Any merit award you might get will be renewable all four years with a minimum GPA. Call Admissions and tell them what you want to do. If you don't get an answer from them, ask to speak to the admissions officer. Then, you would have had more leverage because you could have "played" each school's offer against the others. Now, you're already committed to Fordham, which could work against you.
Unfortunately, my financial aid package wasn't finished until April 29th or so. They, apparently, needed extra documents and neglected to notify me of it until only mere days before the May 1st deadline, so I rushed everything there via fax. I'll look into the payment plan. About the room grant - what is this room grant you speak of and how can I apply for one? So i planned for the worse price lol. There are kids who turned down Fordham that were offered merit money.
Ask if there is any way you can be eligible for any of that. Do you live close enough to commute? If you do and commute, they take a nice chunk off of the tuition. You also can save money by bagging a lunch that way, and your award is pretty close to covering tuition only. Now and then many, many hours over the summer. You can also see if you are eligible for work study during the school year, and if they will award it to you.
If not, there are many work opportunities there, and you should be able to come up with something. Did you plan out how you were going to take care of this gap when you accepted the offer. With your family in a tight financial situation, it is really putting you in a corner to take so much in loans. A room grant is basically 5k they give you. I got it after commuting because I had a commuter Metro Grant which is for in-state residents who commute to any school. Once I started dorming they made the Metro Grant into a Room Grant which is available to anyone who dorms on campus.
I think you have to ask them though as not everyone may get it. Last year they were at about 44 to I know they increase tuition a bit each year and rooming as well, but not enough that it adds up to 5k to 6k more. Feel free to invade if the information is pertinent to you. The financial aid director you say? So not just any financial aid officer will do, but the financial aid director? I'm actually going to see them tomorrow, so I don't think I can manage to make an appointment by then since the office is closed by now and I have school in the morning tomorrow.
That would help so much, if I could snag that 5K. Here we'll cover how many students get Fordham University financial aid, what types of aid they get, and how much. This is good news - more students getting financial aid means students at Fordham University are likely getting a pretty good deal on their education. It could also mean the school skews toward lower income students.
The bigger the average grant award, the better. This means students have to rely less on loans to pay for college and will likely graduate with less debt. The more students receive aid directly from the school otherwise known as institutional aid , and the bigger the award amounts, the better the financial aid program.
Because more Fordham University students get institutional aid, it likely offers relatively competitive financial aid. This means fewer students will need to take out loans to pay for college. The amount of money that students actually get is just as important if not more important than the percent of students who get grants.
Right away, it seems like Fordham University offers more institutional aid than other schools. On the surface, this can mean that students who do receive institutional grants get a competitive amount , compared to other schools. On the other hand, this can also mean that the school just costs more than the typical school of its type.
If Fordham University costs more, it makes sense for the average grant award to be higher. Up to this point, we've looked entirely at grants for Fordham University. Next, we'll do the same analysis for student loans, which is where student debt comes from. Aside from grants, the other major way to pay for college is with student loans. Ideally, you want to minimize your student debt as much as possible.
Less debt means less of a financial burden once you leave school. This indicates that graduates have to worry about paying back big sums of money once they leave school. The ideal goal is to graduate with little to no debt. In contrast, low percentages of students with loans is a sign that Fordham University tuition is affordable. Federal loans tend to have low interest rates, which means they cost less in the long run. They may come with other perks like subsidization or even options for loan forgiveness.
Generally, schools with strong financial aid programs will have students with more federal loans than private loans. Other loans, or private loans, are the last resource students turn to when paying for college. Generally, the fewer students who take private loans, and the lower the amount of the loan, the more affordable Fordham University is. Just as important as the percentage of students with private loans is the average loan amount.
The smaller the average loan amount, the better:. The percentage of students getting federal loans is greater than those getting private loans, which is a good sign. This means lower-interest federal loans are usually enough to pay for Fordham University. Studying for the ACT? Want to learn how to improve your ACT score by 4 points?
