and 2013 Summer Financial Aid Processing Updates


2013-14 ACADEMIC YEAR Financial Aid Processing Update

Incoming Full-time Freshmen Undergraduates

At this time the majority of financial aid award notifications have been e-mailed to incoming full-time undergraduate students who applied for aid and who have been offered admission. You may securely access the status of your 2013-2014 financial aid application via Tulane’s Gibson Online Portal.

Notes:

Acceptance of any financial aid offered is NOT in any way a binding commitment to attend Tulane. You are encouraged to accept aid at the point in time when you feel confident that you plan to matriculate at Tulane.

• Those who completed the 2013-2014 Free Application for Federal Student Aid (FAFSA) AND the 2013-2014 College Scholarship Services (CSS) Profile applications, were reviewed for both Tulane need-based scholarship funding and all federal student aid.

• Those who only completed the 2013-2014 CSS Profile application were tentatively reviewed for both Tulane need-based scholarship funding and all federal student aid. However, the 2013-2014 FAFSA application must also be completed in order to finalize the award (international students excepted).

• Those who only completed the 2013-2014 FAFSFA were reviewed for all federal student aid ONLY, as the CSS Profile application is required for us to consider eligibility for Tulane need-based scholarship funding.

• Those awarded need-based “Tulane Scholarship” (whether or not any Tulane merit scholarship was also awarded), must ultimately provide the Tulane Office of Financial Aid with signed copies of parents’ and student’s 2012 federal income tax returns (including all schedules and W-2 forms), or, if a federal income tax return is not required to be filed, a completed 2012 non-filer form (non-filer forms are available on the forms section of this website).

• Tulane ultimately requires verification of sibling enrollment (form available on the forms section of this website) for all students awarded need-based “Tulane Scholarship” who have also identified that a SIBLING will be enrolled in an undergraduate degree program during the 2013-2014 academic year.

Incoming Full-time Transfer Undergraduates
Financial aid applications from Incoming transfer students will be reviewed over the next several weeks in anticipation of award notifications being sent in early May.

Incoming Graduate Students and Incoming School of Continuing Studies (SCS) Students
At this time Tulane has started e-mailing financial aid award notifications to incoming graduate and SCS students who applied for aid and who have been offered admission. Remember, the 2013-2014 FAFSA is required to be completed in order for Tulane to determine your eligibility for all federal student aid.

Continuing Students
In May Tulane will start the review process of all aid applications for continuing students. Please be sure to check Gibson Online regarding any required documents and or applications being requested. Awards will not be finalized until all necessary materials are received.


2013 SUMMER Financial Aid Processing Update

Summer 2013/Fall 2014 for Continuing 2nd Year Social Work Students

At this time Tulane has started e-mailing financial aid award notifications to those students who will be starting their 2nd year of graduate study at the School of Social Work and who have completed the 2013-2014 FAFSA and submitted all requested documentation. First disbursements of aid will coincide with the first week of summer semester classes.


2013 Summer School Students
In general, registration for the upcoming 2013 summer school sessions will commence this month (April 2013). Students seeking consideration for federal student aid for summer school costs are required to have completed the following before packaging occurs:
1. 2012-2013 FAFSA;
2. 2013-2014 FAFSA;
3. Tulane 2013 Summer Addendum: complete the appropriate summer addendum (undergraduate, undergraduate abroad, or graduate), available at the forms section of this website; and
4. 2013 Summer School registration

Tulane will start packaging summer financial aid on May 1st (after having reviewed completed summer addendums). You may securely access the status of your 2013 summer financial aid application via Tulane’s Gibson Online Portal.


POSTED 03/01/13
Special News Item: 2013-2014 Financial Aid Processing Update

We wish to welcome all who are applying to Tulane for the upcoming 2013-2014 academic year. If you wish to review the necessary steps for applying for financial aid for the 2013-2014 year, please click here (http://tulane.edu/financialaid/steps/index.cfm).

For incoming full-time undergraduate applicants, our recommended deadline of February 15th for completing your financial aid applications (specifically, both the 2013-2014 Free Application for Federal Student Aid and 2013-2014 CSS Profile form) has passed; however, we will continue to accept late applications and awards will be made on a funds-available basis.

