Frequently Asked Questions

Please review the general counseling FAQs below for further help in the application process. We have also compiled lists of frequently asked questions pertaining to: Direct Loans, scholarships, work-study and Graduate Nursing Online.

Q. What is Georgetown University's Title IV code?
Q. How and when do I apply for financial aid?
Q. How is financial aid eligibility determined?
Q. Will I receive more financial aid if I apply for admission in the early action or in the regular decision cycle?
Q. I have applied Early Action and been admitted. When will I hear about financial aid?
Q. What is the income cutoff for financial aid eligibility?
Q. Am I eligible for financial aid if I am an international student?
Q. I'm having trouble getting my forms in on time for the Feb. 1 deadline. Can I still apply
for financial aid?

Q. My parents/I will not complete their/my federal tax returns before the priority deadline for filing the Free Application for Federal Student Aid (FAFSA) and CSS PROFILE. Should I wait until their/my tax forms are finished before I complete my financial aid forms?
Q. Why must I submit a copy of my W-2 form in addition to my federal tax return?
Q. What is the IRS Data Retrieval Tool and why do I need to use it?
Q. My parents will not be claiming me as a dependent on their tax returns. Can I file my financial aid applications as an independent student?
Q. What happens if parents are divorced, separated or never married and one parent is unwilling to submit any information to the financial aid office or to contribute towards my Georgetown expenses?
Q. Should I report the total accumulated in IRA and Keogh plans on the FAFSA?
Q. Why must I verify my sibling's college enrollment?
Q. I’m wondering about the status of my application for financial aid awards or loans. What should I do?
Q. When will financial aid decisions be mailed? Will I know about the financial aid decision when I find out if I have been admitted?
Q. What is a "memo credit" on my billing statement?
Q. I’ve heard I might have a refund (a credit) from Georgetown. How do I know if I’m eligible and how do I get access to it?
Q. How do I access my refund??
Q. How Do I Set Up a Banking Profile for Direct Deposit of my Refund?
Q. When will I receive a billing statement from Georgetown and when do I have to pay?
Q. What should I do if my financial aid won't cover all of my expenses?
Q. Will my eligibility for financial aid change if I change my enrollment status?
Q. What if my family financial circumstances change after I receive my financial aid award?
Q. If I choose to live off-campus, will my financial aid be affected?
Q. Will Resident Assistant (RA) benefits change my financial aid package?
Q. Do I need to reapply for aid consideration every year?
Q. What do I do if I have questions about my billing statement or Georgetown's payment plans?
Q. What office do I contact if I have a question about my health insurance?
Q. I have a question about my housing charges. Who should I call?
Q. How do I address a question about my dining services or meal plan charges?
Q. What is the difference between Student Financial Services and Billing and Payment Services?
 

General Counseling FAQs

Q. What is Georgetown University's Title IV code?

A. Georgetown's Main Campus Title IV code to be used on the Free Application for Federal Student Aid FAFSA is 001445. The school code to be used on the CSS PROFILE form is 5244. 
 

Q. How and when do I apply for financial aid?

A. For federal student aid students must complete the FAFSA each year. To be considered for Georgetown scholarships, students must also complete the College Scholarship Services (CSS) PROFILE. Copies of parent and student federal income tax returns are also required. If your parents are divorced the Non-Custodial Application will be requested.

For more detailed instructions about applying for financial aid, please visit the Apply Now section of our website.

First-year students should submit their financial aid applications by Feb. 1 and transfer students by March 1, and continuing students by May 1.
 

Q. How is financial aid eligibility determined?

A. A Georgetown financial aid officer conducts a thorough review of each student’s financial circumstances to determine their eligibility for financial aid. This review employs formulas and guidelines that have been carefully developed and are widely used by most of the country's leading colleges.
 

Q. Will I receive more financial aid if I apply for admission in the early action or in the regular decision cycle?

A. Your financial aid award is based solely on your family's demonstrated need. Therefore, your financial aid award will be the same regardless of whether you apply early action or regular admission. 
 

Q. I have applied Early Action and been admitted. When will I hear about financial aid?

A. We send all of our financial aid packages out at the same time, which is immediately after regular admissions decisions are mailed in the spring.
 

Q. What is the income cutoff for financial aid eligibility? 

A. There is no income cutoff because income by itself is not the only consideration. We consider income, tax liability, family size, medical expenses, standard living expenses, cost of living in your area, your parents’ assets, their age and whether they have the necessary funds for retirement. While it is true that the higher your income gets, the less likely you are to qualify for need-based financial aid, you should not let income level alone discourage you from applying.

Please use our Net Price Calculator for a more specific estimate of what Georgetown might cost you and your family.  
 

Q. Am I eligible for financial aid if I am an international student?

A. Funding for international students (students who are neither U.S. citizens nor eligible non-citizens) is extremely limited. Please visit the International Students section of Apply Now for additional information and instructions.  
 

Q. I'm having trouble getting my forms in on time for the Feb. 1 deadline. Can I still apply for financial aid?

A. We ask that your application be complete by Feb. 1 (March 1 for transfer students) so that you will have a financial aid decision along with your admission decision.

