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Georgetown College Financial Aid & Scholarships

100% Freshmen Get Financial Aid
$41,701 Average Grant & Scholarship
99% Undergrads Get Grant Aid

The majority 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 price tag of going to Georgetown College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.

Just what financial assistance solutions will Georgetown College provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out just how much financial aid will be open to you.

Importance of Georgetown College Financial Aid Info

How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Georgetown College.

Financial Aid for First-Year Students at Georgetown College

Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.

Among first-time, full-time freshmen at Georgetown College, 100% of new full-time first-years were awarded at least some aid (about 307 freshmen).

Type of Aid% of Freshmen ReceivingAverage Amount
Grant or scholarship aid (all sources)100%$41,739
Institutional grants & scholarships100%$34,494
Federal Pell grants40%$5,375
State/local grants77%$6,419
Federal student loans48%$4,763

Free Money: Grants and Scholarships at Georgetown College

The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 99% of undergrads got grants or scholarships worth on average $41,701 (for some 1183 students).

Award% of Undergrads ReceivingAverage Amount
Grant or scholarship aid (all sources)99%$41,701
Federal Pell grants35%$5,585
Federal student loans48%$6,039

On-campus students receiving title-IV aid were awarded grants averaging $42,791.

What Families Pay by Income at Georgetown College

The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.

Family IncomeAverage Net Price
$0 – $48,000$8,689
$30,001 – $75,000$9,091
Over $75,000$18,414

Remember these are net prices — what families pay after gift aid, not before.

What Students Actually Pay at Georgetown College

The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.

CohortAverage Net Price
On-campus title-IV students$14,095
Off-campus title-IV students$13,485

For a personalized estimate based on your family’s financial situation, use Georgetown College’s net price calculator: georgetowncollege.studentaidcalculator.com/survey.aspx.

What Students Owe at Georgetown College

A typical borrower at Georgetown College leaves with $13,000 in federal loans.

MetricAmount
Median federal debt (all student-aid borrowers)$13,000
Median federal debt (graduates only)$25,200
Typical 10-year monthly payment (graduates)$267.16/mo

Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.

Debt Spread by Percentile

The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Georgetown College.

PercentileCumulative Federal Debt
10th percentile (lowest-debt students)$2,750
25th percentile$5,500
75th percentile$27,000
90th percentile (highest-debt students)$34,007

Student Debt by Cohort at Georgetown College

Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.

Debt by Income Tier

Income tierMedian federal debt
Low income$11,867
Middle income$13,500
High income$14,808

First-Generation Comparison

CohortMedian federal debt
First-generation students$12,000
Continuing-generation students$15,750

Dependent vs Independent Students

CohortMedian federal debt
Dependent students$14,839
Independent students$5,280

Is the Debt Manageable?

These indicators are derived from the underlying debt data and summarize the overall picture at Georgetown College.

Federal Student Loans at Georgetown College

The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Georgetown College:

MetricValue
Stafford loan recipients6797
Total Stafford loan amount$123,469,720

Aid for Military-Affiliated Students at Georgetown College

Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.

Post-9/11 GI Bill activity

MetricValue
GI Bill recipients11
Total GI Bill amount$245,377
Average GI Bill amount per recipient$22,307

More Financial Aid Resources from Georgetown College

References

More about our data sources and methodologies.

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