Need Blind Admissions and Meeting Full Need
Georgetown University admits and enrolls students without regard to their financial circumstances and is committed to meeting the demonstrated financial need of eligible students through a combination of aid programs that include grants, scholarships, employment and loans from federal, state, private, and University resources.
Georgetown University directs its limited aid funds to a diverse student population on the basis of financial need. Each student's need is re-evaluated annually to ensure equitable distribution of aid resources.
Determining Eligibility for Federal Financial Aid
Your eligibility for federal, many state, and some private aid programs is based on your financial need as determined by a formula that is mandated by Congress which calculates an expected family contribution toward educational expenses.
The federal need analysis formula evaluates net income, some net assets (the value of home equity is not considered to be an available asset in the federal need analysis formula), number of family members, number of family members in college, and other relevant factors that may affect your family's ability to contribute towards educational expenses.
A parent contribution based on reported parent income and net assets, plus a student contribution based on reported income and assets, plus student benefits from government agencies such as the Veterans Administration or Bureau of Indian Affairs are all included in determining the total expected federal family contribution. If you will have other resources available to meet college costs, such as a state or privately-sponsored scholarship, these must be considered in determining need for federal aid. If the cost of attending Georgetown University is greater than your expected federal family contribution, you may be eligible for federal financial aid.
Determining Eligibility for Georgetown University Assistance
Your eligibility for Georgetown University scholarship assistance is determined using a need analysis formula that is similar to the federal model, but which analyzes additional factors that Georgetown believes affect your ability to contribute toward educational expenses.
So that limited funds can be shared most equitably, Georgetown University expects that each student and his or her family will contribute to the fullest extent possible to meet educational expenses, drawing on income and all family net assets (including home equity). To determine eligibility for its own scholarship aid, Georgetown collects information about income and assets from the parents of independent students, and from both natural parents even if they are separated or divorced.
Under the Georgetown formula for determining eligibility for Georgetown scholarship funds, students are expected to contribute to the cost of their education by providing a mandatory minimum expected contribution from summer employment and/or savings. Typically the minimum expected student contribution from summer employment and/or savings is $1,700 for first-year students, $1,800 for sophomores, $1,900 for juniors, and $2,000 for seniors. The minimum amounts expected are reviewed annually and may change during an aid applicant's period of enrollment.
Georgetown University scholarship assistance is offered to students whose expected federal family contribution, plus additional expected Georgetown family contribution (if applicable), plus federal, state and other outside aid resources do not meet the full cost of attending Georgetown.