We will consider your application if it is late, but please remember that under these circumstances you may not receive a notification of your financial aid award before you have to make an enrollment decision.
 

Q. My parents/I will not complete their/my federal tax returns before the priority deadline for filing the Free Application for Federal Student Aid (FAFSA) and CSS PROFILE. Should I wait until their/my tax forms are finished before I complete my financial aid forms?

A. No. You can complete the FAFSA and CSS PROFILE financial aid applications based on reasonable estimates of your family’s prior year income. However, if you are dependent, you will later need to submit copies of your parent’s or parents’ federal tax return(s) as well as your own if applicable to the Office of Student Financial Services (OSFS). This allows OSFS to verify that the information you reported on your aid applications was accurate and recalculate your eligibility if necessary.
 

Q. Why must I submit a copy of my W-2 form in addition to my federal tax return?

A. The information on W-2 forms is used to verify total tax-deferred income. 
 

Q. What is the IRS Data Retrieval Tool and why do I need to use it?

A. This is a new tool created by the Department of Education and offered through the FAFSA, with the intent of making the FAFSA easier to complete while also improving the accuracy of information being submitted. For a full description of the IRS Data Retrieval Tool and instructions on how to use it, please click here to be taken to that section of our website.
 

Q. My parents will not be claiming me as a dependent on their tax returns.  Can I file my financial aid applications as an independent student?

A. Probably not if you are an undergraduate student. To determine if you meet the federal definition of an independent student, review the questions in Step 3 of the FAFSA.

However, except in rare cases, even if you meet the federal definition of an independent student, you still must provide your parents' financial information on the FAFSA and CSS Profile to be considered for Georgetown scholarship assistance. 
 

Q. What happens if parents are divorced, separated or never married and one parent is unwilling to submit any information to the financial aid office or to contribute towards my Georgetown expenses?

A. In fairness to all, Georgetown expects that parents will pay what they can, and we must assess each parent's ability to contribute to college costs by reviewing complete financial documents from each household. Georgetown cannot award financial aid funds based only on what a parent is willing to provide.

You might explain to the parent unwilling to submit financial information that his or her information will remain confidential. Your parent should also know that providing such information no way obligates him or her to contribute to your Georgetown education.

Although we cannot increase our scholarship aid to fill the gap if a parent declines responsibility, you may be able to borrow more. If you believe your situation is special, please write us a detailed letter of explanation.
 

Q. Should I report the total accumulated in IRA and Keogh plans on the FAFSA?

A. No. You do not have to include retirement plan accumulations when totaling the value of assets. However, annual contributions are considered untaxed income and must be reported; they are discretionary payments that reflect your ability to pay for college. 
 

Q. Why must I verify my sibling's college enrollment?

A. If the siblings reported on your original aid application do not enroll at least half-time for the entire academic year in the colleges reported on the original aid application, your family's ability to contribute to your educational costs will change and your aid package must be revised.

If Georgetown needs your assistance to verify sibling enrollment, the OSFS will mail you a form that must be completed by the financial aid office of the school(s) at which your sibling(s) enrolled.
 

Q. I’m wondering about the status of my application for financial aid awards or loans. What should I do?

A. You can check the status of your financial aid application and award through MyAccess. If you have questions, you can email us or call us at (202) 687.4547.
 

Q. When will financial aid decisions be mailed? Will I know about the financial aid decision when I find out if I have been admitted?

A. If your financial aid application is complete by the Feb. 1 priority deadline you will receive your award notice within several days of your notice of admission For transfer students that have met their March 1 priority application deadline, notices will be sent during the months of April and May.

Financial aid decisions for returning students whose applications were complete by the May 1 deadline will be available for review in MyAccess beginning in late June. 
 

Q. What is a "memo credit" on my billing statement?

A. Memo credits reduce the amount that you would otherwise have to pay to Georgetown. The university offers this benefit to students with financial need who, through no fault of their own, are waiting for financial aid funds to be paid by an outside sponsor or lender. 
 

Q.I've heard I might have a refund (a credit) from Georgetown. How do I know if
I’m eligible and how do I get access to it?

A. If you have a credit on your student account, you are eligible for a refund. You will know you have a refund on your account if your account balance in your MyAccess is a negative number. 
 

Q. How do I access my refund?

A: This usually takes a few days into the Fall or Spring Semester to appear. To access that
refund (ie credit):
1. Set up your “Payment Profile” – your bank information – in MyAccess (instructions below)
2. Then go to https://myaccess.georgetown.edu/
3. Sign into MyAccess using your NetID and password
4. Once signed in, click on "Student Account”
5. Then click on "Request a Refund"
6. If you have a refundable balance, you will be given an option to "Request a Refund". Click!
Note: Refunds take 48-72 hours to process so expect to receive the funds in 3-4 days. Please
keep in mind that you will not be able to request a refund until the funds for any student loans
have been received (generally not until the first day/week of class). Be sure to check for a refund
at the beginning of EACH semester.
 

