Student Loans for Georgetown Students
Georgetown University is, as you probably know, one of the country’s premier universities. It’s located in the Georgetown neighborhood (no way!) of Washington, DC, and is the oldest Catholic and Jesuit institution in the country, having been founded in 1789. Academically, Georgetown is off the charts, and its athletic programs are pretty strong too the Hoyas are no strangers to dominating the Big East, especially when it comes to basketball. Campus life is about as vibrant as you could find at a college, and with Washington right there to explore, there’s no reason to ever be bored at Georgetown.
Georgetown is expensive, there’s no getting around that. Total costs for the most recent academic year are over $59,000, which is a pretty mind-boggling figure. Not to worry, though: the majority of students at Georgetown wind up not having to pay the full ‘sticker price.’ 58% of the student body receives some form of Georgetown financial aid, with 100% of demonstrated need met and an average aid package of $33,000 for freshmen. Individual Georgetown financial aid packages heavily favor grants and scholarships over loans, almost at an 80-20 split. The message: Georgetown has a strong financial aid program and gives funds to those who demonstrate that they need assistance.
Budgeting and Georgetown Financial Aid
Washington is one of the most expensive cities in the country, and if you aren’t careful, nights out on the town can put a serious dent in your wallet. If you’re receiving Georgetown financial aid, you can’t afford to be spending left and right. That said, we still want you to have fun just do it on a budget. Keep track of how much money you spend, and be smart about how you spend it.
The Georgetown financial aid office requires two forms from applicants: the FAFSA, or Free Application for Federal Student Aid, and the CSS/Profile. These forms sound more intimidating than they are, we promise. We have a guide to completing the FAFSA on our site, but if you have any questions regarding the CSS/Profile, you can get in touch with the aid office at Georgetown, and an aid officer will be happy to help you.
When Your Aid Package Isn’t Enough: Loan Options
For some students, the financial aid they receive from Georgetown just doesn’t quite cover their financial needs. If you’re looking for additional funding, look first to federal student loans. With low interest rates and favorable repayment terms, these loans are a no-brainer in terms of finding a good source of college funding. If you happen to exhaust your federal aid options and you still need more funding, then a private student loan is most likely your best option for covering the financial gap. Since there are tons of different loans and lenders out there, it’s important to do your research and find the loan that is best suited to your financial needs. Fortunately, we have just the thing for that. Our Student Loan Comparison Tool lets you search for and compare private student loans from top lenders. When you find a loan that looks right for you, you can go ahead and apply for it, covering the remainder of your Georgetown tuition bill.
Frequently Asked Questions
Q:What loan options are available at the Georgetown Financial aid office?
A:The Georgetown Financial aid office offers a number of loan options for its student body. These awards play an important role in covering the cost of education at Georgetown University and can be divided into federal and private options. The federal options available are Direct Subsidized/Unsubsidized loans, Parent PLUS loan, Graduate PLUS loan, Perkins loan and Nursing Student loans. All of these options can be accessed by filling out the FAFSA (Free Application for Federal Student Application) form. The Georgetown financial aid office also provides information on private education loans on its website. Students are recommended to exhaust their federal financial options first before using private education loans.
Q:Are grant and scholarship awards available at the Georgetown University financial aid office?
A:Yes, the Georgetown University financial aid office understands that paying for college can be a challenge for both parents and students. There are a number of grants and scholarships awards available which can help cover the cost of education. Federal financial aid is available in the form of Pell Grant and Supplemental Educational Opportunity Grant. Both of these awards can be accessed by filling out the FAFSA form. Georgetown University also offers a number of scholarship awards for both undergraduate and graduate students.
Q:How can I apply for financial aid Georgetown University?
A:Georgetown University offers a number of aid options to students in need of financial assistance. To apply for these programs, you must fill out a FAFSA application, which is available online at fafsa.ed.gov. Submitting a FAFSA application is a mandatory; without this application, you cannot receive any sort of financial aid.
Pay for Georgetown University*
|Total Avg. Cost||$56,485|
|Room & Board||$12,758|
|Financial Aid Information|
|Students Receiving Fin Aid||59%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$17,697|
|%Receiving Other Loans||3%|
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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