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Average financial Aid packages

megan09megan09 Posts: 34Registered User Junior Member
edited September 2010 in Fordham University
I was recently admitted to Fordham, but I have not been awarded any sort of scholarship yet. I'm worried because I am really liking Fordham and I am really considering going there, but it won't be possible if I don't have any financial aid.

So I was wondering what the average financial aid packages are for middle income families? Also, if anyone knows when we should be hearing about financial aid packages. When I called, they said in about two-three weeks we should be hearing about financial aid in the mail, but I saw on another thread that some people have already heard.
Post edited by megan09 on
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Replies to: Average financial Aid packages

  • aramadaaramada Posts: 64Registered User Junior Member
    In regards to when EA admittees should be hearing about their financial aid package, i'm pretty sure it all depends on when you submitted the required forms. If i remember correctly you could've submitted an early estimate in certain documents? when you applied early if you wanted an early estimate of your FA package. then again, i didn't do that so don't quote me on it, i just remember something along those lines...
  • ghostbusterghostbuster Posts: 1,590- Senior Member
    Financial aid and scholarships are separate processes, though both would appear on the final award package. Every applicant is considered for scholarships, but the normal requirements are top 5% and at least a 1400 SAT (1600 scale). I don't believe Fordham is totally needs blind, but I could be wrong about that. In any event to obtain financial aid, you have to submit the CSS forms and the FAFSA forms. If you have not done so, you must do so IMMEDIATELY. They are online forms.

    In general, Fordham's aid packages are average. Depending also on other factors they can give you grant money and of course a healthy dose of student loans. Its not a cheap school and these are difficult times for everyone.

    The ugly truth about scholarships and financial aid is they are not always objectively equitable, meaning everyone with the same income gets the same award. Many other factors come into play, like being a URM, whether they are trying to recruit you (high scores and stats but not quite scholarship level; and/or you come from a school they like).

    You must also report any outside scholarship funds you obtain. Many students/parents unfortunately are shocked by the reality they face when their kids get in somewhere, but they can't afford it. Our society is not always fair. The rich get richer (and all the privileges) and everyone else has to figure out a way to get by. If I were "in charge of the world" (LOL), I would revamp the entire process, because to me, getting into and affording a college education (if you have the stats) is not something that should be determined by your parents income or needs or ability to pay. And people who have the means (I mean the rich, not the middle class) should pay full fare. That goes for scholarships too. I would make ALL scholarships linked to financial need, the opposite of needs blind scholarships. To many people that sounds unfair, but I view it as more fair than the current system, where often times people who get the best scholarships are also the people who need it the least. I have seen this over and over throughout the years. The middle class gets totally screwed. The very poor have some hope...with massive grants, financial aid and URM scholarships (different standards often)....IF THEY HAVE THE SCORES.

    But I am in the minority on that view. The elitists say, "give the kids with the highest scores all the money and let everyone else just deal with it."

    As tuition and room/board rise at every school (both public and private), the burden becomes almost unbearable. Then people are pushed down the ladder to save money. So for some people, they must choose a lower tier state school or community college for two years, then transfer up. But is that just and fair? Not in my eyes its not.

    Scholarships are primarily based on the SAT and we all know what a crock of crap that is. SAT doesnt measure success in college, nor intelligence. It measures a specific skill on a specific day for a specific test. Its completely bogus. But it is what it is.

    I hope you get what you are looking for. But be prepared for a bunch of loans or having to choose another school.

    Its a great school and if you can afford it, that is great.
  • JerBear11JerBear11 Posts: 7Registered User New Member
    So you basically in no way answered anything remotely close to the question which was what is the average financial aid given to middle-income family's. On Fordham's website their average package is 25 k but realistically you'll be lucky to get a third of that. For me at least i don't think anything less than 25 would make it worth it to go as tuition is over 50k a year :(
  • gamomgamom Posts: 84Registered User Junior Member
    Plus one has to remember that for most schools aid packages include many loans. So even though they offer 25,000 much/some will be in loans that will have to be paid eventually. The total "free" money given to most students through grants or scholarships does not cover anywhere near cost of attending these expensive private schools. Also, most schools aren"t saying they will meet 100% of your need based on what FASA says you need.
  • megan09megan09 Posts: 34Registered User Junior Member
    Just visited campus today and spoke with the financial aid office counselor. She said that financial aid packages and scholarships, along with remaining decisions for Regular Decision applicants should be getting information in by Easter and if nothing comes in by then, you should call. But, for some reason, some Early applicants may get information as soon as thursday for financial aid and that it will be available online at my.fordam.edu

    I just checked today, just in case and saw that I got the Loyola scholarship that I had no previous knowledge of. So I guess I have to wait until thursday to see about the rest of the financial aid.
  • tothmegantothmegan Posts: 5Registered User New Member
    How do you navigate to the financial aid section of my.fordham.edu? I can't seem to find it.
  • OhboiOhboi Posts: 1,119Registered User Senior Member
    ^It's under the applicant tab, on the upper left side. It is down until tomorrow for maintenance though.
  • reysharreyshar Posts: 25Registered User New Member
    HOw did you get word of acceptance? We have not recieved acceptance but some financial aid award info is available to us on the log-in. Does that mean D is in?
  • VF12426VF12426 Posts: 221Registered User Junior Member
    Same here. I'm assuming that means acceptance.

    And what a spectacular package it is, too :)
  • sunday1xsunday1x Posts: 156Registered User Junior Member
    I just checked tonight on my.fordham.edu and my financial aid package was 43k including 6k of loans. I'm super excited and blessed but i hope it's official and they don't decide to change it last second. wooooot
  • megan09megan09 Posts: 34Registered User Junior Member
    Where did you see this? I keep checking my.fordham and I don't see anything posted for my financial aid. I keep going to the 'applicant' tab and clicking on 'login' where it has a section for financial aid, but all it lets me view is the home, documents, messages and forms. I was told that there was an 'awards' tab, but its not there for me.
  • sandkmomsandkmom Posts: 930Registered User Member
    Megan09, check under the messages tab.

    My S doesn't have the awards tab either but he does have tabs for loans and loan history and under messages it states Loyola scholarship.

    I think they are still working on putting together a package for him. We filed FAFSA and CSS profile early, FYI.
  • MonoclideMonoclide Posts: 972Registered User Member
    Still no awards tab. Everything has been in for a good month. This is getting annoying.
  • sailfrostysailfrosty Posts: 6Registered User New Member
    To the person that got offered over $40K, is that in line with what FAFSA says you should be paying?

    Just curious!
  • megan09megan09 Posts: 34Registered User Junior Member
    Just checked online today and it was up. I was only awarded 13,700 and that's including loans and work study. It's definitely not enough for me to be able to go :(
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