$4,869

Avg. Federal Grant

$5,531

Avg. Federal Loan

$28,819,539

Total Aid Awarded

Georgetown College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$28.820M

Financial Aid Official Website

www.georgetowncollege.edu/fp/

Students can avail of scholarships provided by the college, such as Anthony Munoz Foundation Scholarship Fund, Educational Foundation of the KYCPA Scholarships, and Mary Jo Young Dual Credit Scholarship, if they find educational expenses to be on the higher side. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,415,767. For additional information about financial assistance schemes, one can head over to GC’s financial aid page at http://www.georgetowncollege.edu/fp/. At GC, the total percentage of applicants who receive the Federal Grant stands at 45%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,097, and the same stands at $4,872 for State Grant awardees and $28,110 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,717. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $32,200 on average in a year. The average aid amount stands at $31,127 for an annual family income between $30,001 and $48,000. This amount comes to $30,368 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $27,465 for those with an annual family income between $75,001 and $110,000, and at $19,454 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 72% of the applicants to Georgetown College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

66%

Institution Grant Aid

100%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,869

State Grant Aid

$4,734

Institution Grant Aid

$24,653

Pell Grant

$4,492

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,502

$30,001 - $48,000

$33,227

$48,001 - $75,000

$30,167

$75,001 - $110,000

$30,098

Over $110,000

$25,347

Student Loans for Georgetown College

Average Loan Amount Average Loan Amount received per year.

$6,288/Year

Students Taking Out Loans

77%

Loan Default Rate

6.4%

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