At this time, Tulane's financial aid counselors are reviewing the multitude of applications received to date for those incoming freshmen students who have been offered admission. We are scheduled to start reviewing completed aid applications in early March for incoming applicants admitted to other divisions of the University.

Early in March 2013 we expect to be sending 2013-2014 award notifications to those admitted incoming full-time undergraduate students who have completed (by the recommended deadline) both a Free Application for Federal Student Aid (FAFSA) and a 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.

At this time, you may securely access the status of your 2013-2014 financial aid application via Tulane's Gibson Online Portal. If you do not know your logon credentials, be sure to click on the "Forgot your username or password?" link, and Tulane will e-mail (to your e-mail address of record) your necessary log-in credentials.

Finally, please note that for all Tulane need-based scholarship recipients, we will ultimately require signed copies of 2012 federal income tax returns (and accompanying schedules and W-2s) be provided to our office 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 2012 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 NOT allow Tulane to use copies of signed tax returns that have been submitted as verification documentation of income.

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.

We regret that there will indeed 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.


POSTED 01/16/13
Special News Items: Important 2013-14 Financial Aid Information!

We welcome all students who plan to apply for financial aid during the upcoming 2013-2014 academic year at Tulane University. At this time, Tulane is starting to electronically receive 2013-2014 aid application materials. This includes our electronic receipt of 2013-2014 Free Application for Federal Student Aid (FAFSA) data and 2013-2014 College Scholarship Service (CSS) PROFILE application data (from those full-time undergraduates seeking Tulane need-based scholarship consideration.

Tulane's secure on-line Gibson portal is scheduled to operational on March 1, 2013 for students to check the status of their financial aid application materials. During early March 2013 we anticipate that initial award notification e-mails will start being sent to incoming student populations.

See Steps for further information on how to apply for financial aid.


 


POSTED 03/01/13
Special News Item: 2013-2014 Financial Aid Processing Update

We wish to welcome all who are applying to Tulane for the upcoming 2013-2014 academic year. If you wish to review the necessary steps for applying for financial aid for the 2013-2014 year, please click here (http://tulane.edu/financialaid/steps/index.cfm).

For incoming full-time undergraduate applicants, our recommended deadline of February 15th for completing your financial aid applications (specifically, both the 2013-2014 Free Application for Federal Student Aid and 2013-2014 CSS Profile form) has passed; however, we will continue to accept late applications and awards will be made on a funds-available basis.

At this time, Tulane's financial aid counselors are reviewing the multitude of applications received to date for those incoming freshmen students who have been offered admission. We are scheduled to start reviewing completed aid applications in early March for incoming applicants admitted to other divisions of the University.

Early in March 2013 we expect to be sending 2013-2014 award notifications to those admitted incoming full-time undergraduate students who have completed (by the recommended deadline) both a Free Application for Federal Student Aid (FAFSA) and a 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.

At this time, you may securely access the status of your 2013-2014 financial aid application via Tulane's Gibson Online Portal. If you do not know your logon credentials, be sure to click on the "Forgot your username or password?" link, and Tulane will e-mail (to your e-mail address of record) your necessary log-in credentials.

Finally, please note that for all Tulane need-based scholarship recipients, we will ultimately require signed copies of 2012 federal income tax returns (and accompanying schedules and W-2s) be provided to our office 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 2012 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 NOT allow Tulane to use copies of signed tax returns that have been submitted as verification documentation of income.

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.

We regret that there will indeed 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.


POSTED 01/16/13
Special News Items: Important 2013-14 Financial Aid Information!

We welcome all students who plan to apply for financial aid during the upcoming 2013-2014 academic year at Tulane University. At this time, Tulane is starting to electronically receive 2013-2014 aid application materials. This includes our electronic receipt of 2013-2014 Free Application for Federal Student Aid (FAFSA) data and 2013-2014 College Scholarship Service (CSS) PROFILE application data (from those full-time undergraduates seeking Tulane need-based scholarship consideration.

