Student Loans for George Mason Students
About George Mason University
A public university with various campuses across Virginia, George Mason is committed to providing a high quality university education to students at a low cost and with geographical convenience. Founded in 1957, George Mason, or GMU, isn’t exactly as old as some of the other colleges in Virginia (take William & Mary, for instance, in Williamsburg and founded in 1693), but it’s no pushover. In recent years, two professors from its Department of Economics have won a Nobel Prize in Economics, and the school has strong programs in law, comp sci, and creative writing in addition to its (obviously) strong econ program. Despite its academic strengths, if you’ve heard of George Mason, it’s probably because of its men’s basketball team’s Cinderella run in the 2006 NCAA tournament, when the previously unheard-of Patriots squad beat Michigan State, Wichita State, North Carolina, and UConn to make an appearance in the Final Four. Unfortunately, GMU lost to the Florida Gators, who would go on to win it all, but it was an epic run.
We don’t think it makes any sense to spend money on unnecessary stuff when you’re receiving George Mason financial aid, so we won’t want you to fall prey to that mistake of college spending. Here’s what we have to say (we’ll keep it concise): don’t spend your hard earned (or borrowed) money on unnecessary stuff. Trips off-campus to grab dinner with your friends are okay every now and then, and an adventure to D.C. every once in awhile is okay too, but really, really, really be careful with how you spend your money. Sound good?
Applying for Student Loans
This is surprisingly easy – seriously! The only form you need to send in if you want to be considered for George Mason financial aid is the Free Application for Federal Student Aid (FAFSA). The FAFSA isn’t too terrible, but you do need to gather a bunch of financial and tax information before attempting to complete it (we have some resources on how to file it – check out our resource center for more info). Once you complete the joyous process of filling out the FAFSA, send it off, and your process will be finished. You’ll receive your George Mason financial aid award with the next tuition bill.
George Mason Financial Aid Packages
Like any other college or university, George Mason financial aid awards combine student loans, work-study programs, grants, and scholarships to concoct an award that is optimally suited (in the eyes of the aid office and the federal government) to the student’s/family’s financial need. For many students, their award will be just dandy – only 43% take out federal student loans – but for a small percentage (around 6%) of students, private student loans are required to cover the gap between GMU financial aid and the cost of attending GMU. If you’re one of these students, be sure you exhaust all of your aid options before applying for a private student loan, but if you think you’re ready to apply, check out our student loan comparison tool to search and compare a variety of student loans from a variety of top lenders. Once you find the one that’s right for you, you can apply for it directly.
Are there any grants available for Virginia residents through the George Mason University financial aid office?
Yes, the George Mason University financial aid office offers Virginia residents a number of options to help make a George Mason education affordable. Awards available for in-state students include the Virginia College Scholarship Assistance Program, the Virginia Commonwealth Award, the Virginia Guaranteed Assistance Program, and the Virginia Two Year College Transfer Grant Program. These awards are specifically for undergraduate students who demonstrate a degree of financial need on their FAFSA.
Can you tell me about the summer aid program offered by George Mason financial aid?
The financial aid office of George Mason University offers summer aid to students who need assistance. However, summer aid is limited, so if you have already used up your maximum aid eligibility during the spring and fall semesters, you may not receive help. To apply for summer aid, you must fill out the FAFSA and the summer aid form and submit them both to the financial aid office.
Pay for George Mason University*
|Total Avg. Cost||$19,314|
|Room & Board||Not Avail.|
|Financial Aid Information|
|Students Receiving Fin Aid||65%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$11,403|
|%Receiving Other Loans||6%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics