OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

George Mason University Financial Aid and Scholarships 2022

It is providing industry-relevant education to the students globally. 80% of its graduate students were placed within two months after they got their degrees from the university.

Its graduation rate is 71% whereas its acceptance rate is 81%.
The student-faculty ratio is 16:1. It has an average retention rate of 88%.

Online Education at GMU

The un

George Mason University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$90.624M

Financial Aid Official Website

https://www2.gmu.edu/admissions-aid/financial-aid

For availing any of the George Mason University financial aids and scholarships, you have to fill your FAFSA and submit the necessary official transcripts. Both the graduate and the undergraduate students are eligible for availing these financial aids. The GMU federal code for FAFSA is 003749.

Scholarships

The university offers institutional scholarships to various categories of students based on their talents, skills and unique qualities.

The international students are eligible for the You Are Welcome Here scholarship program.

The continuing students can receive the following scholarships on fulfilling the criteria.

Mason Foundation Scholarships are offered from the donations of the alumni members and allies.
The departmental scholarships are provided by the different departments of study of the university itself.
GMU also stresses on nurturing the athletes of their university and grants them athletic scholarships.
The George Mason University Alumni Association offers around 5 scholarships to the students annually.
Graduate Fellowships are received by the graduate students only to facilitate their course work or research work.

You might also be eligible to receive outside scholarships .

Grants

The grants are mainly provided by the university in order to lend a helping hand to those who are in need of finances for funding their academics.

The Federal Pell grant is given by the U.S Department of Education and the amount limit varies every year. FSEOG is to meet the exceptional financial requirements of the candidates. The financial need is identified based on the EFC (Expected Family Contribution) of the candidates.

State grants such as the Virginia Commonwealth Award and the Virginia Guaranteed Assistance Program are also provided.

Few more out-state and institutional grants are also available. You might check out their page for the details on other grants that you might apply for.

Loans

The Loans can be borrowed both in your or your parents’ name. The interest on the GMU is not very high keeping in mind the affordability aspect of the candidates.

The Federal Direct Student Loans comes in two forms. One being the subsidised and the other being the unsubsidised loans. The Federal Direct Parent PLUS Loans are also provided. Another type of government loan is the Federal Direct Graduate PLUS Loan which can be applied for by only the graduate students.

Private and third-party loans are also readily available. You have the option of applying for emergency loans only during extraordinary circumstances for meeting the educational expenses.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

36%

Institution Grant Aid

33%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$4,998

State Grant Aid

$3,931

Institution Grant Aid

$8,740

Pell Grant

$4,785

When it comes to the different types of grants, the majority of the students receive the state grants about nearly 36% of them. The average amount of state grants amount to $3,931. The institutional- grants cater to 33% students with an amount of $8,740 on an average.

The Federal grants and Pell grants allow up to an amount of $4,998 and $4,785 respectively to 30% candidates.

53% students opt for a student loan and the default rate is also very less at just 2.1%. You can get an average sum of $7,922 as a student loan as per the past records. 50% candidates also receive the federal loan of $5,297 on an average.

GMU dedicates an amount of $90,624,006 as financial aid to their prospective and continuing students in order to build their career base.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,443

$30,001 - $48,000

$9,357

$48,001 - $75,000

$6,244

$75,001 - $110,000

$3,267

Over $110,000

$994

To clarify your thoughts with regards to the GMU financial aid, we also present the financial aid amount to you on the basis of your family income range. If your family income range falls somewhere under $30,000 you can access financial aid up to a value of $10,443. In case you are between the range of $30,001 and $48,000 the amount up to which you may get financial aid is approximately $9,357. For a family income bracket of $48,001 to $75,000 you can get an aid of $6,244.

Furthermore, if your income lies between $75,001 and $110,000 your financial aid goes down to $3,267. Similarly, family income ranging above $110,000 will fetch you a small amount of financial aid of about $994 only. From the following data you will also note that the amount of financial aid you receive is inversely proportional to your family income bracket.

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