<p>As a quick update, my daughter received her “official” letter a couple days ago. She was offered the Presidential Scholarship of $27k as well as an Honors invitation. She is very excited and my husband is thrilled!</p>
<p>Allisonnnnnnn!!! Fantastic. Never a doubt, though. Congrats.</p>
<p>Allisonten–“a few days ago”??? What were you thinking in not notifying this forum immediately? Jeeeeezzzzzz ;)</p>
<p>If you were to receive the Presidential Scholarship do you also get need based aid?</p>
<p>I believe you can still get need-based aid if you qualify.</p>
<p>hoopjack - If you qualify, then yes, of course. Just remember that for Tulane and Tulane only, the $27K is considered an asset and so counts towards your EFC (Expected Financial Contribution). That’s because essentially these are “TulaneBucks” that can be spent only on Tulane tuition.</p>
<p>So let’s do a couple of examples, varying only the EFC. Say the TCA (Total Cost of Attendance) is $60,000. That’s tuition, room, meals, books and travel. Now let’s say it is determined that your family has an EFC without the scholarship of $20,000. You would have been eligible for $40,000 in need-based aid, but since you have a $27,000 scholarship your EFC is actually $47,000, so you are eligible for $13,000 in aid. That aid might be in grants (which also do not need to be repaid but unlike the scholarship can vary form year to year), loans, or work-study, and quite possibly a combination of the three.</p>
<p>Now let’s say instead that your EFC came out to $39,000 without the scholarship. You would have been eligible for $21,000 in financial aid, but with the scholarship your EFC is $66,000 which is more than the TCA. So instead of paying $39,000 your family “only” pays the $33,000 remaining after the scholarship.</p>
<p>Don’t forget that if you are a NMF (National Merit Finalist) you get $2,000 a year. I believe, but I am not positive, that also counts towards your EFC. I would think it does. So in the first example your EFC with scholarship and NMF money would be $49,000 leaving $11,000 in aid. In the second example your EFC would still be over the TCA, so the better way to look at it is that you have $29,000 in non-personal assets towards tuition, leaving $31,000 for your family to pay.</p>
<p>Hope that makes it clear.</p>
<p>i got $20,000 a year with a 3.67 unweighted gpa</p>
<p>loveme - what were your standardized test scores and how many AP courses did you take and are currently taking?</p>
<p>My weighted was 4.19, I got 2150 on the SATs, I currently take 3 APs and 2 honors, and I’m in the top 10% of my class so that might’ve made up for my lowish GPA. I also go to one of the top public high schools in the nation so maybe they knew it’s hard to get good grades here.</p>
<p>Hey there Alexmamriejp (and Tulane CCers), my D’s stats were very similar to yours. She also received the 20K AA award. We’re thrilled and I totally agree that award amounts/honors designations are likely not as formulaic as we may think (likewise admissions in general). Also from NJ. So Tulane may have diff thresholds for applicants from diff parts of the country for recruiting purposes. It’s all good though!</p>
<p>mofthree, I hope you weren’t hit too hard by Sandy where you are. My sister in Point Pleasant has been having an awful time of it!!</p>
<p>Will she attend?</p>