by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Interested in understanding the financial aid resources available at Tulane and your eligibility? Find the answers you seek below.
$28,202.00 is the typical Tulane University of Louisiana’s first year financial aid package. 80% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Tulane University of Louisiana.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
73% of new students (1334 total) were given scholarships at Tulane University of Louisiana, averaging $28,504.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 53% of freshman students (973 total) obtained federal grant aid, averaging $1,660.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 2.53% | $63,172.00 |
| Income 30k-48k | 2.58% | $62,248.00 |
| Income 48k-75k | 3.73% | $50,306.00 |
| Income 75k-110k | 4.17% | $38,729.00 |
| Income 110k + | 18.95% | $25,159.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
1438 Tulane undergrads obtain grant aid (this is about 80% of the entire undergraduate student population). The average amount these students receive is $28,202.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.