Not far from the Potomac River, you’ll find a few thousand Hoyas wandering the stately Georgetown campus, many likely clad in blue and gray. Whether you’re joining the top-ranked International Relations program, the School of Medicine, or one of the seven other schools, how you’ll pay for Georgetown should be top of mind as you plan for your next few years.
How much does it cost to attend Georgetown?
Annual tuition for Georgetown undergraduates is around $50,000 and estimated living expenses bring that number up to nearly $66,000. Unlike some other schools that estimate undergraduate living expenses to be around $20,000 per year, these additional attendance costs are a few thousand dollars lower at Georgetown, with that number closer to $15,000.
Georgetown Law tuition was $54,114 in the 2015-2016 academic year, and with all expenses in that total annual cost is estimated more than $80,000. Business and medical students will pay just above these numbers. Keep in mind that the total cost of your program will depend on how many years it lasts; while Georgetown McDonough costs about the same as other graduate programs, students of this program will only be there for two years, as opposed to three or four years for the law or medical school.
What kind of financial aid does Georgetown offer?
Georgetown offers a variety of different scholarships to undergraduates, including the 1789 Scholarship (named in honor of Georgetown’s founding year and it’s awarded based on admissions application). There is also the Georgetown Scholarship Program, which not only provides scholarship funds, but also connects students to Georgetown alumni, administrators, and other current students. Other types of aid for undergraduates at Georgetown include athletic grants, scholarships for residents of the District of Columbia, and many other individual scholarships specific to the students’ chosen path of study.
In addition to need-based financial aid, Georgetown McDonough business students should research whether they’re eligible for a number of other scholarships, such as the Toigo MBA Fellowship, awarded to minorities planning to pursue a career in finance, or the Hariri Scholarship, specifically for students dedicated to sustainable human development in Lebanon. There are also some scholarships available to those returning from military duty, as well as Peace Corp volunteers interested in pursuing an MBA.
Georgetown Law students are also considered for need-based aid, as well as merit scholarships. Medical students at Georgetown will be considered for institutional scholarships and subsidized loans, both of which are awarded based on financial need. The medical school also provides links to external scholarships that students can consider when applying for admission.
What kinds of extras should I expect to pay for at Georgetown?
Greek life is not endorsed by Georgetown but does exist on a small scale. If you do plan to participate, make sure to account for the hundreds to thousands of dollars you’ll spend to be part of a fraternity or sorority.
You might be disappointed to find out that having a car at Georgetown is tough due to restricted parking. The university recommends that even visitors use alternate forms of transportation, not to mention students. The silver lining of this, however, is saving money on car payments, insurance, and parking fees.
Lastly, if you come from a mild climate, factor in a shopping budget, as D.C. will give you the full spectrum from snow to hot and humid. You’ll want to be comfortable during your time at Georgetown, so make sure to either bring with you or plan to purchase the appropriate clothes for every season.
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