The Freeman School awards over $2.2 Million in merit-based fellowships. For both domestic and international MBA applicants, the notification of award is included in the letter of admission. Merit-based fellowship awards are intended to encourage academic excellence and enhance the quality of the Freeman School programs by bringing the best and brightest to Tulane University. Dependent upon the type of fellowship offered, specific terms apply and are included in the admissions notification letter.
At the graduate level students use a combination of federal loans and personal funds to attend business school. At Tulane, all loans and merit aid is administered through a central financial aid office.
Tulane University participates in the Direct Loan Program, and the federal government through the U.S. Department of Education is the lender for Direct Loans. Applicants must be a United States citizen or permanent resident and be enrolled at least half-time (defined as six credit hours at Tulane for graduate business). To apply for federal aid, students must submit the Free Application for Federal Student Aid (FAFSA). Prospective students can complete the application at any time and are endouraged to do so early in the spring. At the graduate level, students are considered independent from their parents and are not required to provide any parental data during the application process. Federal Direct Unsubsidized Stafford Loans are offered to eligible students who are enrolled at least half-time (based on the standards for full-time in each division) and who meet all other eligibility criteria. Other federal programs include Perkins and the credit-based GradPlus loan, and students may also choose to use the Federal Work-Study (on-campus part-time work) option. Once a student has submitted the commitment deposit for the MBA program, additional information and requirements regarding the pending FAFSA application can be found under the Financial Aid tab by logging into the Gibson Portal.
Eligibility for federal assistance is determined by the Office of Financial Aid, based on federal need-based criteria. All questions and correspondence regarding need-based financial aid should be directed to:
Office of Financial Aid
205 Mechanical Engineering Building
New Orleans, LA 70118-5698
(504) 865-5723 phone
(800) 335-3210 toll-free phone
(504) 862-8750 fax
International students must certify funds to complete one year of the program to secure a VISA to study in the US. The student should have adequate resources planned to complete the program, and to take advantage of the international experience. International students may seek to borrow funds through the Alternative Loan program, however, this loan option requires that the student have a credit-worthy cosigner who is either a U.S. citizen or permanent resident.
International students should explore International Education Financial Aid (IEFA) website for additional scholarship and loan opportunities. This online resource offers a searchable database which provides direct links to a number of organizations offering assistance to fund study in the United States.
In addition, students from any member country of the Organization of American States (OAS), can seek to borrow funds through the Rowe Fund loan program.