Financial Aid News Update (7/8/24)
Due to the U.S. Department of Education’s extensive delays with the 2024-2025 aid processing cycle, as of today (7/8/24), several populations of Tulane students who have applied for financial aid for the 2024-2025 academic year have not yet had their financial aid offers finalized. However, we expect most populations to receive their notifications of 2024-2025 aid offers within the coming weeks. Below please see a status summary.
Important Information for All Students:
The U.S. Department of Education (DOE) has just recently allowed schools to start certifying federal student loans for the 2024-2025 academic year. While we have commenced certifying accepted 2024-2025 Federal Direct loans (subsidized; unsubsidized; and graduate PLUS loans), we are waiting for the green light to initiate the certification of parent PLUS loans. We have been informed that parent PLUS loan certification will be allowed to start within the next few weeks. However, DOE is not yet accepting any FAFSA changes we submit to them for processing, thus if a change is required prior to loan certification, then we regret that this is blocking our ability to certify loans for some individuals. We remain hopeful that DOE will soon be able to accept our FAFSA corrections. Please continue to check this space for a future update. We currently anticipate that all federal loans eligible for disbursement will disburse as scheduled prior to the start of the 2024 fall semester.
Remember that you must accept the aid items offered to you which you wish to receive. Using the secure Tulane Gibson portal, after accepting the Terms and Conditions associated with your aid offer you can then navigate to accept specific aid items (either at the level offered or at a lower level).
The acceptance of aid is required for the following:
- Disbursement of institutional scholarship.
- Certification (and ultimate disbursement if eligible) of a federal loan.
- Commencement of employment if offered Federal Work Study.
The following aid items do not require your acceptance:
- Federal Pell Grants as these funds are automatically accepted on your behalf.
- Returning undergraduates with renewed merit scholarships.
- Medical School scholarships as these are automatically accepted on your behalf.
Important Information for Incoming Freshmen Undergraduates (non-School of Professional Advancement SoPA):
Our staff continue to finalize all previously estimated 2024-2025 aid offers as well as process initial 2024-2025 aid offers for later applicants.
Important Information for Returning Full-Time Undergraduates (non-SoPA):
Our staff continue to review all 2024-2025 financial aid applications in preparation of starting to email aid offer notifications in the coming days. Our initial focus is finalizing aid for those seeking institutional need-based scholarship and federal student aid and then concentrating on those returning full-time undergraduates solely seeking federal student aid. Currently, when logging into the Gibson portal only renewed merit scholarships are listed, as all other aid listings will be forthcoming.
Important Information for Louisiana Students Eligible for Taylor Opportunity Program for Students (TOPS) Funding:
The State of Louisiana will soon be sending confirmation of students eligible to receive 2024-2025 TOPS funding. For incoming freshmen, we will learn if you also qualify for a TOPS book stipend amount (at an annual level of $400 or $800) and we will amend your existing aid offer accordingly (not all students qualify for the book stipend). For returning students, your estimated TOPS will be reflected on your 2024-2025 Gibson portal aid listing.
Reminder that the State of Louisiana delays the disbursement of their TOPS funding until several weeks into the start of each semester, as Tulane is required (after the last date to add/drop classes) to send an official listing of enrolled students to the State and only after their receipt and review of this information will they release TOPS funding. We anticipate that actual TOPS disbursements will occur in late September or early October. The Tulane Accounts Receivable Office is aware of this delayed disbursement and will not impose finance charges applicable to the delayed payment of these funds.
Important Information for All SoPA (School of Professional Advancement) Students:
For all undergraduate and graduate level SoPA students (both newly incoming and continuing) who have applied for 2024-2025 financial aid we anticipate that aid offer notifications will be available within the next few weeks.
Important Information for All Graduate & Professional (non-SoPA) Students:
We continue to process 2024-2025 aid for completed applicants who are non-SoPA graduate and professional (newly incoming as well as continuing) students.