Common Questions for SCS
Am I eligible for financial aid if I am an international student (students who are neither a US Citizen or an eligible Non-Citizen)?
International students may be eligible to apply for a private educational loan. Often times international students may require a US co-signer to obtain credit approval.
What is a memo credit on a billing statement?
A memo credit reduces the amount you would otherwise have to pay Georgetown. The University offers this benefit to students who are waiting for financial aid funds to disburse to the student account.
How do I access the refund of my financial aid?
Financial Aid refunds 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.
Will my eligibility for financial aid change if I change my enrollment status?
Yes. If you withdraw from Georgetown or change the number of credit hours in which you are enrolled, your cost of attendance will be recalculated using actual reduced tuition costs and your eligibility could change. Before you make any changes in your enrollment, you should contact your financial aid counselor to discuss how it may affect your eligibility for financial aid.
You must be enrolled in at least a half-time status as determined by the University Registrar to be eligible for financial aid assistance.
Why is the amount of aid that disbursed to my student account less than the amount of aid I accepted?
Prior to disbursing funds to a student’s account, the lender deducts the loan origination fee.
What is the difference between the OSFS Office and the Office of Revenue and Receivables?
The two offices have separate administrative functions. The Office of Student Financial Services (OSFS) determines eligibility for loans. OSFS also disburses payments to eligible students. The Office of Revenue and Receivables oversees billing, payment processing, refunds, and IRS Form 1098-T generation for students of Georgetown University.
What is the definition of Academic Engagement?
Academic engagement involves active participation in an academic program and includes, but is not limited to: Attending a synchronous class, lecture or activity where there is an opportunity for interaction between the instructor and students; submitting an academic assignment; taking an assessment or an exam; participating in an interactive tutorial, webinar, or other interactive computer-assisted instruction; participating in a study group, group project, or an online discussion that is assigned by the institution; or interacting with an instructor about academic matters; and Does not include, for example: Living in institutional housing; participating in the institution’s meal plan; logging into an online class without any further participation; or participating in academic counseling or advisement.