Tuesday, November 22, 2016

Financial Resources Constrain Georgetown Aid Packages - Joe Egler, the Hoya

In the 2016 fiscal year, Georgetown’s endowment and donations to the university funded 23.2 percent of undergraduate scholarships, according to Dean of Student Financial Services Patricia McWade. Over the past 10 years, the university has withdrawn $590 million from its $1.5 billion endowment, 39 percent, to fund academic research, professorships and undergraduate scholarships. According to Chief Investment Officer Michael Barry, the allocation of the endowment is determined by donors, who often donate funds for specific purposes. Currently, 36 percent of the endowment is allocated to academic research, 30 percent to endowed professors, 24 percent to student aid such as scholarships, 8 percent to facilities and grounds and 2 percent to other uses. http://www.thehoya.com/financial-resources-constrain-georgetown-aid-packages/

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