This guide was written by Harvard graduates and ACT perfect scorers. Every family has a different situation, and depending on your income level, you'll have to pay more or less to go to college. Above, we've covered Fordham University's Cost of Attendance tuition, room and board, books, and more. We also covered its typical financial aid in grants, loans, and scholarships. The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket.
The lower the school's cost, and the more aid you get, the lower the Net Price. We'll cover two ways to get your Net Price for Fordham University - the fast way, and the precise way. If you want a quick, general idea of your annual Net Price at Fordham University, here's a handy chart showing the net price of real students. All you need is your family income. As we'll discuss next, your exact Net Price will depend on other factors like the number of family members and total assets, but this represents the typical Net Price.
Most schools have an updated Net Price calculator available. To find it, just google "Fordham University Net Price Calculator" - the official tool should be one of the top search results. This will take minutes to complete, and you'll get a specific net price that's more accurate than the table above. Once again, the Net Price is the total cost of attending, minus the aid you can expect to get grants and scholarships.
It's the amount you'd have to cover yourself. The US government has come up with a standardized way to calculate how much a typical family can afford to pay without help. This is the amount the government thinks that family can reasonably pay, and the school will have to step in and cover the rest.
Colleges use this number as a guideline to decide how much aid to give you, but it's just a guideline. Some schools will be stingier with aid, and you'll have to pay more than the government's suggested EFC. It's a simple equation:. We've constructed a simple tool to figure out whether Fordham University is affordable for you:.
In order to calculate this amount, we need just 4 pieces of information from you. We won't save this data. Include cash, investments, and net worth of businesses. Don't include the value of your home. This is the amount that the federal government thinks you can afford to pay for school. Please note this tool is only an approximation, and your personal situation may cause your EFC to vary.
Your EFC may be higher from our quick estimate above. Also, you may be able to cover much of your expenses with loans, outside scholarships, or a job. Therefore, it's still worthwhile to consider your options.
Is Fordham University really the best value education? Are there more affordable schools that can also give you a better education? We'll discuss this next. This is good news! Paying for Fordham University may be feasible with minor cost-cutting, a part-time job, or outside scholarships.
It's still useful to use the school's official Net Price calculator to figure this out, but things are looking good. And even though you can afford Fordham University, it's still worthwhile to consider whether there are any schools that will offer even more value. This is great news! It means attending Fordham University is feasible for you by taking out a small amount of loans, or possibly working a part-time job.
It's still useful to search for the official Net Price calculator at Fordham University to get the most accurate estimate, but you're in good shape. Are there any schools of higher value than Fordham University? We'll find out more below. Great news! This means your family should be able to afford the cost of college without much of a problem. You can pay for college through a variety of ways.
For example, your family can pay out of pocket, and you'll graduate without loans. Or, if you want to be more independent, you can still take out loans or take a part-time job to pay for part of the costs. In any case, you should be in good financial shape to attend Fordham University. Since we've been using estimations so far, it's still useful for you to look for Fordham University's official Net Price calculator to double-check our math.
What schools offer a better education than Fordham University or are even more affordable? We'll find out below. Chances are, college won't be cheap.
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Read More:. Sign up for updates. Popular Stories. Jan 14, Is Tuition per Year or per Semester? Get your aid, it's free. Aid Negotiation You may qualify for a discounted tuition. Maximize My Award! Everything you need to know about Fordham University. To help pay for it:. Apply for Financial Aid Student aid is out there. Got a Pell Grant Pell Grants are intended for low-income students.
Get a Federal Loan The loans you get from the government can have super low interest rates — which makes them very different than private loans. What you need to know When you apply to Fordham University. Quick Fact 2 Applications are not open year round. Fun Fact 1 This school is strictly for the ambitious. Almost all students at this highly competitive four-year school attend full-time.
Wishing you could go back to being 20? Graduation Outcomes Your future by the numbers. Need money for Fordham University? Explore more schools Browse other schools you might like. Arizona State University Digita Arizona State University-Downto University of Puerto Rico-Rio P Marquette University. Texas Southern University. The University of Texas at San