Gross tuition revenue is the amount that would be collected if every student paid the published tuition rate. Net tuition revenue is the amount actually collected after all exemptions are applied. This difference is so prevalent in American higher education that Congress required universities to report on the net price after the average amount of aid is factored (http://nces.ed.gov/ipeds/resource/institutional_net_price.asp).
LSU’s financial aid program generally has two arms.
- The first is need-based aid programs to ensure financial access for qualified students. Cost should not be a barrier to an appropriate education. Most notably, LSU’s Pelican Promise is a commitment to Louisiana’s poorest students that LSU will help them cover most, if not all, of the cost of attendance.
- The second arm is the competitive scholarships which are used to keep the best students in the state as well as attract students from other states. It is shown that students tend to stay where they take their undergraduate education, so this serves as an important policy for building the intellectual capital of our state.
If you have questions or comments, email firstname.lastname@example.org or tweet @LSUCapitolTiger. Continue to check lsu.edu/budget for updates and information.