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If you have been awarded financial aid then most of the awards will appear on your bill as either "received/paid" or "estimated". If you believe you should have more aid appearing on your bill than you do, please call the Office of Student Financial Services at 202 687 4547 to schedule an appointment with your aid officer. If you have not yet applied for financial aid and are considering doing so, please visit the OSFS website for more information. If you apply for financial aid late and are awarded aid after the payment due date, already assessed service charges will not be forgiven.
Estimated Aid: Some awards may appear as "estimated" if additional actions by you or the sponsor of your aid are required before the funds can be disbursed to your student billing account. "Estimated" awards reduce the amount you must pay by payment deadline, but proceeds will not be credited in full to your billing account until all requirements for disbursement have been met. Examples of typical disbursement requirements include completion of a loan application and entrance counseling for federal student loans, or confirmation of enrollment, grades, or financial need for state and outside grants. If your actual and "estimated" financial aid do not cover the total costs on your bill then you must pay the difference or request a deferment by the payment due date, otherwise you are subject to late fees and service charges.
Work-Study: Expected earnings from employment through any Work-Study program will not appear as credits against the balance due on your bill. You may not subtract these expected resources when computing the amount you must pay or defer by the payment due date. Work-study funds will be paid directly to you as earned.
Outside Grants & Scholarships: If you will receive an outside grant or scholarship you must reportthe type and the amount to the Financial Aid Office (OSFS). Under federal law Georgetown must consider these payments as resources that help meet your financial need.Unless otherwise specified by the sponsor, payments are applied to student billing accounts with the disbursements split 50/50 evenly between the Fall and Spring semesters. (For example, if the outside grant is for $1,000 we will apply $500 to the Fall bill and $500 to the Spring bill even if we receive the entire $1,000 in the Fall). We follow this procedure because most sponsors request that we manage their funds as such and because federal regulations require that we do so for those students receiving need-based financial aid. Should a student request that the funds be applied in any other manner, we will review the student’s request to see if such requested disbursement(s) can be made in accordance with both the sponsor’s requirements and federal regulations. If your proceeds are sent directly to you or to GU Student Accounts you must notify the OSFS so that estimated credits for these funds can be removed from your student billing account. If your sponsor requires verification of financial need or enrollment, the OSFS can assist with this certification. Send requests to the Grant & Scholarship Program Coordinator in the GU Office of Student Financial Services, Room G-19 Healy Hall, Georgetown Box 571252 or fax to 202 687 6542. |
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