<p>So I know there have been threads concerning Georgetown's financial aid, but I figure now is a good time to bring up the topic again. </p>
<p>How is Georgetown's fin aid package for your family?
Do you think it measures up to other schools' (esp those with fin aid incentives like Duke, Penn, et al.)?
I doubt fin aid has been sent yet, but just give your opinions/thoughts as they come.</p>
<p>Many Thanks from a prospective SFS H.S. junior all too concerned about the price tag up on the hilltop</p>
<p>bump </p>
<p>i'm actually really interested in current students' view on financial aid at gtown as well</p>
<p>My family's financial aid thus far (i'm a sophomore) has been phenomenal. While I won't go into exact numbers, it was the best offer i got of all the colleges i was accept to including a couple thousand a year better than Cornell and a good $10k better a year than Tufts (those are the only two i specifically remember).</p>
<p>Georgetown meets 100% of its (US) undergraduate students financial needs. That means that the school will put together a package to cover any of the $50,000+ cost of attendance that your family, as calculated by the institutional methodology, cannot afford. [Do not forget to file your CSS Profile.] The school very rarely gives out merit awards and most non-need awards are given to athletes.</p>
<p>What that translates to for me is financial aid package of $4,000/yr is subsidized federal loans and the rest paid for by the school. I'm unfortunate enough to have an EFC of under $2,000.</p>
<p>This is very atypical however, for many reasons:
1) Most students here are from affluent families and are therefor expected to pay more for their students' education.
2) Internationals, except for perhaps a handful, do not receive financial aid.
3) Over 70% of the school's operating budget is from tuition payments. That means, unlike many private institutions, the school still relies heavily on student fees to run.
4) The endowment, in contrast with comparable institutions, is minuscule. Apparently, it was not started until the 1970's.
5) As most Georgetown undergraduate alumni go on to graduate study programs (mostly law, med, and business), few remember their undergrad alma mater and give to their grad schools instead.</p>
<p>I have no idea how this compares to your other schools. I wouldn't worry too much on it though. Most private schools use the same methodology to calculate financial need. As long as the school doesn't have a specific stated goal to not give out student loans (ie Princeton), then your aid should look about the same across the board. If there are stark differences, ring up your financial aid counselor and fax them a copy of the better offer.</p>
<p>Georgetown's FinAid definitely measure up to schools like Duke and Penn (though our endowment is much smaller)</p>
<p>I was accepted at Georgetown and Duke - and my Georgetown FinAid package was roughly 1-2K/year less than Duke's - but I liked Georgetown much better than Duke and my parents was okay with the difference... it may be significant for some families though... but the FinAid has gotten better since I applied</p>
<p>for early applicants, will we recieve more info on financial aid or do we start filing now?</p>
<p>You should are filing asap... I believe the deadline for FAFSA in sometime in February for Georgetown... but you don't need anything from Georgetown to file for the CSS Profile and FAFSA...</p>
<p>My financial aid is decent. I originally got a lot more from Northwestern, but I was able to negotiate with Georgetown for a better package.</p>