<p>I've sensed that Tulane's need-based financial aid timeline and requirements are pretty obscure - or not (maybe). Anyway if you admitted students have received financial aid notice, please share your news with us here if you like! Thanks very much!</p>
<p>Is it that nobody has received need-based notice? If so, when do you expect it to come?</p>
<p>Last year incoming freshman started getting their packages in Mid March. The year before (when my son was accepted) it was more like the end of March.</p>
<p>jjcddg - Thank you. The weird thing is that my Gibson account tells me to ‘check back at this site in January 2010 for information regarding your financial aid application.’ Now January’s nearly over.</p>
<p>They need your FAFSA and CSS profile for need based aid. According to last night’s chat, packages go out in mid April.</p>
<p>AVHS Dad - Thanks! I’m an international students, so I only needed to submit the CSS. I think your information should be very dependable! Another question is that I’ve been given a Presidential Scholar Award already. Does that affect my demonstrated financial need?</p>
<p>allan - Yes, the scholarship is considered an asset of yours now. As was discussed on another thread, if Tulane costs $50,000 and you have $25,000 from the scholarship, you now have to come up with $25,000. If your EFC is determined to be $15,000, for example, the school expects you to come up with that amount on your own and will work with you to have a package of loans and/or work-study to take care of the other $10,000. The $25,000 scholarship does NOT wipe out or count towards the $15,000 EFC.</p>
<p>I know that is confusing for some people, they think “Well, I got the scholarship so it is a financial contribution”. But EFC means Expected Financial Contribution by the family, and the scholarship is really a financial contribution by the university. Alternatively, if your EFC was $15,000 before the scholarship, it is $40,000 with it, since you now have $25,000 more in assets. It still leaves $15,000 out of your pocket and $10,000 to come from FA.</p>
<p>Dear chemist - Thank you so much. You’ve been very helpful on this forum. Thanks for your exhaustive explanation. I’m now very clear.</p>
<p>Yes, I am afraid I am true to my name and often go into exhausting detail to try and be sure I have covered everything. Sorry to be so pedantic.</p>
<p>Thorough, yes.
Pedantic, NO!</p>
<p>I totally agree with AVHS Dad.</p>
<p>Thus said Tulane admissions in their email to me:</p>
<p>We are in the process of loading all incoming freshmen financial aid applications into our system for review. We will not begin review of incoming freshmen applications until mid-February and anticipate that students will begin receiving financial aid award notifications mid-March.</p>
<p>Just to add a bit more clarification- the EFC is the first thing to be subtracted from the cost of attendance when determining unmet need.</p>