Tulane's secure on-line Gibson portal is scheduled to operational on March 1, 2013 for students to check the status of their financial aid application materials. During early March 2013 we anticipate that initial award notification e-mails will start being sent to incoming student populations.

See Steps for further information on how to apply for financial aid.


POSTED 10/30/12
Special News Items: Be Ready for 2013 Spring Pre-registration!
Sibling Enrollment Verification Deadline is 11/30/12!

Be Ready for 2013 Spring Pre-registration!

During November, Tulane students planning to enroll for the upcoming 2013 spring semester will have an opportunity to pre-register for their classes. The university's Accounts Receivable Office places "registration holds" on the accounts of those students with past due financial obligations owed to the university (defined as balances that were due by 10/31/12 and remain unpaid). Such holds prevent a student from participating in the pre-registration process. If the disbursement of pending financial aid will resolve an existing balance, settling a student's account and allow for the removal of a "registration hold", then we want to be sure that students have successfully completed all necessary steps for the prompt disbursement of pending aid.

Students are encouraged to check the status of any pending 2012 fall aid disbursements by securely logging into Gibson to view their financial aid records. If students have any questions about pending aid, they are encouraged to contact the Financial Aid Office.

Sibling Enrollment Verification Deadline is 11/30/12!

Over 400 full-time undergraduate students were recently notified of the need to have sibling enrollment verification forms completed and submitted to the Financial Aid Office by Friday, November 30, 2012. Note: Tulane students can view the "outstanding financial aid requirements" via Gibson to determine if the sibling enrollment verification requirement is being requested. This requirement is only for those students receiving Tulane need-based scholarship funding for the 2012-2013 academic year and who reported on their financial aid application materials that one or more siblings are also attending college at the undergraduate level during the current academic year. Since the number of siblings in college can significantly impact our determination of a student's financial need, Tulane's long-standing policy is to require verification of sibling enrollment during the fall semester of the academic year.

Tulane students should be sure that each of their siblings enrolled at the undergraduate level completes our form (found on our Financial Aid Forms page as the 2012-2013 Sibling Enrollment Verification Form). Please note that this requires having a representative at the financial aid office of their respective school sign and submit the form back to our office. Completed forms can be faxed directly to the Tulane Financial Aid Office (fax #: 504.862.8750).

In cases where a sibling is not enrolled, or we fail to receive the requested verification, then Tulane will make necessary adjustments and recalculate a student's financial need. Such calculations often result in a reduction of Tulane need-based scholarship and possibly a reduction in federal need-based aid. Students are encouraged to contact the Financial Aid Office with any questions concerning the sibling verification process. Remember, the deadline is 11/30/12!


Posted 07/23/12
ALERT for New Federal Direct Loan Borrowers!

First time Federal Direct Stafford Loan borrowers (and first-time Federal Direct Graduate PLUS Loan borrowers) are required to complete "loan entrance counseling" at the U.S. Department of Education's website (www.studentloans.gov). BEWARE: The required Entrance Counseling is the 2nd link listed under the SIGN-IN box (and NOT the Financial Aid Awareness Counseling described below).


Posted 07/23/12
New Financial Aid Tool to Help You Manage Your Federal Educational Loan Debt

As a Tulane student it is vital to your advancement into your chosen profession that you are mindful of your finances and practice good budgeting to improve your financial outcomes and maintain good credit health. The Department of Education has just launched a new tool to help you manage your federal student loan debt on the www.studentloans.gov website. Financial Awareness Counseling is located in the "Tools and Resources" section on the home page. It is very user friendly and will assist you in making good choices about incurring future loan debt and about managing your student loan debt in repayment. In addition it will teach you useful skills in budgeting and managing your finances. (Please note this is NOT the "loan entrance counseling" required for first-time borrowers.)

You can find this tool at: https://studentloans.gov/myDirectLoan/financialAwarenessCounselingLanding.action

If you have questions about this tool or would like to receive more information about budgeting or building a good plan for borrowing, spending and repaying loans please contact your financial aid counselor. Counselors can be reached through the following e-mail address: finaid@tulane.edu. If you are a law school student please contact your counselor at: finaid@law.tulane.edu. If you are a public health or medical school student please visit this website: http://tulane.edu/financialaid/hsc/contact.cfm to identify your counselor's e-mail address.


