Next Steps After Receiving Your Financial Aid Award Undergraduate

Step 1: Review Your Award in GU Experience

Your financial aid award will be available for review in GU Experience under the “Financial Services” tab, where you can accept, reduce, or decline components of your financial aid award. Financial aid that stays in an “offered” status will not appear on your billing statement.

Step 2: Report Your Outside Scholarships & Resources

Outside scholarships and resources include private scholarships, tuition benefits, veteran benefits, and other types of financial resources (excludes educational savings plan).

Under federal law and university policy, we must consider these resources and may be required to revise your financial aid award. You should contact your representative in the OSFS to discuss how your outside scholarship will impact your aid.

Under NCAA rules, student-athletes must report all external awards and the criteria in which the student-athlete was considered for the award. If athletic participation is any component of the criteria or selection process, the external award will count against the student-athlete’s team limits. A student-athlete’s ability to accept the external award will be determined on a case-by-case basis.

You must report all outside scholarships through GU Experience by going to “Award Information,” then to “Resources/Additional Information.” You can view this step-by-step guide for more details. Our office also provides information to assist you in searching for outside scholarships.

If you wish to request verification of need, enrollment, or cost of attendance, you can write to the attention of the assistant director for External Scholarship Programs in the OSFS or fax to the assistant director’s attention at (202) 687.6542.

If your scholarship is being sent to Georgetown, please note this in the comments section in GU Experience and use this address:

Office of Student Financial Services
Georgetown University
White Gravenor Building, Lower Level
3700 O St N.W., Box 571252
Washington, D.C. 20057

If you need an official invoice from the university for your outside award to be disbursed, you must send a written request to the Office of Revenue and Receivables. The office will then bill your sponsor.

Step 3: Complete Your Student Loan Requirements

If you have accepted your Federal Direct Loans in GU Experience and are a first-time borrower at Georgetown, you will need to complete the following loan requirements:

  1. Entrance Counseling
  2. Loan Agreement for a Subsidized/Unsubsidized Loan (MPN)
Interest Rates and Loan Fees
Subsidized Federal Direct LoanUnsubsidized Federal Direct Loan
Interest Rate4.53%4.53%
Origination Fee1.059%1.059%
Grace Period6 month6 month
Does Accrue While Enrolled?NoYes

Step 4: Review Your Bill

You can view your bill by clicking “Student Account Services” after logging into GU Experience. If you have any questions about paying your bill, setting up a payment plan, or accessing your refund, contact the Office of Revenue and Receivables.

You will be notified by email when a billing statement has been issued. Bills are generally issued in mid-June and mid-November. If you accepted your financial aid in GU Experience those amounts will appear on your billing statement as memo credits until actual funds are disbursed and it will reduce the amount that you must pay.

If the amount of financial aid you received is greater than the charges on your bill, you may be eligible for a refund. For information on how to set up a refund profile and request a refund, refer to the Office of Billing and Payment Services’ website.

Step 5: Waive or Accept Your Student Health Insurance

If you are enrolled full-time, Georgetown requires you to have adequate health insurance. The Georgetown University Premier Plan will be automatically charged to your fall billing statement. You must complete the Student Health Insurance Survey and, if you have adequate coverage, the charge will be removed from your bill. Please note that the cost of the health insurance plan is not included in your initial financial aid award. If you enroll in the Georgetown University Premier Plan, and you need assistance covering the charges, contact your financial aid counselor.

Step 6: Seek On/Off-Campus Employment

You can help support your education and gain valuable work experience by working part-time during the academic year and full time during the summer. Most students are able to work on-campus. If your financial aid award includes Federal Work-study, more job opportunities may be available to you.

You will receive bi-weekly paychecks for the amount earned during each two-week pay period. You are not required to earn the full amount of your Federal Work-study award nor will it appear on your billing statement.

Learn more about working at Georgetown and the opportunities available to you.