Your Financial Aid Award
Financial aid at The University of Tulsa is awarded on a combination of academic achievement and financial need. Award notifications are typically sent to incoming freshman and transfer students beginning in January and to continuing students beginning in late spring. Awards are made on an on-going basis throughout the year, so we encourage you to check your TU Portal often.
Your award represents the best offer of assistance based on the Free Application for Federal Student Aid (FAFSA) and the cost to attend The University of Tulsa. Awards cannot be negotiated and we do not match offers from other schools.
Scholarship candidates are evaluated on a competitive basis. A number of factors are reviewed in selecting a student to receive an award. For new entering students, of prime importance are the student’s academic record and the results of national testing programs. Candidates for federal aid programs are evaluated based on financial need, as determined by the FAFSA.
The amount of aid offered to a student is determined by demonstrated financial need. Financial need is the difference between the amount of money the student and parent(s) can contribute from income and assets (based upon a congressionally approved analysis) and the cost of attending TU, less outside awards.
At the time your application was reviewed, you were automatically considered for all categories of aid, including scholarships, grants, loans and employment. It is the responsibility of Student Financial Services to determine your eligibility and assign awards appropriate to your needs.
TU reserves the right to reduce or rescind award packages if federal allocations to the university are insufficient to cover expenditures. Outside sources of assistance may be estimated and may change when the award is finalized.
The student budget models used for the determination of financial aid eligibility are based on the “modest but adequate” concept and include both fixed and variable expenses. No provision is made for expenses that are not directly related to your college attendance. These are the three budget models:
- Resident: The student resides in a university residence hall and contracts for a university meal plan. University apartments and fraternities are considered off-campus for cost of attendance purposes.
- Commuter: The student resides with a parent or other relative. Freshmen and sophomores must abide by university housing policies.
- Off-Campus: The student commutes from and resides in off-campus housing (not owned by a parent or relative).
The financial aid budget is calculated as full-time. If you enroll in fewer than 12 hours, you need to submit a written statement to Student Financial Services indicating you will be a less than full-time student. Your financial aid package will be adjusted to reflect your less than full-time status. Living arrangements reported on the FAFSA will determine your cost of attendance budget. If you change your living status after completing the FAFSA you need to contact Student Financial Services in writing to adjust your cost of attendance budget. Enrollment in audit classes DOES NOT count toward eligibility for financial assistance. If aid is advanced to you for which you are not or were not eligible, you will be required to repay that amount, possibly with interest.
How will I be notified?
You will receive an award notice by email to your official TU email address that your award letter is available to be reviewed on your TU portal.