<p>God damn man.</p>
<p>I dont know...</p>
<p>Well, the language is certainly not going to help your cause. Goodness!</p>
<p>But check with its peer private colleges. You will see its right up there with everyone else. </p>
<p>Its disconcerting, I know. But any college in the top 75 is going to be about the same. If you want cheap, you have to go to a state school and stay instate. That is the fact.</p>
<p>Well at least they are giving me a free App</p>
<p>I think my biggest fear is that I'll get in, but won't be able to pay. And that applies for pretty much all the schools I'm applying to.</p>
<p>Its a tragic concern for many students. If Congress does not act, then student loans will dry up very quickly. And that affects students presently enrolled as well as incoming students.</p>
<p>This entire financial debacle on wallstreet could have been avoided. It was in fact "created" by politicians in the 90's with some serious policy changes, deregulation, and then wallstreet abused the process while Mr. Greenspan added gasoline to the fire. Builders overbuilt to drink at the same punchbowl. The present administration didnt make the necessary changes to adjust the problem, ostensibly because of the economic shock of 9-11 and the collapse of the dot.com bubble. Now its all coming home to roost.</p>
<p>Its a hard lesson in greed and hubris. </p>
<p>Only its affecting a lot of innocent people who had nothing to do with the real estate boom....and now horrific bust.</p>
<p>Its very sad. Harvard and Yale can just bankroll students with their huge endowments. But Fordham is not in that position, like most colleges.</p>
<p>I am not totally pessimistic. I think Congress will be prodded this week into acting and with other changes and more economic tools employed we can get through this rough patch.....but its going to be a tough 2009, I believe.</p>
<p>A lot of state schools will see huge increases in applications as students elect to stay home and save money. A lot of private schools will see a drop in applications and maybe even current enrollment.</p>
<p>Pray that we get through this okay as a nation and pray for those who have been or will be adversely affected.</p>
<p>The problems we have now are not because of all these bad mortgages, the problem is why they are bad. They're bad because Americans are broke. We've simply borrowed too much money and we can't pay it back. And that's because of years of horrific monetary policy (federal reserve's artificially low interest rates) and a government that championed us every step of the way every time we bought a house, car, etc. that we couldn't afford. Every time we tried to save a little bit, they tried to "stimulate" us some more to spend.</p>
<p>The reason the credit markets are shutting down is because we've blown all the money. We can't borrow money to buy new cars - we can't even afford the ones we've got.</p>
<p>As far as college tuitions, one of the benefits of this is that because we can't borrow money to send our kids to school, college tuitions are going to be one thing that is going to plunge in this country, and you won't need to borrow money because it will be cheap to send your kids to college.</p>
<p>We're going to need to get used to a lower standing of living where we don't consume as much, we don't borrow as much, and we save our money. The problem is the government is trying to interfere with this process. The government is trying to pretend that they can just print up $700 billion and make these problems go away. They can't - they can certainly make them a lot worse though.</p>
<p>There's a reason that tuition rates have risen faster than general inflation for several decades now. Government grants and government-subsidized loans. Students bringing more money to the table meant that schools could raise their prices much faster than ordinary market forces could have. And as I mentioned, as credit and grants dry up, schools will be forced to return to market prices.</p>
<p>Fordham has good merit scholarships for those with high SATs. My son got about $20K, but $30K is still a lot of money. But there are few colleges other than our state colleges that would cost less.</p>
<p>Well.....there is the ugly head of the SAT again. And Fordham has a history of favoring certain students from certain local schools. I am not whining,but its fact. (though congrats to your son) The SAT is highly over-rated, though it is presently the only measure that is somewhat objective. Some kids who went to private prep schools who got SAT training, either overtly or by the manner in which they teach the courses, likely did better. (I see that in my area as well. And some kids with HIGH SATs are shallow and uncreative....it doesnt measure IQ, only how well you can score on standardized tests in a timed environment.) Some schools and families are well known to Fordham and others from outside the area are not. </p>
<p>However, Fordham does give decent grant money if you qualify, which is the same as scholarship money without the prestige. The real problem is Fordham does not do a good job of meeting financial needs for families. Very very few get 100% let alone 90% of their needs, leaving families to really scramble for a lot MORE than their FAFSA EFC figure, which itself is ludicrous. The manner in which they compute that figure is bizarre. Its like they expect you to go bankrupt with your first born to afford school, and any other kids you have can just go to a community college. Not just at all.</p>
<p>The bottom line is that there is going to be a lot of change coming down the pike. Though I dont think they will lower tuition one bit.</p>
<p>If the price is too high, they will have to lower prices. Economics 101. The reason it doesn't work this way today is because of government intervention. Get the government the hell out of the business, and the market will adjust prices downward.</p>
<p>cpt and others, unless a student receives a full schlarship from Fordham, the highest merit scholarship available is the $10,000 Dean's scholarship. Any "scholarship" money above $10,000 is financial aid and based on income, not SAT's. My d scored over 1500 with a perfect score on the writing section and received the maximum $10,000. We did not receive financial aid from Fordham. This was one of her worst offers and she's a dual legacy. Disappointing.</p>
<p>That is not true, FordhamAlum. I have my son's merit awards here and he got more than that. We did not apply for financial aid. He got two awards as did many kids I know who applied this year. I received something called the Loyola Scholarship in addition to the Dean's scholarship. Fordham was one of his better offers. Fairfield came up with a $10K award, and the other schools were less than that. The only thing better than Fordham were some specialty schools that had some unique opportunities such as SUNY Maritime, Webb. Clearly, the SUNY schools even without the merit money would have also cost less than Fordham, even with their awards.</p>
<p>""Get the government the hell out of the business, and the market will adjust prices downward."" </p>
<p>Adam Smith's invisible hand at work!! Anyway, we will have to see what happens to the credit availability next year and how it affects the ability of families to receive student loans. May change the entire face of college admittance statistics.</p>
<p>Wow, cpt, I am blown away. The Loyola is given to those students who do not qualify for a Dean's and is less than $10,000, usually $7,000. I have never heard of anyone getting both. I assumed your financial aid letter had the Dean's scholarship of $10,000 plus the extra financial aid added above that, and would read:
Dean's scholarship $20,000
(my note: which includes $10,000 in financial aid.)</p>
<p>This is how the financial aid has always been reported and awarded at Fordham. Just wondering, are you from NY, how high were your son's SAT's and does your son have a minorty ethniticity status?</p>
<p>From the Fordham website, Dean scholarship recipients do not receive a Loyola or Joques scholarship. One per person:</p>
<p>Dean's Scholarship
Who is eligible? The most talented students (the top 6-8% of the applicant pool) will be nominated for these scholarships. </p>
<p>Loyola and Joques Scholarship
Who is eligible? All freshmen and transfer candidates are considered for Loyola Scholarships. Upon review, the most talented students in the applicant pool NOT selected for the Dean's scholarship are chosen for this award. </p>
<p>Traditional</a> Rose Hill and Lincoln Center Fordham University Aid</p>
<p>In regards to ACT or SAT scores. How else are you going to put the students on even ground. An 3.8 at one school could be a 3.3 at another depending on how competitive the school is. </p>
<p>If you look at grades an A at one high school is different. Our school sends 99% to college and everyone cannot have a 4.0, the grades are curved. Oh, and we rank those competivive students on top of that.</p>