just got accepted w/ scholarship. financial aid question. please help!

<p>i just got accepted with a $20k yearly scholarship. my parents have told me it has to be about as much as unc-chapel hill in order for me to attend tulane (which is $15k). do you think they would give me need based aid even though i received this merit scholarship. does tulane tend to do that?
thanks!</p>

<p>what were your stats (acts, gpa, rank) if you dont mind me asking?</p>

<p>I applied EA with the personal application (no essay or anything) and I havent heard from them yet</p>

<p>my stats:
Public nationally acclaimed competitive high school</p>

<p>Asian female</p>

<p>3.42 gpa uw
4.25 gpa w
top 25%</p>

<p>2140 SAT score
700 math II
730 literature</p>

<p>will have taken 7 APs
three "4"s and one "5" on AP exams taken</p>

<p>good ECs, editor of literary magazine, big on arts, leader of amnesty international</p>

<p>great essays</p>

<p>good (not great) rec letters. </p>

<p>i found out online in 12 days, and my letter came three days after that.</p>

<p>you didnt apply with the personal essay? </p>

<p>thats awesome btw, what do you plan on majoring in? i read on their website that as long as you get a 28 on the ACT if you are a louisiana native you are almost assuredly in and I got a 31 so im pretty sure im in</p>

<p>im excited to go there now</p>

<p>If you qualify for need based aid tulane will give it in addition to the merit scholarship. They meet something like 95% of need. In addition to the FASFA they also use the profile and take into account the value of your home.</p>

<p>yeah i dont know exactly </p>

<p>congrats on getting in :)</p>

<p>So, do they ignore the merit scholarships when they are considering you for need-based aid? Or do you have to qualify for more than your scholarship's worth of aid to get any extra? </p>

<p>For example, (and because I'm not sure I worded that well) if I qualified for, say, 15k, and I already have a 24k Presidential Scholarship, would I get the 15k and the 24k, or just the 24k?</p>

<p>The point of need-based aid is to give you what you need. No school would give you need-based aid if they've already given you everything you need.</p>

<p>That's what I thought, it was just wishful thinking on my part...</p>

<p>But if the scholarship doesn't cover what you need to be covered, wouldn't you still qualify for need-based?
I just got accepted (I got my letter today) and I got a 17k/yr scholarship, but that won't be able to cover what is leftover after EFC. Won't I still be able to get need-based?</p>

<p>In that case, you'd be fine.</p>

<p>My scholarship is probably the same or more than I would have received in need-based aid, but if yours is less than what you would receive without the scholarship, you'll get everything minus the EFC. (Or 97% on average, or whatever.)</p>

<p>i just emailed my question to them. apparently, need-based aid is not tied to merit based aid in any way. so even if you got merit aid, you will be given whatever your need is irregardless of that.</p>