<p>My son was admitted early action with the Distinguished Scholars Award ($25K) and an invitation to Honors program. His brother is a Tulane alum, as well as a current 3Y Tulane Law School student, so we know the school well. </p>
<p>S2 has not accepted yet, mostly because while we have done the Net Price Calculator, and Tulane is doable for us next year while our daughter will be in her final year at Vandy, the NPC indicates a good deal of loans along with his scholarship and a grant, and I only imagine the loan component would increase in S2's sophomore year, when he will be the only family member attending college. We are just over the $75K AGI cutoff for no-loan after EFC, and I need to have an idea of numbers for his 3 years after freshman year before he makes a decision.</p>
<p>If S2 had his way, he would enroll at Tulane now; I would like him to apply to a couple other schools (one a reach, one a fit), whose NPC's indicate more substantial grant and scholarship amounts - including no-loan after EFC programs - than Tulane does at present. For example, my daughter got into Vandy (which was her reach school), and they have been extremely generous, to the tune of about $50k in grants each year. They are a no-loan after EFC school. </p>
<p>Has anyone had experience with Financial Aid in trying to gauge the difference in future years, when a 2nd child in college drops out of the picture? This is crucial to our decision; as much as my son loves Tulane and wants to be in the same city as his brother, the prospect of taking on tens of thousands more in debt - especially when he is interested in medical school after his bachelors - is daunting, and a major consideration for our family finances.</p>