Determining Eligibility for Federal Financial Assistance
Your eligibility for federal financial aid is determined based on the information provided on the Free Application for Federal Student Aid (FAFSA). Federal financial aid can include low-interest loans, work study, and federal and state grants. The federal need analysis formula evaluates net income, non-home assets, number of family members, number of family members in college and other relevant factors that may affect your family's ability to contribute towards educational expenses. If the cost of attending Georgetown is greater than your expected federal family contribution, you may be eligible for federal financial aid.
Determining Eligibility for Georgetown University Assistance
Along with the FAFSA, the CSS Profile is required to determine eligibility for Georgetown University scholarship assistance. It is based on a need-analysis formula similar to the federal model but which analyzes additional factors Georgetown believes affects students’ and their families’ ability to contribute to educational expenses. In order for limited funds to be shared most equitably, the university expects that each student and his or her family will contribute to the fullest extent possible to meet educational expenses and will draw on income and all family net assets (including home equity).
To determine eligibility, Georgetown collects information about income and assets from both natural parents, even if they are separated or divorced.
Under the formula for determining eligibility for Georgetown scholarship funds, students are expected to contribute to the cost of their education by providing a mandatory minimum expected contribution from summer employment and/or savings.
Typically the minimum expected student contribution from summer employment and/or savings is $2,000 for first-year students, $2,200 for sophomores, $2,400 for juniors and $2,600 for seniors. The minimum amounts expected are reviewed annually and may change during an aid applicant's period of enrollment.
Maintaining Satisfactory Academic Progress
Effective July 1, 2011, new federal regulations require that to be eligible for assistance from any Federal Higher Education Act Title IV student aid program (Federal Pell Grant, Federal SEOG, Federal Work-Study, Federal Perkins Loan, Federal Direct Subsidized/Unsubsidized Loan, Federal PLUS Loan) a student must be making satisfactory academic progress toward his/her degree. Eligibility for GU Scholarship will also require students to adhere to this policy. Please refer to the Satisfactory Academic Policy listed below that pertains to your school or program.