GRA Tuition, Financial Aid, and Scholarships
Announcing the Steers Scholarships
Global Real Assets applicants now have access to 20 full-tuition scholarships, thanks to our partnership with the Steers Center for Global Real Assets. The Steers Scholars Program reflects a commitment from McDonough alumni to develop the next generation of leaders in real assets.
Total Cost of Attendance
The M.S. in Global Real Assets tuition fee for the August 2026 intake is $75,000. It includes tuition as well as specified meals and hotel accommodations for the global residency. Below, we have provided estimates for common costs for our GRA program.
Mandatory Costs:
- Tuition: $75,000
- Graduate Student Activity Fee: $50
- Health Insurance: $4,350 (can be waived if student secures health insurance through other means)
Other Costs:
The following are average estimated costs for the 2025-26 academic year. Estimates for the 2026-27 academic year will be added when available in early 2026.
- Housing & Food: $26,335 (Graduate students stay off campus and housing can vary depending on preferences. Our housing guide provides additional information on housing.)
- Personal: $5,270
- Books & Supplies: $240
- Transportation: $3,310 (This is an estimate for the flight to your Global Business Location, costs can vary based on destination. Locations subject to change year-to-year.)
Other Fees:
U.S. citizens or eligible noncitizens who borrow U.S. Federal Loans will be charged a $1,600 loan origination fee.
Tuition fees exclude individual health care or health insurance premiums, books and supplies, student fees, round-trip airfare to and from international project locations, room and board, visas, and incidental expenses while traveling. The Office of Billing and Payment Services provides additional information regarding tuition breakdown and student fees through the university.
Funding Your Education
External Scholarships and Grants
All applicants are encouraged to explore external resources of funding for your graduate studies. Our Admissions Team has assembled a list of resources to help you navigate this process.
GRA Scholarship Opportunities
For the 2026-27 academic year, the Admissions team expects to award $1.5 million in scholarships to GRA students. We encourage you to explore our scholarship offerings for GRA students.
Scholarships are awarded based on a holistic review process with the goal of admitting a competitive and diverse class. To be considered for a scholarship, applicants must include a scholarship essay with their applications. The Office of Admissions notifies students of scholarship awards at the time of admission to the program. Students are eligible for only one scholarship type.
All programs and activities are open to all Georgetown University applicants regardless of race, national origin, sex, gender identity, sexual orientation, religion, disability, age, or any other characteristic protected under University policy or applicable law.
Full-Tuition Scholarships
The Steers Center for Global Real Assets awards 20 full-tuition scholarships to exceptional candidates entering the Master of Science in Global Real Assets (GRA) program. This highly competitive program is made possible through the generosity of Robert (B’75) and Lauren Steers.
These awards recognize individuals with outstanding academic achievement, professional promise, and a demonstrated commitment to advancing the global real assets industry in alignment with Georgetown’s Jesuit values.
Eligibility Criteria
- Recipients must hold a bachelor’s degree from an accredited college or university in the United States or the equivalent from an international college or university.
- Recipients must be U.S. citizens or lawful U.S. permanent residents.
Selection Criteria
- Academic Excellence: Candidates must demonstrate a strong record of intellectual and quantitative achievement, evidenced through prior academic performance, relevant coursework, and/or professional certifications. The center seeks students who combine the capacity for analytical rigor with curiosity and a genuine passion for learning.
- Professional Achievement and Leadership: The Steers Center Scholarship Committee evaluates leadership potential, demonstrated performance, and evidence of meaningful career progression or entrepreneurial initiative in real estate, infrastructure, energy, or adjacent sectors. Applicants should demonstrate a capacity to lead teams, make principled decisions, and influence others in positive ways. The evaluation emphasizes both achievement and character.
- Commitment to the Real Assets Industry: Recipients will have a clear and compelling vision for how they intend to contribute to the advancement of the real assets ecosystem—including real estate, infrastructure, and energy transition. Candidates should articulate an understanding of the structural forces shaping global markets, particularly the “Four Ds”: Digitalization, Demographics, Deglobalization, and Decarbonization.
Selection Process
Recipients are selected through a holistic review conducted by the Steers Center Scholarship Committee. The evaluation process includes program application materials, two additional scholarship essays, and two interviews by invitation only. An integral component of the process is the interview with the program’s Academic Director and Director of the Steers Center for Global Real Assets (by invitation only), which focuses on assessing leadership presence, clarity of purpose, and alignment with the center’s mission.
Lucas Scholars Program
The Lucas Scholars Program offers prestigious, merit-based scholarships for students pursuing the M.S. in Global Real Assets at Georgetown University. This program is made possible through the generous support of Richard M. Lucas (B’87).
As a valued member of the Executive Committee of the Steers Center for Global Real Assets Advisory Board, Lucas brings extensive industry experience. Most recently he has served as executive vice president, general counsel, and secretary of Walker & Dunlop, Inc., one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales for multifamily and commercial properties. Lucas previously served as the Executive Vice President, General Counsel and Secretary at Hilton Worldwide.
Scholarship Benefits
Lucas Scholars receive merit-based scholarships to support their academic journey and exclusive opportunities to connect with Richard Lucas through planned events.
This program empowers future leaders in real assets by combining financial support with unique industry insights.
Georgetown McDonough Merit Scholarships
Georgetown McDonough offers scholarships for M.S. in Global Real Assets students based on an applicant’s academic, personal, and/or professional accomplishments.
Federal Employee Scholarship
In support of Georgetown University’s decision to offer professional development opportunities to current and former federal civil employees and federal contractors, we will consider currently employed or recently separated federal civil government employees for up to a 10% merit-based scholarship award for the fall 2026 intake.
Current and past federal employees and contractors are also eligible for an application fee waiver, which will automatically apply at final submission of the application form. Please email realassets@georgetown.edu with any questions or concerns.
