<p>So how much of the package was wrapped up in loans, I know they meet 100% of demonstrated need, but are they generous or stingy with the grants?</p>
<p>Yes, good question considering Collegeboard has it as “not reported.”</p>
<p>They are very good with financial aid. No exactly at the level of the tippy top schools able to go beyond 100%, able to completely eliminate loans, but they are the top of everyone else. Both work study and loans are capped at $3,000 each as part of the package, the rest is grants. they meet 100% of need. For me, gtown ended up being several thousand cheaper per year than my state flagship (assuming you, like me, don’t count loans as real aid). My loans component was lower at gtown than anywhere else I applied. Now don’t go in with high expectations of course, but don’t worry too much about Fa at Gtown compared to elsewhere, unless the elsewhere is someone like HYPM</p>
<p>I love what you’re saying! GU has been my first choice but my parents are starting to give me the looks about finances. If things work out like you say (and I get accepted) I’ll see you in the fall!!!</p>
<p>DCforMe, your words have given me a bit of hope!
Whenever I bring up my Georgetown acceptance my parents roll their eyes and mention finances, but for me the concern is whether or not I’ll even qualify for much aid at all (being upper middle class). If not, my parents will cross Gtown off the list in favor of schools that have generous merit aid.
<em>fingers crossed</em></p>
<p>DCforme: Georgetown was generous with you because you had very high stats… !</p>
<p>I’ve gotten some nice merit aid from other schools so trying to explain to my parents that GU doesn’t even give merit aid has made for interesting conversations. I think almost all of the people I’ve seen on GU’s CC threads have better than above average stats. We’re all good.</p>
<p>Gahhh, I need some hefty FA to go to Georgetown. I’m hoping it works out for the best.</p>
<p>LaVieEnChocolat: Georgetown does not give merit aid, and it does not alter the balance of aid based on stats. (Besides that, my stats were not exceptional for Gtown, let alone an unhooked Caucasian) Georgetown’s stated policy is cap work-study and loans at those numbers (or about that). Georgetown meets 100% of need.</p>
<p>This all being said, I would of course, caution that my level of need very well ma be different from yours. For me Gtown aligned pretty close with FAFSA. </p>
<p>neethus, you mentioned a lack of stats. That is odd especially seeing as college board has had them for as long as I was looking at the school. It’s likely a fluke of some sort. I did find this site which has some info (although some of i looks fishy), and you might be able to find Gtown’s CDS elsewhere: [Georgetown</a> University - Washington, District Of Columbia - Undergraduate Information](<a href=“http://www.collegeview.com/school/school_hub.jsp?scid=1100973&location=1500&referLocation=3660]Georgetown”>http://www.collegeview.com/school/school_hub.jsp?scid=1100973&location=1500&referLocation=3660)</p>
<p>Another good aspect about Gtown I forgot to mention is its approach to outside scholarships. Most schools say “great! you don’t need us anymore” and reduce their grant aid the proportionate amount. Gtown says “Thanks for helping us out, but great, you don’t need us anymore” and takes all the money off work-study and loans before it applies it to your grant package.</p>
<p>Georgetown was very generous in meeting my financial needs last year. The financial aid package that they offered me was one of my main reasons to decide to attend the college. Though given the current economic state, I don’t know how much I’ll be getting this upcoming year. It’s funny how my mom half-joked that colleges usually give out more for the first-years to lure them over and gradually decrease the amount of aid… I hope that’s not true. =/</p>
<p>D has not heard yet but if they don’t give merit aid but meet 100%…we have a high EFC…would it be worth 40,000 of our $$ (not cash in the bank,mind you…thats what would be left for us to pay somehow) totalling 160,000 and probably more with rising costs…just to go to G’town?</p>
<p>Would Georgetown notify you if any financial aid stuff is missing?</p>
<p>
And that is a very good question. I read on another message board how one college’s (not G’town’s) financial aid package for one student was quite different (worse) the second year than it was the first year. (And no, the numbers put in by the parents weren’t very different at all.) It’s been suggested that parents ask that question, but unless it’s in writing (and even if it is), it could always change, particularly in today’s economy. Colleges say that financial aid is the last thing they want to cut, but it could happen. </p>
<p>Would you please come back to this message board and tell us how your second-year financial package compares to the one you were awarded for your first year, Rainlotte?</p>
<p>Thanks.</p>
<p>Have any EAers recieved their financial aid package?</p>
<p>No, we get them we you guys (RDers) receive your letter, so like March 28th-April 1st.</p>
<p>“Both work study and loans are capped at $3,000 each as part of the package,”</p>
<p>WOW, i would love that. is that really true?? because when i discussed this with my interviewer, he said to not expect a stellar financial aid package…</p>
<p>“Both work study and loans are capped at $3,000 each as part of the package,”</p>
<p>Not exactly. See the following page for information on loan caps: [Georgetown</a> University :: Office of Student Financial Services](<a href=“http://finaid.georgetown.edu/stlim.htm]Georgetown”>http://finaid.georgetown.edu/stlim.htm)</p>
<p>
Then I guess they only want the kids who don’t need any financial aid at the EA Admitted Students weekend next weekend!</p>
<p>I think it is poor planning to hold any Admitted Students days before financial aid packages go out. S has a conflict next weekend, so couldn’t attend anyway, but if he didn’t have a conflict we wouldn’t have let him go without knowing the financial aid package. </p>
<p>G’town is at the top of my son’s list. Good thing he has some other great colleges in the wings if G’town doesn’t come through with the financial aid we need!</p>
<p>Re loan limits – I thought I remembered being told at G’town’s info session last summer that loans are capped at $4000/year – not what the chart linked to in the post above states!</p>
<p>I’m not sure I understand… why wouldn’t you let your kid go to an accepted students weekend without knowing their financial aid package? Even if s(he) ends up not being able to go because the aid’s not enough, the experience would still be worthwhile in terms of comparing schools? Or do you mean it would be too expensive to go to an accepted students weekend without knowing if you can afford the school yet?</p>
<p>I can see not going w/o not knowing…why waste the time and $$ if it is not a possibility? I wouldn’t go either…April is busy enough without spending all that time for potentially nothing. I think colleges owe it to students and parents to get the decisions both academic and financial out a little earlier…if they want a May 1 deadline on their return.</p>