Student loans are a vital component of the financial aid package. The Georgetown loan program is designed for undergraduate transfer students who have financial need.
In a typical, two-semester academic year, the Georgetown Loan will be disbursed in two installments. Funds are not disbursed more than 10 days prior to the first day of class.
Eligibility: Undergraduate transfer students who are enrolled at least half-time, demonstrate financial need, and are not in default on a federal loan may be eligible for the Georgetown Loan. Funding is limited, and eligibility is determined from information on the Free Application for Federal Student Aid (FAFSA) and by institutional policies.
Entrance Counseling, Truth in Lending, and MPN: You must complete entrance counseling, Truth in Lending Disclosures, and the Promissory Note each year before funds are disbursed. You will be notified of by email when these documents become available.
Exit Counseling: You must complete exit counseling when you drop below half-time status, take a leave of absence, withdraw, or graduate. You will also be notified of this by email.
- Maximum Loan Amount
Undergraduate Transfer Students: $3,000 annually
- Loan Information
Interest Rate: 5%
Grace Period: 6 months
Repayment Period: 10 years
Does interest accrue when enrolled: No