<p>The annual cost at Tulane is about $55000(or more with transportation cost), with the merit scholarships of up to $25000 per year, which means there is still a considerable amount of $30000 for a student to pay. How generous is Tulane at minimize the difference by giving other type of financial aid? We are still waiting for the financial award letter.</p>
<p>There are so many factors involved here this is very difficult to answer. It depends on your EFC, your scholastic record, and several other factors. This will not only determine how much FA you get (I think Tulane averages meeting about 92% of need, or something like that), but how that mix is split between grants that don’t have to be paid back, loans, and work-study.</p>
<p>Not that it is a lot compared to the numbers you are citing, but don’t forget that if you are NMF you get another $2,000.</p>
<p>What is NMF?</p>
<p>National Merit Finalist</p>
<p>I want to point out that NMF only counts if you register Tulane as your first choice with the National Merit Scholarship Corporation (or foundation or whatever it’s technically called).</p>
<p>As far as generosity, I have pretty serious financial need, and the preliminary financial aid award I got from Tulane predicted that I would graduate college with about $96,000 in debt. But then after all the federal aid had been sorted out, Tulane gave me a need-based scholarship that will allow me to graduate with around $34,000 in debt, which I think is a manageable sum. I consider Tulane to be pretty generous with their funding.</p>