by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to George Washington University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financing options does GWU offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from George Washington University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at George Washington University, 80% of entering full-time freshmen got some type of financial assistance some 2018 first-years).Type of Aid % of Freshmen Receiving Average Amount Grant or scholarship aid (all sources) 78% $37,500 Institutional grants & scholarships 78% $35,915 Federal Pell grants 17% $5,751 State/local grants 0% $2,500 Federal student loans 34% $5,192
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 67% of undergraduates were awarded an average grant or scholarship of $37,813 (across roughly 7588 students).Award % of Undergrads Receiving Average Amount Grant or scholarship aid (all sources) 67% $37,813 Federal Pell grants 16% $5,652 Federal student loans 32% $6,438
For students living on campus and receiving title-IV aid, grants averaged $47,270.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.Family Income Average Net Price $0 – $48,000 $19,900 $30,001 – $75,000 $20,321 Over $75,000 $48,474
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.Cohort Average Net Price On-campus title-IV students $36,586 Off-campus title-IV students $37,454
For a personalized estimate based on your family’s financial situation, use GWU’s online cost calculator: financialaid.gwu.edu/net-price-calculator.
The median student at GWU graduates with $19,500 in federal loans.Metric Amount Median federal debt (all student-aid borrowers) $19,500 Median federal debt (graduates only) $20,449 Typical 10-year monthly payment (graduates) $216.79/mo
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at GWU.Percentile Cumulative Federal Debt 10th percentile (lowest-debt students) $5,500 25th percentile $12,000 75th percentile $29,400 90th percentile (highest-debt students) $34,900
Median debt varies by family income, by first-generation status, and by dependency status.
By Family IncomeIncome tier Median federal debt Low income $19,500 Middle income $20,000 High income $19,500
By First-Generation StatusCohort Median federal debt First-generation students $19,500 Continuing-generation students $19,500
By Dependency StatusCohort Median federal debt Dependent students $19,500 Independent students $18,750
A handful of calculated indicators summarize the debt outlook at GWU.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at GWU:Metric Value Stafford loan recipients 61010 Total Stafford loan amount $2,249,641,024
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipientsMetric Value GI Bill recipients 862 Total GI Bill amount $19,053,075 Average GI Bill amount per recipient $22,103
DoD program volumeMetric Value DoD Tuition Assistance recipients 101 Total DoD amount $167,348 Average DoD amount per recipient $1,657
References
More about our data sources and methodologies.