Grants and awards are types of financial aid considered as gift aid—financial aid that does not have to be repaid. Students admitted to GW with demonstrated financial need may be eligible for one or more of the following awards. These need-based grants are awarded to U.S. citizens and eligible non-citizens only. Funding for these programs come from several different sources, including the University and the federal government.
The University invests $37 million of its own funds in grants and awards for the freshman class in addition to approximately $1 million of federal grant money. Federal regulations require that we consider all resources when determining financial aid eligibility, so any grants or awards from private organizations must be reported to GW and may result in an adjustment of your financial aid package. Often these outside awards will be used to reduce the student loans or the work-study portion of the financial aid package.
Available grants and awards for undergraduates include:
The George Washington Guaranteed Grant
This grant is awarded solely on the basis of financial need. It is guaranteed as long as the student is enrolled at GW, for up to 10 semesters of full-time undergraduate study. Once the award becomes official, the guaranteed amount will never decrease provided the student is enrolled and charged as a full-time student and continues to make satisfactory academic progress toward an undergraduate degree.
The GW Guaranteed Grant can only be used toward tuition expenses. If a student is fortunate enough to receive outside tuition awards, such awards can be combined with the GW Guaranteed Grant up to the cost of tuition. However, if tuition-specific outside resources combined with the GW Guaranteed Grant exceed tuition costs, the GW Guaranteed Grant will be adjusted.
While this grant does not require reapplication beyond the first year at GW, those students eligible for other need-based aid will have to reapply annually by the posted deadline dates. Each student’s financial need will determine the level of support that can be provided beyond the GW Guaranteed Grant.
University and Alumni Award
University and Alumni Awards are available from GW to students who demonstrate financial need. Renewal is contingent upon completion of at least 12 credit hours of study each semester, maintenance of a 2.0 or better grade point average, reapplication by the published April deadline and continued financial need. The amount of this award can vary each year depending on the student’s financial need.
GW Family Grant
A full-time GW undergraduate whose sibling is also attending GW as a full-time undergraduate for the same academic year may qualify for a GW Family Grant amounting to one-half tuition for the second student. This half-tuition grant can be awarded for the full academic year or for the fall or spring semester only. To qualify, siblings must be enrolled full-time in a first-time, four-year bachelor’s degree program and be charged at GW’s full-time rate. Students receiving discounted tuition do not qualify. This grant is not available to either sibling if one is enrolled in the Seven-Year B.A./M.D. or non-affiliated study abroad program. More detailed information about GW Family Grant eligibility and renewal requirements are provided at the time of admission to the University.
Federal Pell Grant
Pell Grants are considered the foundation of federal financial aid to which aid from other federal and non-federal sources might be added. The Federal Pell Grant is awarded only to undergraduate students who have not previously earned a bachelor's or professional degree. The amount awarded depends not only on financial need, but also on costs to attend school, status as a full-time or part-time student and plans to attend school for a full academic year or less.
Funds may be used for tuition, fees, books, room, board or other educational expenses. For the 2011-2012 academic year, the maximum award amount was $5,550. Renewal is contingent on maintaining a 2.0 or better grade point average, reapplication and continued financial need.
Federal Supplemental Educational Opportunity Grant
Federal Supplemental Educational Opportunity Grant (FSEOG) awards offered at GW range from $200 to $4,000. In accordance with federal regulations, FSEOG is awarded to students with exceptional financial need, and priority is given to students with Federal Pell Grant eligibility. Renewal of the FSEOG is contingent upon maintaining a 2.0 or better grade point average, reapplication by the published April deadline, continued financial need and Federal Pell Grant eligibility. Funds may be used for tuition, fees, books, room, board and other educational expenses.