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.
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.
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.
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 Student Billing and Payment Services?
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 Billing and Payment Services oversees billing, payment processing, refunds, and IRS Form 1098-T generation for students of Georgetown University.