2020-2021
Undergraduate Financial Planning and Expenses

The Office of Student Financial Planning exists to help students who would be unable to attend Georgetown College without financial assistance. A student’s financial assistance award is designed to supplement the contributions of the student and family. Financial assistance comes in a combination of scholarships, grants, loans, or work opportunities. Typically, students will receive more than one type of assistance. Though awards are made each year on the basis of academic promise and ability alone, most financial assistance is dependent on the eligibility of the individual family.

Freshmen and transfer students who have been admitted, have filed the Free Application for Federal Student Aid (FAFSA) in a timely manner, and whose Student Aid Reports are received will be awarded on a first-come, first-served basis. A student who receives financial assistance is responsible for refiling a FAFSA each year. All institutional aid is available for a maximum of eight semesters of enrollment. Assistance is renewed on the basis of the past year’s academic record and current eligibility. Even those who do not qualify for need- based aid may qualify for academic and/or other non-need scholarships, thanks to the generous donations of various individuals and organizations.

How To Apply

All students are encouraged to complete the Free Application for Federal Student Aid (FAFSA). Eligibility is determined through a national processor which considers a family’s income, assets, number of children, retirement needs, and other expenses. The family financial resources available, based on the information supplied on the FAFSA, are subtracted from the cost of education to arrive at the family’s eligibility for need-based assistance.

The FAFSA should be completed as soon after October 1 as possible. Georgetown College is approved by the Kentucky Approving Agency for Veterans Education to provide education for Veterans, National Guardsmen, selected Reservists, and other eligible persons (dependents of deceased and disabled veterans).

How To Receive Assistance

Applicants receive an award letter listing the types of assistance they are eligible to receive. By checking acceptance of each type of assistance, signing, and returning the award letter to the Student Financial Planning Office, the account will be credited for the amount of the award. EXCEPTIONS: Aid amounts marked as estimates will not be credited until paperwork is complete or funds are received from the lender/agency. If work-study is part of the aid package, this amount will not be a credit on your account. This is an award that must be earned and is paid to a student recipient via payroll. All Georgetown aid is based on full-time, residential status. If you drop below full-time or are granted a waiver to live off campus, your aid will be adjusted accordingly. Institutional aid is reduced by 25 percent for students who live off campus. All college aid is limited to four years (eight semesters).

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