by our College Data Analytics TeamA lot of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Tulane University of Louisiana can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Tulane provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Tulane University of Louisiana.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Tulane University of Louisiana, 65% of entering full-time freshmen got some type of financial assistance around 1205 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $39,654 |
| Institutional grants & scholarships | 60% | $37,315 |
| Federal Pell grants | 11% | $5,767 |
| State/local grants | 11% | $6,780 |
| Federal student loans | 23% | $5,052 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 59% of the undergraduate population received grant aid that averaged $35,988 (covering around 4763 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $35,988 |
| Federal Pell grants | 10% | $5,324 |
| Federal student loans | 21% | $6,114 |
On-campus students receiving title-IV aid were awarded grants averaging $47,055.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,822 |
| $30,001 – $75,000 | $25,726 |
| Over $75,000 | $53,623 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $39,949 |
| Off-campus title-IV students | $43,939 |
To get a personalized net price estimate, try Tulane’s online cost calculator: admission.tulane.edu/tuition-aid/net-price-calculator.
Graduating students at Tulane carry a median federal student debt of $19,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,250 |
| Median federal debt (graduates only) | $20,500 |
| Typical 10-year monthly payment (graduates) | $217.33/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Tulane.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $34,000 |
| 90th percentile (highest-debt students) | $42,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,937 |
| Middle income | $19,000 |
| High income | $19,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $20,375 |
The figure below distills the debt data into a single burden category for Tulane.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Tulane:
| Metric | Value |
|---|---|
| Stafford loan recipients | 32651 |
| Total Stafford loan amount | $1,287,040,253 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 137 |
| Total GI Bill amount | $2,221,676 |
| Average GI Bill amount per recipient | $16,217 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $11,750 |
| Average DoD amount per recipient | $2,350 |
References
More about our data sources and methodologies.