Posted 07/09/12
Stafford Student Loan Interest Rates for Loans Disbursed July 1, 2012 - June 30, 2013

The interest rate for Federal Direct Stafford Loans disbursed on or after July 1, 2012 and before July 1, 2013 will be 6.8%, EXCEPT Federal Direct Subsidized Stafford Loans for undergraduate students, the interest of which will be 3.4%, as per legislation signed into law at the end of June 2012.



Posted 03/20/12
Student Loan Terms Changing for 2012-2013


Acts of Congress have changed terms for student loans in four major ways beginning in 2012-2013.
1. Graduate level students will no longer be eligible for Federal Subsidized Stafford Loans for periods of enrollment beginning on or after July 1, 2012.
(Budget Control Act)
2. Federal Stafford and PLUS Loan fees remain 1% and 4%, respectively, but rebates will no longer be available for loans first disbursed on or after July 1, 2012. (Budget Control Act)
3. The interest rate for all Federal Stafford Loans is set to 6.8% effective for loans disbursed on or after July 1, 2012: undergraduate subsidized loans will no longer be set at the lower rates. (College Cost Reduction and Access Act)
4. Federal Subsidized Stafford Loans will no longer be subsidized during the grace period, which is the six months following graduation or otherwise stopping at least half-time enrollment, for loans disbursed on or after July 1, 2012. (Consolidated Appropriations Act, 2012)

Loan and Grant Term Changes
To view news items for loan and grant term changes from Tulane University Financial Aid, click here
.




Posted 05/21/12
Notice Regarding 2012 Spring & Summer Aid for All Continuing Students

At this time, the Tulane University Financial Aid Office is finishing awards for incoming students and 2012 summer semester aid applicants. In June we will start the review and award process for returning student populations. We expect that award notifications for full-time continuing undergraduates will commence by the end of June and be completed by mid-July.


Posted 04/13/12
Notice April 13, 2012 Regarding 2012-2013 Financial Aid Processing

We wish to welcome all who are applying to Tulane for the upcoming 2012-2013 academic year.

Incoming Full-Time Undergraduates: For incoming full-time undergraduate applicants, our recommended deadline of February 15th for completing your financial aid applications (specifically, both the Free Application for Federal Student Aid and CSS Profile form) has passed; however, we will continue to accept late applications, and awards will be made on a funds-available basis.

To date we have reviewed and awarded incoming full-time freshmen who have been offered admission and who completed: 1) both the 2012-2013 FAFSA and the 2012-2013 CSS Profile applications; 2) only the 2012-2013 CSS Profile (note: ultimately the 2012-2013 FAFSA must be completed); and 3) only the 2012-2013 FAFSA (other than previously awarded Tulane merit scholarship, these awards solely represent a student's eligibility for federal student aid).

All Other Incoming Students: At this time 2012-2013 financial aid applications for all other incoming student populations has commenced and 2012-2013 award notifications have started and will continue throughout the remainder of April.

Reminder for All: You may securely access the status of your 2012-2013 financial aid application via Tulane's Gibson Online Portal. If you do not know your logon credentials, be sure to click on the "Forgot your username or password?" link, and Tulane will e-mail (to your e-mail address of record) your necessary log-in credentials. Note: The sign-on process and credentials for Gibson is separate from the undergraduate admission office's on-line log-in process.

Two important items:

1.) To accurately and efficiently receive your financial aid application data (such as your 2012-2013 FAFSA data), Tulane needs to be in receipt of your Social Security Number (SSN). When you log onto Gibson, you will be immediately prompted to safely and securely report to us this critical piece of information if Tulane's records reflect that this information is not currently known. If prompted, we encourage you to accurately respond to this query in order to avoid any possible delays in our receipt and identification of your aid application data.

