I get $0 from FAFSA and I would say that my family is middle to upper middle class. However, $67K/year for college is ridiculous and there’s no way my parents would pay for it! Would I receive any kind of need-based aid from Georgetown or would I just have to take loans?
I heard that merit scholarships from Georgetown are rare and don’t cover much, so I’m banking on need-based aid.
Thanks
run the net price calculator. fafsa is meaningless unless you’re low income. merit is very rare.
Most higher end private schools barely use the FAFSA, except for Pell Grant students. The CSS Profile is what matters, which should be reflected in the school’s Net Price calculator. So Iz57c4 is correct.
Gtown runs higher that the FAFSA. Loans are used. Plus no dollar stores. No dollar menus. Add another $2000 for recreation. The various colleges’ claims of 100% need met varies significantly!
There is a net price calculator on the Georgetown website, probably on the financial aid page. All colleges have them. Have your parents help you run it to see what need-based aid you can expect.
You wanna go to Georgetown and get aid, you read the Georgetown financial aid web pages and run the NPC. Same for all colleges.
Georgetown will meet your full need, but you will be loaded up with loans and work-study. Parental contributions are also higher than most Ivy League universities.
Georgetown loans on the NPC look lower than most other schools and their financial aid on the NPC looks pretty good.
My username says it all. We live in a normal house and live a normal middle-class lifestyle. We got no financial aid whatsoever. Georgetown is expensive and, in my opinion, unless you are a minority from a very poor background, financial aid is sparse. If your parents aren’t paying for GT, I suggest looking at state schools. Sorry.
Georgetown is expensive and, in my opinion, unless you are a minority from a very poor background, financial aid is sparse.
Race is not, nor has it ever been, a consideration in calculating someone’s demonstrated financial need.
Race is not, nor has it ever been, a consideration in calculating someone’s demonstrated financial need.
You are absolutely correct and I did not mean to imply anything negative from that statement. My statement would have been more accurate just stating “unless you are from a very poor background.” Fortunately, Georgetown focuses a portion of their recruitment efforts on attracting bright students from disadvantaged backgrounds. Sorry for the offense if any was taken.
very sorry to say that my daughter is at gtown and knows of no one who receives merit-based assistance. and they do openly talk about this amongst themselves.
No offense taken, @MoneyGoesToGTown. Just want to make sure people understand that fact.
For all intents and purposes, there is no academic merit aid at Georgetown. This is intentional. Even those scholarships that have an academic aspect to their requirements for eligibility (e.g. http://finaid.georgetown.edu/page/1242673128370.html and http://finaid.georgetown.edu/page/1242672861745.html) also have financial need as a requirement.
The only exception I’m aware of is a one-time $1,000 award if you graduate at or near the top of your class at a Jesuit high school (http://finaid.georgetown.edu/page/1242672856127.html). Everything else has a need requirement.
@MoneyGoesToGTown Your income must be quite higher than “normal middle class” for no aid at all. I’ve done NPCs for me at truly middle class and we would pay around 1/4 the actual cost of attendance. The loan amount in the NPC was very manageable too. Of course this is a NPC and your kid is actually in college, but middle class families should definitely get something.
With regard to aid, my parents pull in just under $200000/yr and I got a decent amount in Georgetown need based grants. I actually was given more, but outside scholarships diminish the amount of “free” money Georgetown gives you.
class0f2017, Some students on this site view their parents’ income of 500K or greater as “middle class” or begrudgingly “upper middle class” because they live in houses worth several million dollars and taxes are high. Yes, It is expensive to live in the most expensive places on the planet but there are alternatives. There are so many advantages of living in the wealthiest communities in the world but there are some drawbacks. The public schools are usually excellent. A drawback is that it is expensive to live in those places so discretionary cash may be tight. Since many home owners in those communities have millions in equity in their homes, taking out a mortgage might be necessary if they want their kids to go to an expensive school and don’t want to liquidate their stocks and other investments. Unfortunately sometimes those student begrudge need based aid given to students whose parents make $65K a year and have no investments or equity in their homes.
@lostaccount I understand that cost of living can significantly vary, but that is a choice. There are plenty of excellent public schools in more reasonable cost of living areas. I think its counterintuitive to live in expensive areas for the great public schools if the end goal is to get into a top college, but then you can’t afford it because you spent so much money to live in this great school district. But it is still the parents’ choice so my opinion doesn’t really matter, but I just wish people would open their eyes when it comes to financial aid and not be surprised that they’re expected to pay full because they have a multi million dollar house to pay off.
@class0f2017 Total family income would be between $100k-$150k. I don’t know about others, but I call that pretty middle class. If JoeGoe got a “decent” amount of need based grants at just under $200k, then it may be the Georgetown is improving their financial aid to compete with other schools.
You will get “aid” but a lot will be in the form of student loans. With your income, you may also be given PLUS loans. Unfortunately, Georgetown’s aid budget isn’t massive and they prioritise low income students.
@JoeGoe, did any loans go away with the outside scholarships or did the scholarships come directly off the grants?