Understanding Georgetown College Tuition and Fees

Financing a college education is a significant investment, and understanding the costs involved is crucial for students and their families. This article provides a comprehensive overview of Georgetown College's tuition, fees, financial aid options, and related expenses.

Cost of Attendance: Direct and Indirect Expenses

Georgetown College's cost of attendance (COA) encompasses both direct and indirect costs. These COA budgets are essential for the Office of Financial Planning in determining a student's financial need, which subsequently influences the amount and types of aid a student may receive. COA calculations are typically based on costs for a full-time student for a full academic year. COA budgets are recalculated when a change in enrollment status occurs.

Direct charges are those for which the student receives a bill from the college, including tuition, fees, housing, and meal plans.

Indirect expenses include the average cost of books and supplies, transportation, and personal expenses. The amounts provided are averages and may or may not reflect the exact charges or expenses you may incur.

Tuition and Fees

Georgetown College's tuition is $43,677, which is cheaper than the national average cost of tuition of $50,159. This figure is the "sticker price," inclusive of fees that support various campus services such as library access, gym facilities, student centers, technology resources, and health centers.

For a full-time student taking 12-18 semester hours, the tuition is $21,339 per semester. Additional credits above 18 hours are charged at $599 per hour. Part-time tuition, for up to 11 hours, costs $1,706 per hour. A single course is priced at $1,280 per hour. A comprehensive fee of $500 covers concerts, lectures, athletic events, and a subscription to The Georgetonian. Note that part time tuition rates reflect all fees included in tuition.

Other Costs

Beyond tuition and fees, students should budget for additional expenses:

Books and Supplies: \$1,300 per year
Personal Expenses: \$1,800 per year
Transportation: \$1,102 per year

At Georgetown College, the total cost, including sticker price, food and housing, books and supplies, transportation, and personal expenses, amounts to $58,219.

Housing and Meal Plans

Housing options and associated costs per semester include:

Residence Hall Dual Occupancy: \$2,705
Private Room: \$4,100
East Campus Apartment Dual Occupancy: \$3,250
East Campus Apartment Single Occupancy: \$3,925
East Campus Townhouse Dual Occupancy: \$3,925
East Campus Townhouse Single Occupancy: \$4,900
Rucker Village/Hambrick Village Dual Occupancy: \$3,200
Rucker Village/Hambrick Village Single Occupancy: \$3,950

Students also need to consider meal plan options:

6 Day Meal Plan: \$3,263 per semester (required for all students except East Campus residents and commuters), designed for students on Main Campus who like to eat three full meals per day, Sunday-Friday. Students can use meal swipes for breakfast, lunch, and dinner in the dining hall Sunday-Friday. On Saturdays, students must use dining dollars instead of swipes. It is an all-you-care to eat meal plan and includes \$225 of Flex Dollars for use in the dining hall (Saturdays) or Mulberry Café.
7 Meals Per Week: \$2,156 per semester (East Campus residents only), appealing to students who may only eat one meal per day. Students can use 7 meal swipes per week in the dining hall, Sunday-Friday. On Saturdays, students must use dining dollars instead of swipes. It includes \$175 of Flex Dollars for use in the dining hall (Saturdays) or Mulberry Café.
60 Meal Block: \$1,000 per semester (Commuters only)
30 Meal Block: \$500 per semester (Commuters only)

Housing options require participation in a meal plan. Each student on a board plan also receives credit for use each semester in on-campus food locations other than the cafeteria. Students participating in their semester of student teaching may be eligible for the 7 meal plan. To see if you qualify, please contact the Student Life Office.

Financial Aid Opportunities

Georgetown College is committed to providing excellence in higher education to all students. Recognizing that financing a college education can be challenging, the college offers various forms of financial aid, including scholarships, grants, loans, and work-study programs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

In fall 2023, 79% of first-year students received need-based financial aid. Georgetown College met 94% of its students’ financial aid need.

Types of Aid

Need-Based Scholarships and Grants: These do not need to be paid back. The average need-based scholarship or grant awarded to first-year students at Georgetown College was $30,810.
Merit-Based Aid: Also called non-need-based aid, it is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Georgetown College - excluding any athletic scholarships, if applicable - was $35,388.
Need-Based Self-Help Aid: This includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $5,953.

Financial Aid Statistics

Students Receiving Financial Aid: 77.79%
Freshmen With Need and Received Financial Aid: 89.32%
Average Aid Package Awarded: \$46,604
Average Net Price: \$14,878 per year

Understanding Net Price

Your net price is a college’s cost of attendance minus the grants and scholarships you receive and is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. The average net price is \$14,878 per year. Use the college’s Net Price calculator for the most accurate estimate of your net price.

Scholarships

Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation. Some students receive enough in scholarship money to cover their tuition and living expenses.

Read also: Georgetown Admission SAT

Jobs

Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job. Begin your job search by checking whether your college has in-person or online job boards.

Student Loan Debt

How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

At Georgetown College, the median federal loan debt among borrowers who completed their undergraduate degree is $25,200. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $267. Additionally, 17% of graduating students at Georgetown College took out private loans. Students with private loans had an average of $31,319 in private loan debt at graduation.

Debt at Graduation Statistics

Average Total Indebtedness of 2024 Graduating Class: \$29,356
Graduating students who have borrowed (any loan type, 2024): 66%

Private Loans

Sometimes, the Federal Student Loans that a student receives by filing the FAFSA aren’t enough to cover what’s needed. Lenders offer additional student loans-often referred to as private loans or alternative loans-based on the credit of the borrower and co-signer. In almost all cases, a student will need to have the loan co-signed.

Payment Options and Policies

By the act of registration, class attendance, or participation in other activities associated with enrollment at Georgetown, the student accepts financial responsibility for charges assessed to his/her student account. Students must take action to drop or withdraw from classes in order to be eligible for a tuition refund according to the refund schedule applicable to their program of study. Students are responsible for receipt and review of their billing statements and ensuring that their balance is settled in full by the due date specified on such statements. Failure to do so may subject the account to late payment penalties.

Georgetown College offers a 5-month payment plan by semester that allows you to make your payments for the semester's charges (not covered by other aid) in interest-free installments. There is an annual enrollment fee for this program. For more information, please contact Student Accounts at 502-863-8700.

Additional Information

As a private, church-related institution, Georgetown College receives no support through taxes or public revenue. In fact, tuition covers only a part of the actual expenses involved. Georgetown College is committed to providing excellence in higher education to all students.

Georgetown College is G.I. Bill certified and participates in the Yellow Ribbon Program.

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