Eligibility for Federal Need-Based Aid
Federal Aid Available
Financial aid is available to help students meet educational costs for graduate study from several federal student loan and employment programs, often referred to as "Title IV" assistance. These programs include the Federal Direct Subsidized / Unsubsidized Loan and Perkins Loan programs, and the Federal Work-Study program. Eligibility for these programs is dependent on demonstrated financial need.
Who Is Eligible
To receive federal financial aid you must meet the following criteria:
If the cost of attending Georgetown University is greater than your expected contribution from income and assets plus other resources, you may be eligible for need-based financial aid.
Your expected contribution toward educational expenses is calculated using a formula that is mandated in law by the U.S. Congress.
The federal need analysis formula evaluates net income, some net assets (the value of home equity is not considered to be an available asset in the federal need analysis formula), number of dependents you support (if applicable), number of family members in college (including your spouse if applicable), and other relevant factors that may affect your ability to contribute towards educational expenses.
As a result of the 1992 reauthorization of the Higher Education Act of 1965, all graduate students are considered independent from their parents for purposes of federal aid eligibility.
By federal law, if you will receive benefits from government agencies like the Veterans Administration or the Bureau of Indian Affairs, those amounts must be included as part of your expected contribution.
Other Resources. If you will have other resources to pay for graduate school such as a state or privately sponsored scholarship, or a merit-based scholarship, assistantship, or fellowship from Georgetown University, these must be considered in determining your eligibility for federal financial aid. While it is possible for you to receive both, the Office of Student Financial Services must consider any awards you receive from the University Graduate School or any other sponsor as an available resource when making federal need-based awards.