Is the typical Georgetown Financial Aid package good for a typical upper-middle class family? Would grants from the government and school make it possible to attend, despite the steep price tag? Any experience with their financial aid would be much appreciated! Thanks!
What is your family income? Georgetown uses both the fafsa and Profile to calculate institutional need based aid.
The federal grant of $5900 would on,ynbe vailble to you if you have an income on the low side…not upper middle,class…and a Direct Loan of $5500 for freshman year is NOT going to help you attend this school if you need a lot of aid to attend. You need institutional need based aid…
How much can your family pay annually? What is their annual income (middle class means different things to different people)?
You’re right… Sorry for the vague information. Annually, somewhere around 25,000 would be able to be contributed. Would attending Georgetown still be feasible?
Well…that’s what they say they can contribute. But really…it’s their INCOME that GTown will use…not what your parents SAY they can contribute.
Let’s put it this way…you would need $45,000 or so in need based aid…if your family only plans to contribute $25,000.
You would need a low family income to get to that a lint of need based aid.
For example…if your family income was say $200,000 a year…GTown would likely expect between $50,000 and $66,000 a year…estimates on my part.
Look…there is a net price calculator on the GTown website. Why don’t you run that?
Are your parents divorced? Do they own a business or are they self employed? Do you own rel estate other than your primary residence? If no…the NPC should give you a decent estimate of your net cost.
Once again, you’re right! lol I’m struggling today… While I’m not certain on the annual income as it fluctuates yearly, but I would say typically around 80,000
Run their Net Price Calculator on their web site. That’s the best way to get an idea of what you would pay.
Alright thanks! Sorry for any confusion I caused…
Do your parents own a business? Is that why the income fluctuates.
$80,000/year income is not upper middle class. And if that is a "typical’ annual income your parents would not be able to contribute $25,000/year unless there is an inheritance or something like that.
$80k per year is not upper middle class. Are you sure that’s their gross income? Or is that their net income?
What about assets? Savings? Properties? Investments?
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Would grants from the government and school make it possible to attend,
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you wouldn’t likely qualify for any grants from the gov’t. However, you may get some from the school.
Your info isn’t really adding up. A family with an $80k income can’t likely contribute $25k per year. So, please talk to your parents and find out what the real numbers are.
And, have THEM run the G’town net price calculator and see what the results are.
However, if your parents own a business or take business deductions the results won’t be accurate.