2.) As you navigate through Gibson, you are able to review "outstanding requirements" which we are requesting. If you've received notification of an award, then any remaining requirements are not immediately but will ultimately be required for review by our staff before we can authorize the disbursement of aid later when the enrollment period begins. Please note that for all Tulane need-based scholarship recipients, we will ultimately request IRS 2011 tax return transcripts (this is a print-out from the IRS) be provided to our office in order to verify all reported income data. Students and families are welcome to provide us with copies of their actual 2011 federal tax returns, and we will review this data in determining aid eligibility, however, we will ultimately need copies of actual IRS tax return transcripts to complete the financial aid process and confirm all need-based scholarship awards. Tulane will often make initial award offers without receipt of any tax information documentation, but all awards are contingent on our final review of the aforementioned IRS tax return transcripts.




03/20/12
Notice March 20, 2012 Regarding 2012-2013 Financial Aid Processing

We wish to welcome all who are applying to Tulane for the upcoming 2012-2013 academic year.

For incoming full-time undergraduate applicants, our recommended deadline of February 15th for completing your financial aid applications (specifically, both the Free Application for Federal Student Aid and CSS Profile form) has passed; however, we will continue to accept late applications, and awards will be made on a funds-available basis.

At this time, approximately 2,000 financial aid awards have been completed for incoming full-time freshmen and Tulane's financial aid counselors continue to review the aid applications received to date for those incoming freshmen students who have been offered admission. To date, reviews have only been completed for those incoming freshmen who completed both the 2012-2013 FAFSA and the 2012-2013 CSS Profile applications. We will soon begin reviewing the aid applications for those incoming full-time freshmen for whom we have only received their 2012-2013 CSS Profile. Using only the CSS Profile data, our awards will include estimated federal aid amounts, and final decisions on federal aid eligibility will ultimately require Tulane's receipt of data from the student's completed 2012-2013 FAFSA. In early April we plan to commence awards for those incoming freshmen for whom we have only received their 2012-2013 FAFSA application, and our awards will only reflect eligibility for federal student aid (other than any institutional merit award).

At this time, you may securely access the status of your 2012-2013 financial aid application via Tulane's Gibson Online Portal. If you do not know your logon credentials, be sure to click on the "Forgot your username or password?" link, and Tulane will e-mail (to your e-mail address of record) your necessary log-in credentials. Note: The sign-on process and credentials for Gibson is separate from the undergraduate admission office's on-line log-in process.

Two important items:

To accurately and efficiently receive your financial aid application data (such as your 2012-2013 FAFSA data), Tulane needs to be in receipt of your Social Security Number (SSN). When you log onto Gibson, you will be immediately prompted to safely and securely report to us this critical piece of information if Tulane's records reflect that this information is not currently known. If prompted, we encourage you to accurately respond to this query in order to avoid any possible delays in our receipt and identification of your aid application data.

As you navigate through Gibson, you are able to review "outstanding requirements" which we are requesting. If you've received notification of an award, then any remaining requirements are not immediately but will ultimately be required for review by our staff before we can authorize the disbursement of aid later when the enrollment period begins. Please note that for all Tulane need-based scholarship recipients, we will ultimately request IRS 2011 tax return transcripts (this is a print-out from the IRS) be provided to our office in order to verify all reported income data. Students and families are welcome to provide us with copies of their actual 2011 federal tax returns, and we will review this data in determining aid eligibility, however, we will ultimately need copies of actual IRS tax return transcripts to complete the financial aid process and confirm all need-based scholarship awards. Tulane will often make initial award offers without receipt of any tax information documentation, but all awards are contingent on our final review of the aforementioned IRS tax return transcripts.

Finally, we are about to start reviewing aid applications and sending 2012-2013 award notifications to those students admitted to a Tulane division (other than full-time undergraduate students) who have completed the 2012-2013 FAFSA.


