Board Of Directors Approves Record Increase To Financial Aid At Winter Meeting

Georgetown DC

22 February, 2021

12:08 PM

Description

Press release from Georgetown University: February 16, 2021 With the continuing effects of the COVID-19 pandemic in mind, Georgetown's board of directors reviewed measures that will strengthen the university's competitiveness, maintain its financial stability and continue its commitment to the broadest possible access to a Georgetown education. The fiscal year 2022 financial plan will continue renovations of student housing and invest in a record increase in financial aid. Financial aid is expected to rise to nearly $235 million for fiscal year 2022. One of only a handful of colleges and universities that maintains need-blind, full-need admission and financial aid policies for its undergraduates, Georgetown meets the full need of eligible students – regardless of their ability to pay – through a combination of grants, work-study and loans. Tuition Rates The board also considered and approved new tuition rates for the 2021-2022 academic year at both the undergraduate and graduate levels on the Main and Medical campuses. "With this planned return to a new normal state, involving more physical presence on the Hilltop campus, we have attempted to keep any tuition increase to the minimum necessary to cover our costs," says Georgetown Provost Robert Groves. Undergraduate tuition will be $59,784 for the 2021-2022 academic year. The total cost of attendance – including room and board – will increase approximately 4% for returning students. (This does not apply to the Bachelor of Arts in Liberal Studies Program in the School of Continuing Studies.) The vast majority of 2021-2022 graduate tuition rates will increase by 2.9% over the academic year 2020-2021 – a significantly lower increase than previous years. For more information visit the fiscal year 2022 tuition and fee schedule. The tuition rates are based on the assumption that the fall 2021 semester will involve the return of residential undergraduate students to campus and the planned holding of in-person undergraduate and graduate classes. However, these plans could change depending on public health guidance and DC government approval. This press release was produced by Georgetown University.The views expressed here are the author's own.