Post Tagged with: "financial aid"

Housing Guarantee, Eligibility Clarified

The university announced a four-year on-campus housing guarantee for students with high financial need this fall, in a move that is expected to help around 150 seniors with high financial need. Included in the announcement were other housing eligibility changes related to the three-year on-campus housing requirement that will be[Read More…]

by October 3, 2014 0 comments Campus News, News, News - Top

Loan Reforms Extend Eligibility

President Obama expanded the federal “Pay As You Earn” program for federal student loan borrowers through executive order this summer, allowing those with loans borrowed before 2007 to be eligible. Under PAYE, monthly payments on student loans will be capped at 10 percent of the borrower’s income, and the balance[Read More…]

by September 9, 2014 0 comments City News, News, News - Top

Senior Housing Certainty

Although Georgetown has long boasted that it meets 100 percent of students’ demonstrated financial need, this aid still came into question for some seniors. Because housing eligibility is not guaranteed for seniors, some students have gone months without knowing where they are going to live, or if their financial aid will[Read More…]

by August 29, 2014 0 comments Editorial, Opinion, Opinion - Top

GU Bucks Tuition Trends

Although college tuitions continue to skyrocket nationwide, the rate at which average college fees rose this year was the lowest in 30 years, the College Board reported Oct. 23. Georgetown, however, diverged from this trend. Tuition rose 3 percent, 3.5 percent and 4.5 percent in 2011, 2012 and 2013, respectively.[Read More…]

by December 6, 2013 0 comments News
GWU Cited for ‘Need Blind’ Deceit

GWU Cited for ‘Need Blind’ Deceit

After news broke earlier this week that The George Washington University had misrepresented its admissions policy as need-blind, GWU responded that it is not able to cover all need because of its relatively small endowment of $1.375 billion. Despite Georgetown’s smaller endowment of $1.286 billion, university officials maintained that financial background never[Read More…]

by October 25, 2013 0 comments City News, News

Obama Proposes Financial Aid Reform

In order to increase college affordability, President Barack Obama announced a proposal to reform the allocation of federal financial aid Aug. 22. Obama’s proposal calls for student aid to be based on the value of a college education as determined by a new ranking system. The new college-ranking system, which[Read More…]

by August 27, 2013 0 comments City News, News

Student Loan Interest Rates Double

Interest rates on federally subsidized student loans doubled from 3.4 percent to 6.8 percent Monday after Congress failed to come to an agreement before the July 1 deadline. The increased rate for subsidized Stafford loans, available to undergraduates with demonstrated financial need, came after  a one-year extension of current rates[Read More…]

by July 1, 2013 0 comments City News, News

FAFSA Changes Reporting Guidelines for Parents

The 2014-2015 Free Application for Federal Student Aid will include non-gender-specific options for financial aid applicants to describe their parents’ income and general information, regardless of gender or marital status, the U.S. Department of Education announced Monday. Students will be able to describe their parents with terms such as “stepparent”[Read More…]

by April 29, 2013 0 comments City News, News

Georgetown Questions Online College Cost Tool

After the federal government unveiled an online cost comparison tool to help families manage the expenses of college education last week, the tool has drawn criticism from colleges for misrepresenting the amount of debt students are likely to incur. The Financial Aid Comparison Shopper, which was released as a beta[Read More…]

by April 20, 2013 0 comments News

Administrators Dispute College Scorecard’s Ranking on GU Financial Aid

While Georgetown officials say that President Obama’s College Scorecard system, announced in his Feb. 12 State of the Union speech, is a commendable effort to help parents and high school students make informed financial comparisons of colleges nationwide, the system fails to take into account intricacies of Georgetown’s financial aid[Read More…]

by March 5, 2013 0 comments News