Georgetown Undergraduate and Alumni Scholarship
Current seniors and recent undergraduate Georgetown alumni from the Classes of 2023, 2024, 2025, and 2026 are eligible for up to a 10% merit-based tuition scholarship for the master’s in management program.
Current Georgetown students and alumni are also eligible for an application fee waiver, which will apply automatically at final submission of the application form. Please email realassets@georgetown.edu with any questions or concerns.
Georgetown Partnerships
Peace Corps Coverdell Fellows Program
The Peace Corps Coverdell Fellows Program offers financial assistance to returned Peace Corps volunteers pursuing the Master of Science in Global Real Assets at Georgetown University. As part of the program, all fellows complete internships in underserved American communities, allowing them to bring home and expand upon the skills they learned as volunteers. Georgetown University’s McDonough School of Business is proud to be a partner school with the Coverdell Fellows Program. As part of this program, all returned Peace Corps volunteers will receive an application fee waiver. Students who are awarded the fellowship will receive a minimum of 25% of tuition in scholarship and the ability to apply for potential Graduate Assistantships. Please see the Peace Corps website for more details.
Segal AmeriCorps Education Award
The Segal AmeriCorps Education Award is a post-service benefit earned by individuals who complete an approved term of national service in an AmeriCorps program. Georgetown University McDonough School of Business is proud to be an education partner with the Segal AmeriCorps Education Award.
Applicants to the Executive MBA (EMBA), Master of Science in Management (MiM), Master of Science in Global Real Assets (GRA), and Master of Arts in International Business & Policy (IBP) applying to start in fall 2024 and beyond will receive an application fee waiver. Please reach out to the general email address for the program to request the waiver. EMBA, MiM, GRA, and IBP students who are awarded the AmeriCorps Education Award can be considered to receive a minimum of $5,000 total as a one-time only award. Georgetown McDonough anticipates being able to award 1-3 total scholarships per year based on the strength of the applicant pool.
Military and Veteran Education Benefits
Georgetown University’s McDonough School of Business is proud to support veterans and active-duty service members in pursuing their education. Through participation in the Yellow Ribbon Program, qualified students can receive full tuition support with no cap on the number of recipients.
Students eligible to receive educational benefits through the Military Education Benefits Office should contact Rachel Cardwell directly via email at militarybenefits@georgetown.edu or by phone at 202-687-2713.
Loans and Financing Options
Domestic and international students seeking loan assistance for the 2026-2027 academic year are advised to consult with Georgetown University’s preferred lenders for private education loans, including Ascent, Citizens Bank, College Ave, Earnest, Sallie Mae, and SoFi. Learn more about these options from the Office of Financial Aid .
GRA Tuition, Financial Aid, and Scholarships FAQs
Is a GRA degree worth the cost?
A Master’s in Global Real Assets will set you apart in a rapidly changing market. Georgetown McDonough and the Steers Center designed this degree in consultation with industry experts. By focusing on real assets, you will show employers that you are attuned to the future of the industry and ready to help them evolve.
No other program in the country offers a focus on real assets, dedicated career support and our industry partnerships, and the network and expertise of the Steers Center for Global Real Assets.
How do I finance my graduate business degree?
All McDonough applicants are automatically considered for GRA scholarships. Those who are U.S. citizens or legal residents are eligible for Steers Scholarships. Applicants also are encouraged to seek external funding options and on-campus employment opportunities.
In addition to the additional scholarships listed above, you also can learn more about new preferred loan providers on the Office of Financial Aid website.
Does Georgetown McDonough offer scholarships?
Yes, our GRA students are eligible for a number of merit scholarships through Georgetown University, including our new Steers Scholars program. Last year (before the addition of our Steers Scholars program), 77% of our GRA students received a Georgetown scholarship, averaging nearly $15,500 per student. Additionally, we encourage you to apply for a number of external scholarships.
What is the total cost of the Georgetown GRA program?
Use this link to see the cost of tuition and fees from Georgetown, as well as estimated costs for housing, course materials, travel, and more.
Does Georgetown offer payment plans for my tuition?
Yes, Georgetown University offers payment plans via the Office of Revenue and Receivables.
How do I apply for financial aid?
Georgetown’s Office of Financial Aid has detailed resources for graduate students seeking to finance their education.
What is the timing of tuition payments?
The university’s default plan is to pay the full semester cost at the start of each semester (ie, August for the fall term). However, you also can inquire about payment plans for a more predictable schedule. Learn more in the Billing and Due Dates section of our Student Accounts Policy page.
Can I work during my program?
Yes all GRA students are eligible for on-campus employment and many students take advantage of this opportunity. The Student Employment Office offers listings, and most students apply in August or September after their arrival on campus. Additionally, students not studying on an F-1 visa may be able to complete an internship. The program’s class schedule is structured to make this possible, and the careers team can provide support in finding and securing internships. Many MiM students hold on-campus employment during the program.
Additionally, many of our students gain resume-building experience through Georgetown programs like the Small Business Corps.
What financial resources does Georgetown have for international students?
Georgetown University reserves the right to modify the requirements for admission and/or graduation, the program curricula, tuition, fees, and other regulations affecting the student body.
Pursue Your Career Goals with the Georgetown GRA
Join the Master of Science in Global Real Assets program in the fall of 2026 to expand your knowledge of this expanding industry and take your career to the next level. We welcome the opportunity to connect with you throughout the admissions process to learn more about your background and interests, share details about the classes and capstone project, and explore how you can make an impact in this field.
Questions? Contact Our GRA Admissions Team
We can answer questions about making an investment in your future through the Master’s in Global Real Assets program.
RealAssets@georgetown.edu / +1 (202) 784-1478