Are there other schools my son should consider if looking for merit money?

Fordham Honors program is well thought of. Which Fordham campus did he apply for (the main one in the Bronx or the other?). One thing I do remember about Fordham was that they reduce any other outside scholarships received by at least 1/2 because of the NMF scholarship. Not sure if they still do or if it matters, but you might want to check this there as well as at the others…and of course evaluate what he must do to KEEP the scholarships (for instance, is participation is Honors required? Is service required? Is there a GPA requirement?).
He has great choices. Congratulations to him as well as to you!