<p>I haven't seen a lot of specific packages, but people often imply on CC that Georgetown doesn't give very much financial aid, often grouping it with colleges like NYU that are famous for bad fin ad. How much of that is a fallacy? Georgetown gives mostly need-based, right? For example, I come from a working-class family near Cleveland. Our family income is about $40,000. Will I get any aid?</p>
<p>You definitely will, it just won't be like HYP where your education would basically be free. </p>
<p>It's a consequence of the fact that Georgetown's endowment sucks. I'd say it's probably more comparable to Brown than NYU, however.</p>
<p>It covers 100% of need based aid. I got a fairly decent amount (about half tuition) which was very generous considering the value of real estate in California has quadrupled.</p>
<p>My own package was about the same-in fact a little better- than the handful of other schools I applied to who gave a tens of thousands in merit aid.</p>
<p>My income is about the same as the opening poster. The financial aid package that they offered, and that I decided to accept, was about $38,000 in need based scholarships, $4,000 in grants, with the rest composed of family contribution and loans. </p>
<p>So if that package is offered to me every year then I will leave G'Town with only about a $20,000 debt and that is not even factoring in the private scholarships that I have won. They do not deduct that money from the $42,000 that they are giving me, but instead from my contribution (the 5K a year).</p>
<p>Overall, I do believe that Georgetown wants it to be possible for every student that they accept to attend. If your family demonstrates need, they will work with you to ensure that you are on the campus the following semester. :) </p>
<p>Just do not forget to submit the financial aid application with the CSS Profile and the FAFSA as soon as they are available. You can even use this years tax information to fill them out as long as it didn't change too drastically. Then when you are finished next years tax returns, send them a copy for verification and you are done!!!<- this is assuming that you are applying next year.</p>
<p>Georgetown gave me about $29,000 in the form of an NHS scholarship, $3000 in work study and I believe about $2600 in the form of a Stafford Loan. Our EFC is ~$12,000 which isn't bad at all considering I could go to a state school for the same amount. Although some of my other top choices expected less of an EFC (Boston U and Cornell), we decided to pay the extra. Graduating from Georgetown, I will have studied (or atleast had the option of) studying International Health, living in D.C, AND graduating with three semesters worth of internship/work experience, something i feel is worth the investment.</p>
<p>However, I have heard horror stories of terrible financial aid from Georgetown. At GAAP, my mother went to their financial aid session for parents and she told me that many of the parents left in sticker shock. She told me that one parent asked if the school was willing to negotiate in terms of fin aid packages and the answer was something along the lines of "we will in extreme circumstances" which might translate as "No".</p>
<p>ahhh no! i just got in as a transfer and i really want to go! they only gave me a 3500 stafford loan, which leaves me 4000 short of what i need to go there. wellesley gave me a 3500 dollar grant and barnard gave me a 2000 dollar work study, you guys don't think georgetown will match that at all? I will CRY if i can't go there by 4000 dollars.</p>
<p>are you willing to take out loans? right now student loans have low interest rates..so that's always an option</p>
<p>i would in a heartbeat but my parents won't co-sign for them since we have to mortgage our house next year</p>
<p>i believe that some companies will allow you to take out a loan without a co-signer but they'll charge you higher interest rates</p>
<p>at Stanford, Yale, Harvard and a few other schools, you would be completely free. </p>
<p>But Georgetown doesnt have the money to do that so you will get $$ but prob not a free ride.</p>