This is a big factor. My son is a NMF and had many full ride options at state schools and full tuition at 4 well known private catholic schools (he’s K-12 catholic school). So, Georgetown aid . . . It hit our FAFSA number exact. It hit the net price calculator online exact. We were surprised. That being said, I would say we are middle class so ours may have been more generous than others. Assets probably influence, as well. It was a generous amount. Enough for him to turn down full rides and full tuition. I think if you get a private scholarship, it is deducted from your financial aid from Georgetown up to a percentage. I can’t remember. At EA GAAP weekend, we talked to a representative that said it’s not worth getting Georgetown on your resume if it causes a financial burden. It won’t for us and if it did, we wouldn’t be able to justify it based on his other opportunities.
Son got in regular admission after being deferred EA. It’s April 13 2019 and still haven’t received financial aid award (either by mail or in portal). Called a few times last week, and Gtown told us they are still in process of finalizing it. It’s getting close to May 1 and getting nervous about this. Middle class- Income ~115,000 with some modest savings and investments, and full equity in our house (we are older parents,who paid off our home just last fall 30 years after buying it). Trouble is, we did Gtown’s online net price calculator a couple of different times - first one we included our home equity, and also, as a test we ran a second one,stating that we did not own a home. The net price to us came out exactly the same! how can this be? how accurate is this calculator? I thought that Gtown did count some multiplier of home equity in their calculations, but results came out the same for both scenarios.