Title: Georgetown Commits to Large Increase Next Year in Financial Aid
The largest investment ever in financial aid and tuition rates for the next academic year are among the measures Georgetown’s board of directors approved at their winter meeting.
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Georgetown’s financial plan for Fiscal Year 2017 continues to fund investments in financial aid for eligible students, new research, programs, faculty salaries, technology and innovation, infrastructure and more.
The university’s commitment to financial aid remains strong for the next fiscal year, with funding at more than $177 million, an increase of 8 percent over this year’s budget.
Need Blind, Full-Need
Georgetown is one of only a few dozen colleges and universities that maintain need-blind, full-need admission and financial aid policies for undergraduates.
In place since the late 1970s, Georgetown’s policies meet the full need of eligible students –regardless of their ability to pay through a combination of loans, grants and work-study. Financial aid is the largest area of annual investment for the university.
Nearly 40 percent of the undergraduate student body received need-based scholarship aid in the last fiscal year.
Investments
The next fiscal year includes completion of the John R. Thompson Jr. Intercollegiate Athletics Center, funded almost entirely through philanthropy.
Construction on the new Maria & Alberto de la Cruz Gallery of Art and completion of Cooper Field, both also funded by philanthropy, are scheduled to begin this year.
Recent investment in the student experience included last year’s renovation of two buildings to create the state-of-the-art student living and learning community, The Spirit of Georgetown. And the first newly built LEED-certified residence hall – Northeast Triangle – will open this year.
Tuition
Undergraduate tuition for the academic year beginning in the fall of 2016 will be $49,968, a 4 percent increase over the last fiscal year’s $48,048.
The total cost of undergraduate tuition, fees and average room and board for the next academic year will be $65,479.
Tuition at the Graduate School of Arts and Sciences will rise 3.5 percent for the next academic year, with Georgetown Law tuition for full-time J.D. students rising by 4.2percent. Tuition at the School of Medicine will rise by 2 percent.