Posted 03/20/12
Student Loan Terms Changing for 2012-2013

Acts of Congress have changed terms for student loans in four major ways beginning in 2012-2013.
1. Graduate level students will no longer be eligible for Federal Subsidized Stafford Loans for periods of enrollment beginning on or after July 1, 2012.
(Budget Control Act)
2. Federal Stafford and PLUS Loan fees remain 1% and 4%, respectively, but rebates will no longer be available for loans first disbursed on or after July 1, 2012. (Budget Control Act)
3. The interest rate for all Federal Stafford Loans is set to 6.8% effective for loans disbursed on or after July 1, 2012: undergraduate subsidized loans will no longer be set at the lower rates. (College Cost Reduction and Access Act)
4. Federal Subsidized Stafford Loans will no longer be subsidized during the grace period, which is the six months following graduation or otherwise stopping at least half-time enrollment, for loans disbursed on or after July 1, 2012. (Consolidated Appropriations Act, 2012)


Loan and Grant Term Changes
To view news items for loan and grant term changes from Tulane University Financial Aid, click here
.


Posted 02/28/12
Notice February 28, 2012 Regarding
2012-2013 Financial Aid Processing

We wish to welcome all who are applying to Tulane for the upcoming 2012-2013 academic year.

For incoming full-time undergraduate applicants, our recommended deadline of February 15th for completing your financial aid applications (specifically, both the Free Application for Federal Student Aid and CSS Profile form) has passed; however we will continue to accept late applications, and awards will be made on a funds-available basis.

At this time, Tulane's financial aid counselors are reviewing the multitude of applications received to date for those incoming freshmen students who have been offered admission. We are scheduled to start reviewing completed aid applications in early March for incoming applicants admitted to other divisions of the University.

Early in March 2012 we expect to be sending 2012-2013 award notifications to those admitted incoming full-time undergraduate students who have completed by the recommended deadline both a Free Application for Federal Student Aid(FAFSA)and a 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.

At this time, you may securely access the status of your 2012-2013 financial aid application via Tulane's Gibson Online Portal. If you do not know your logon credentials, be sure to click on the "Forgot your username or password?" link, and Tulane will e-mail (to your e-mail address of record)your necessary log-in credentials.

Finally, please note that for all Tulane need-based scholarship recipients, we will ultimately request for IRS 2011 tax return transcripts (this is a print-out from the IRS) be provided to our office in order to verify all reported income data. Students and families are welcome to provide us with copies of their actual 2011 federal tax returns, and we will review this data in determining aid eligibility; however, we will ultimately need copies of actual IRS tax return transcripts to complete the financial aid process and confirm all need-based scholarship awards. Tulane will often make initial award offers without receipt of any tax information documentation; however, all awards are contingent on our final review of the aforementioned IRS tax return transcripts.


Posted 02/01/12
Notice Regarding 2011-2012 Financial Aid Processing: 02/01/12
For incoming and continuing student applicants, please note we have completed processing the majority of all aid applications received for 2011-12, and students should have received award notification e-mails inviting students to view their awards on-line. Our counselors will continue to review and process the remaining aid applications we prior to April 15, 2012. If students have yet to apply, we encourage all late aid applicants to still apply, and awards will be made on a funds-available basis (please note that as of 02/01/12, Federal Work-Study, Federal Perkins Loan and Tulane Need-Based Scholarship for 2011-12 has been depleted). However, in any event, please note the deadline to complete a file for financial aid processing is four weeks before the final day of the semester for which aid is sought (4/15/12).

Reminder: All aid applicants must complete the 2011-2012 Free Application for Federal Student Aid, and all full-time undergraduates seeking Tulane need-based scholarship must also complete the 2011-2012 CSS Profile form, however since Tulane Need-Based Scholarship funding is no longer available (as of 2/1/12) at this time students need not complete the CSS Profile for 2011-2012.


Posted 11/04/11
New Student Loan Repayment Options

On October 25, 2011, the President announced two new initiatives aimed at lowering monthly student loan payments for borrowers struggling to repay their loans: an enhancement to the "Income-Based Repayment" (IBR) plan to benefit certain borrowers, and a new special consolidation loan program to benefit certain borrowers who may be struggling to pay multiple lenders. While final details are still being negotiated, Tulane borrowers are encouraged to view this link for current information: http://www.whitehouse.gov/the-press-office/2011/10/25/fact-sheet-help-americans-manage-student-loan-debt.


Posted 11/04/11
Recent Financial Aid News Items
Student financial aid has been in the news recently. Click here for a synopsis of six aid news items.



To return to current news items, click here.

Page last modified on June 12, 2013.

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