The University of Tulsa strives to make quality private higher education available to all qualified students. Every effort is made to help students who require financial assistance meet their tuition and living expenses. Sources of financial aid at TU include scholarships, federal loans, and private loans. Approximately, 98% of the student body receives some combination of federal and private loans. 62% of the overall student body receives a scholarship.
The Office of Student Financial Services is available to help students understand the financial aid process and to answer questions about loan eligibility. Contact Kristi Emerson, Assistant Director Student Financial Services, at 918-631-3325 or kristi-emerson@utulsa.edu for more information.
Financial Aid Application Process
To receive federal financial aid, students must complete a new Free Application for Federal Student Aid (FAFSA) each year. The Department of Education begins accepting applications for the new school year on October 1.
Please Note: All students are required to set up a utulsa.edu email account with the University as soon as the Office of Admissions provides the instructions. The TU Office of Student Financial Services will only correspond with students via their utulsa.edu accounts.
Students who plan to attend summer school must complete the Summer TU Financial Aid Application form and have a current FAFSA on file with the TU Office of Student Financial Services. The summer form will be available in March of each year. Students studying abroad or visiting another school will need to complete the study abroad/visiting student form.
Once we have received your application, we may ask for additional information or documents based upon information received from the Department of Education. Some students are chosen by the Department of Education for a process called Verification. We will send you an email requesting the documentation required to complete the verification of your file. Additional information may be required if all questions are not resolved. Once all of the documents are received and all discrepancies are resolved, we will process your application.
Aid eligibility will not exceed your Cost of Attendance. The Cost of Attendance is set annually on reasonable expenses. (See Tuition & Fees) It does not cover debt previously incurred or high expenses. Please set a budget for yourself if you plan to live on an aid refund; regulations are tight and do not include any expenses for other family members.
All students are required to have medical insurance and enrolled automatically. To opt out of the mandatory health insurance: studentcenter.uhcsr.com/tulsa
IMPORTANT NOTE: All awards are based on Full Time Status. Please notify the Office of Student Financial Services immediately if you will not be attending Full Time.
Student Loans
Federal Direct Unsubsidized Stafford Loans
Federal Direct Unsubsidized Stafford Loans are available for students who need funds to help meet their educational expenses. The maximum amount for an Unsubsidized Stafford loan per academic year is $20,500. The student is responsible for the interest on this loan while in school or upon the request of the borrower. This interest can be added to the principle. Visit studentlaid.gov for the current interest rate and origination fees. Students will enter repayment six months after enrollment drops below half-time status. The lifetime aggregate Stafford loan limit for law students is $138,500, of which no more than $65,500 can be from the Subsidized Stafford loan. Read more about Direct Unsubsidized Loans
Federal Direct Graduate PLUS Loans
The Federal Direct Graduate PLUS (GPLUS) Loan is a loan that students may apply for in addition to the Direct Unsubsidized Stafford loan. The maximum a student is allowed to borrow each year is the difference between the Cost of Attendance and all other aid received for the academic year. Visit studentaid.gov for the current interest rate and origination fees. Students will enter repayment six months after enrollment drops below half-time status. The student must not have adverse credit in order to obtain this loan. Read more about the GPLUS Loan
Private Loans
Private Alternative Loans are loans that students may apply for in addition to the Federal Unsubsidized Stafford loan. The maximum a student is allowed to borrow each year is the difference between the Cost of Attendance and all other aid received for the academic year. This interest rate varies among the lenders as they will use either the T-Bill or Libor in addition to another percent that will be determined by them when you apply for the loan. Some lenders will also assess processing and origination fees and those are based upon your credit score. Students will enter repayment six months after enrollment drops below half-time status. The student must be creditworthy in order to obtain this loan. Read more about private loans