OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

George Washington University Financial Aid and Scholarships 2022

George Washington University, which is located in Washington, DC is a private university. The foundation of George Washington University was laid down in the year 1821. The motto of the George Washington University is Latin: Deus Nobis Fiducia and its official colors are buff and blue. In addition to over 12,484 undergraduate students, GWU also boasts of over 15,330 students in its postgraduate courses, taking the total enrollment to over 27,159 (2016). To teach various courses to the students,

$6,989

Avg. Federal Grant

$6,172

Avg. Federal Loan

$226,100,141

Total Aid Awarded

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George Washington University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$226.100M

Financial Aid Official Website

https://financialaid.gwu.edu/

Notably, 77% of the students at George Washington University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $29,037,820. One can visit GWU's financial aid page at https://financialaid.gwu.edu/ for more information. At GWU, the total percentage of applicants who receive the Federal Grant stands at 16%. Meanwhile, 75% of the applicants receive the Student Grant and 75% are awarded the Institution Grant, while 15% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,501, the State Grant receivers and Institution Grant beneficiaries get $1,629 and $31,651, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,648. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $52,062 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $52,070 and $45,545, respectively. On the other hand, the average federal aid stands at $35,957 for those with an annual family income between $75,001 and $110,000, and at $23,177 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 41% of the applicants to George Washington University opt for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

Institution Grant Aid

80%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$6,989

State Grant Aid

$1,493

Institution Grant Aid

$28,463

Pell Grant

$4,541

It is important to realize what number of students get certain aids since it gives the students a smart idea on what's in store from each sort of help they are expecting. Everybody is qualified for government help the second they apply for the college through FAFSA, yet the significant point to raise is how often as well as to whom is a sure aid given.

With regards to awards, students get the chance to take up various awards; government, institutional, or state awards.

As per the records observed, 14% of the students are awarded Federal Grant Aid which adds up to at a normal of US$6,989.

Almost 13% of the students receive Pell Grants which add up to a normal of around US$4,541.

Roughly 1% of the students are eligible for state awards at a normal of around US$1,493.
80% of the students get institutional awards which add up to a normal of around US$28,463.
Almost 43% of the students opt for student loans with the average loan amount per student to be around US$7,383.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$53,048

$30,001 - $48,000

$50,691

$48,001 - $75,000

$47,528

$75,001 - $110,000

$40,236

Over $110,000

$24,317

This breakdown is done on the basis of different income categories with financial aids running from $24,317 to $53,048. The biggest financial aid summing $53,048 will be provided to the students falling under the income classification below $30,000

Students' families with incomes ranging from $30,001 - $48,000, will be offered with financial aid coming to about $50,691. Then again, families with annual income between $48,001 to $75,000, will be offered with financial aid coming to almost $47,528. Similarly, the students whose family income ranges between $75,001 to $110,000 will be eligible for a financial aid of around $40,236 whereas for the families whose annual income exceeds $110,000, they are eligible for a financial aid of upto $24,317.

Student Loans for George Washington University

Average Loan Amount Average Loan Amount received per year.

$7,383/Year

Students Taking Out Loans

43%

Loan Default Rate

1.9%

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