Q. How Do I Set Up a Payment Profile for Direct Deposit of my Refund?

A. Set up your Payment Profile (ie your bank account information) in your student account. This will be helpful for a number of reasons, especially if you are eligible for a refund from the university
1. Get the “routing number” for your bank account. (You may call your bank, or check
your bank’s website to get this.
2. Log in to MyAccess using your Net ID and password
3. 3. Once signed in, click on "Student Account" (the 4th option)
4. Click on "Student Account Services" (this will bring up a new window)
5. Click on "My Profiles" (on top tabs)
6. Click on "Payment Profile"
7. Use the drop box under 'Add a Payment Method' and select "Electronic Check"
8. Follow the instructions to set up the payment profile. You will need the routing number of your bank account. Call your bank, or check your bank’s website to find the routing number. 
 

Q. When will I receive a billing statement from Georgetown and when do I have to pay?

A. You will receive a billing statement for the fall semester in early July. Another billing statement for the spring semester will arrive in mid-December. These statements will arrive electronically as the University no longer issues paper bills. 

 If you have a pending source of financial aid (such as a loan or outside scholarship), those aid amounts will appear on your billing statement as estimated "memo credits" until actual funds are received. 
 

Q. What should I do if my financial aid won't cover all of my expenses?

A. Discuss your concerns with your representative in the OSFS to help you work through what financing options may be available to you.
 

Q. Will my eligibility for financial aid change if I change my enrollment status?

A. Yes, if you withdraw from Georgetown or change the number of credit hours for which you are enrolled, your eligibility could change. Before you make any changes in your enrollment, you should contact your representative in the OSFS to discuss how it may affect your eligibility for financial aid.

If you enroll less than full-time, your cost of education will be recalculated using actual reduced tuition costs. Your family contribution will not be revised, as you are expected to contribute the same amount regardless of your enrollment status.

Your eligibility for aid will be reduced because of the reduced tuition charges that resulted in less than full-time study.  You must be enrolled in at least a half-time status to be eligible for financial aid assistance.
 

Q. What if my family financial circumstances change after I receive my financial aid award?

A. You and your family are obligated to notify our office if you have a change in your family circumstances that is likely to affect your expected family contribution. These changes include an increase in income, a decrease in the number of family members in the household or supported by parents or a decrease in the number of family members attending college.

It is important to keep a copy of your completed financial aid applications as a record of what was reported. Other changes such as a loss or reduction of family income also may constitute a reason to ask us to re-evaluate an earlier award. This process requires families to submit in writing a specific explanation of their situation, including an itemization of any reduction in income.  Complete a Report of Special Circumstances form and send it to us or drop it off at our front desk.
 

Q. If I choose to live off-campus, will my financial aid be affected?

A. Financial aid is not reduced or increased when you live off-campus. Whether or not you will live on campus, the same standard room and board amounts are used to calculate your budget of annual costs.

If there is a credit balance on your student account once tuition and fee charges have been paid, you may use this credit to pay for off-campus rent and food expenses. A refund of any credit balance on your student account is obtained directly from the Office of Billing and Payment Services
 

Q. Will Resident Assistant (RA) benefits change my financial aid package?  

A. Students with RA benefits receive free room and board. Both federal law and university policy require that the value of the RA benefit be considered when determining the amount of financial aid a student is eligible to receive.

The amount used to adjust an aid package for RA benefits is equal to the room and board allowance in the standard expense budget. RA benefits will be used to reduce or eliminate your loan or student employment before any adjustment in your need-based scholarship award will be made. 
 

Q. Do I need to reapply for aid consideration every year?

A. Yes, we must reassess your need for financial aid on an annual basis because your need may change from year to year. Please complete the required financial aid applications every year. As a courtesy, over winter break Georgetown sends emails to those students who are receiving financial aid for the current year to remind them to reapply for aid.
 

Q. What do I do if I have questions about my billing statement or Georgetown's payment plans? 

A. Contact the Office of Billing and Payment Services at (202) 687.7100. 
 

Q. What office do I contact if I have a question about my health insurance?

A. All students enrolled for at least nine credits are automatically billed for health insurance unless they provide proof of other insurance. A Student Health Insurance acceptance/waiver survey must be completed online through MyAccess. Contact the Health Insurance Office at SHI@georgetown.edu or call (202) 687.4883.
 

Q. I have a question about my housing charges. Who should I call?

A. Call Housing Services at (202) 687.4560.
 

Q. How do I address a question about my dining services or meal plan charges?  

A. Call Dining Services at (202) 687.5379.
 

Q. What is the difference between Student Financial Services and Billing and Payment Services?

A. The two offices have separate administrative functions. The Office of Student Financial Services (OSFS) determines eligibility for scholarships, loans, work-study and other financial aid and college financing programs. OSFS also disburses payments to eligible students. The Office of Billing and Payment Services oversees billing, payment processing, refunds, and IRS Form 1098-T generation for students of Georgetown University.
 

Q. Where can I find information on study abroad programs?  

A. Contact the Office of Global Education http://studyabroad.georgetown.edu/.