Students can avail of scholarships provided by the university, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Dean's Honor Scholarship, and Distinguished Scholar Award, if they find educational expenses to be on the higher side. Notably, 79% of the students at Tulane University of Louisiana get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,294,558. The total percentage of candidates applying to Tulane University of Louisiana who receive the Federal Grant is 7%. On the other hand, 76% of the candidates get the Student Grant, 76% receive the Institution Grant, and 7% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,882, while the same comes to $6,363 for State Grant receivers and $30,990 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,126. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At TUL, an estimated number of 26% of the applicants choose to go for student loans.