Gift aid represents funding that does not need to be repaid, and thus in essence is a “gift” to the recipient. Generally, gift aid is categorized as scholarships and/or grants. We offer the basics on the various types of scholarships/grants that are typically received.
Merit Scholarship
Generally, merit scholarships are awarded only to incoming students to recognize past stellar academic performance, with the expectation that a similar academic performance will occur at their new collegiate level. Incoming undergraduate freshmen are recognized for their high school academic accomplishments, while incoming graduate and/or professional students are recognized for their prior collegiate performance. Often such awards are renewed for all expected semesters of enrollment, and retention usually requires meeting some minimum academic and enrollment criteria.
All Tulane merit scholarship is designated for tuition. All Tulane Scholarship (need-based) is designated for tuition. If total Tulane institutional scholarship exceeds tuition, overages may be allowed in some cases to exceed tuition if the overage dollars are associated exclusively with Tulane Scholarship (need-based) or associated exclusively with a merit scholarship requiring coverage of components in addition to tuition.
See Tulane Merit Scholarship Continuation Requirements for more details about retention of Tulane merit scholarship awarded to non-SoPA undergraduate students.
Service Scholarship
Recipients of service scholarships are usually required to perform some level of service in exchange for their receipt of the scholarship funding. The most common example of a service scholarship is the ROTC Scholarship program, whereby in exchange for a generous scholarship recipients are expected to serve for a specific number of years in the armed forces.
Need-Based Scholarship
Scholarships awarded on the basis of a determined financial need are also often referred to as grants. The Federal Pell Grant is an example of a need-based award. A standardized needs analysis methodology is used to determine an expected family/student contribution and to then establish a student’s level of eligibility for need-based scholarship/grant funding. Generally need-based eligibility must be re-established each year and all retention criteria must be fully met.
All Tulane merit scholarship is designated for tuition. All Tulane Scholarship (need-based) is designated for tuition. If total Tulane institutional scholarship exceeds tuition, overages may be allowed in some cases to exceed tuition if the overage dollars are associated exclusively with Tulane Scholarship (need-based) or associated exclusively with a merit scholarship requiring coverage of components in addition to tuition.
See Tulane (need-based) Scholarship Continuation Requirements for more details about retention of Tulane need-based scholarship consideration for non-SoPA undergraduate students, and Eligibility Criteria for more details about eligibility for Tulane need-based scholarship consideration.
Other Scholarships
Scholarships are provided from numerous sources. While many colleges and universities offer their own institutionally funded scholarships/grants, funds are also provided via various Federal and State programs, as well as from a vast array of “outside” scholarships (defined as scholarships being offered from entities “outside” of Tulane). Learn more about “outside” scholarship opportunities. Please note that the receipt of other scholarship may have an impact on Tulane institutional gift aid or MAY BE REDUCED DUE TO receipt of Tulane institutional aid, and that it is wise to be skeptical of unsolicited offers of outside scholarship. Learn more about the effects between “outside” scholarship opportunities and Tulane institutional gift aid.
