Tulane Financial aid questions?

Paying for College
1

Money is the #1 factor for which school I plan on going to, and some of my math and whatnot may be flawed {(been awhile since I had a math class) also I’m not FC}

But my primary question is,
(sidebar)
With the total cost per year at tulane being around $65K, and with the Presidential covering $32K/yr plus TOPS $5K/yr, that brings the tuition to $28k/yr
(Also applied for PTA so in that scenario, would that bring it to $15K (R/B? or 10K if TOPS helps pay for that?)

How does financial aid fit into all of this? Assuming we do the FAFSA stuff and whatnot, is it possible for Fin. Aid to stack with merit to lower the costs even more? How do schools award FAFSA $ anyways, is it based on income and if so, is there a certain amount to expect for a particular income bracket? What about work study?

(Total family Inc.($100-150k/yr and while that is enough to cover the costs, my mom has been through a rough year and the reason money is the #1 factor for me is because I don’t want her to have to work any harder than she has to right now and I feel as though I should be able to get by without her help)

Thanks again if anyone is able to shed more light on this, I hope I’ll be able to attend Tulane knowing that my mom can focus on saving up for my not-so scholarly younger sibling.

Extra Info: Live with my mom, parents divorced (dad pays no child support unless mcdonalds on weekdays counts)
Never had a job
Mom’s income-$100-150k/yr

Do I have to take out loans? Will I get any need-based aid?

What is a subsidized/unsub loan?

How does work study factor into all of this?

2

Sorry I don’t know much about about Tulane, but doesn’t it require the CSS profile in addition to FAFSA? For that they will need your Mom’s info and also your dad’s (non custodial parent). Will he cooperate with filling out forms?

Deadline for CSS profile and FAFSA is Feb 15 according to Tulane’s website.

Other than federal loans I don’t think you will get much more aid in addition to your merit scholarships with your Mom’s income.

3

You won’t likely get any need based aid because your mom’s income is too high. Once the Tulane and TOPS merit is applied, the remaining costs would be lower than EFC.

Your EFC is going to be higher with only one parent in the home.

FA will not stack on top in a situation like this. Merit will get applied first, and then your “need” will be low enough that no FA is considered needed.

How much will your mom pay each year? Has she said?

do you have siblings? any in college?

4

She hasn’t said and I was just kind of hoping she wouldn’t have to, and I do have a younger sibling but no, no one else in college right now @mom2collegekids
thanks anyways