<p>Does anyone out there have experience with Tulane's determination of need-based aid awards--or that portion of demonstrated financial need not met by a merit award?...I'm interested to know how close they come to "matching" the EFC (Federal or institutional) for the total cost and what portion would be grants relative to loans. My d has been accepted without a merit award. Her sibs are at schools that meet 100% of demonstrated financial need (mostly outright grants) and I want to get an idea of how she'll fare in the Tulane process. The Collegeboard website indicates the average award meets 96% of need, quite high, with a 78 vs. 22 percent ratio of grants to loans/jobs. But these stats can be misleading (and I'm wondering if they include "non-need" based merit awards really). Thanks.</p>
<p>bump Anyone?</p>
<p>Our experience was pretty close to those published stats. When it all shook out, we had to come up with our EFC, plus about $5,500 (cost of attendance estimate 54,600). The loans are a little more than I would like - $8,500 total this year, but apparently this amount is not unusual for students these days and $6,000 of that is subsidized. Hope that helps a little.</p>
<p>thanks dfunckmom–that does help…Actually–a question–can you say if you are referring to the federal (FAFSA) EFC or institutional guideline (CSS/Profile) as to what you come with? Thanks.</p>
<p>Our financial aid package need met also came close to those numbers, based on the institutional methodology (It appeared as if our EFC from Tulane came out to our Federal EFC plus about 5% of our home equity, then we had a gap of about 5%). The breakdown between grants and loans/WS was more of a 70/30 split for us this year, but the package was better the first two years.</p>
<p>I was referring to our Federal EFC in those figures, and just FYI workstudy seems to be harder to find this year - large freshman class…</p>