Yes, but it's a unicorn for a 30 sport Division I athletic program that relies on only one revenue program. As I've said in the past: "it's a school that aspires to be Penn State in one sport and Penn in 29 others." That means, in as many words, that basketball is more than fully funded (it's in the top 12-15 budgets nationally) and the others aren't, and those that aren't know their lane. Football can't get above .500 , for example, because Georgetown still expects 1200+ SATs out of the kids and there aren't a lot of impact RB's with a 3.8 GPA that want to play football without a full grant in aid, but if they go 4-8 no one is firing the coach as a result.
The entire campus, including the hospital and medical center, is 104 acres, with no room to grow. Most teams don't have facilities of their own and there is no space for practice fields, not even a surface parking lot. There are roughly 60 men's and 65 women's scholarships to go around for 780 kids because of an enrollment cap placed on the university by the DC city government, so literally any scholarship added is at the loss of a paying student, so lots of kids play without grants. Despite the hurdles, Georgetown is competitive in nearly every Big East sport except men's and women's basketball, with strong programs in soccer, lacrosse, swimming, track, rowing, and on a good day, even baseball. The graduation rates outside basketball are uniformly 90% or higher and with legitimate majors to do so. About one in nine undergraduate students play on a team.
Georgetown's president of the past 25 years had to step down after a stroke and a new president takes over in July. The new president has no prior connection whatsoever to Georgetown (Cornell '94, Yale Law '99) nor the basketball program, as his predecessor was involved in the program dating back to his days as an Georgetown undergraduate in the mid-1970s. That can be an opportunity as well as a challenge to a basketball program that has been able to do things its way for a very long time.