<p>Just checked (again!!!) on my daughter's my.fordham webpage and now under Financial Aid, there's a message referencing the Jogues Scholarship. No numbers, but at least there's something there now! We should know pretty soon!</p>
<p>That’s great!!! When was the last time you had checked it?!</p>
<p>This morning there was nothing there. And just checked it minutes before I posted and had a crytic message about Jogues. I think they are testing or just starting to upload info. Did you check yours?</p>
<p>Ughhh, nothing for my daughter on her account, not sure I want to pay full tuition.</p>
<p>My daughter has had a similar message about a Loyola scholarship all week, but nothing has changed to give any actual figures.</p>
<p>This morning I found that the Applicant->Financial Aid->Awards page of myfordham did have full financial aid info, and it was better than I expected. Loyola scholarship is $8K/year (renewed with 3.0 gpa) and there was a Fordham grant-in-aid plus loans and work-study. Just enough to make it a contender I think. What I wonder is how likely is the grant to be renewed? Guess I should talk to FA office.</p>
<p>Are grants renewable? Havent seen any info saying they are or aren’t.</p>
<p>If they are not wouldnt alot of people transfer out?</p>
<p>Grants are usually renewable every year, and you must file the FAFSA every year. If your financial situation improves your grant may be reduced. But if your financial status is the same it will remain the same. </p>
<p>If you tell me where else your kid was accepted I can give some general comments.</p>
<p>Can anyone comment on how much need-based aid (grants, not loans or work study) Fordham has given for kids with EFCs under $10K?</p>
<p>I need to know whether it’s worth it for my son to get on the wait list, or if Fordham is a school that “gaps” kids (ie, leaves a huge gap between the grant and the EFC so that the family can’t possibly send their kid without getting in debt over their heads). Thanks!</p>
<p>Gaps exist. Financial aid, for better or worse, is sometimes used as a tool for getting to the yield of 1,800 freshmen out of the 40% admit rate. (Or would you prefer they reduce the admissions down to 19%?) </p>
<p>How parents make up the gap is up to them. EFC’s are an estimate from a federal form, not a guarantee of financial aid and not a guarantee of grant money.<br>
So it varies on the case by case basis. </p>
<p>You and your son should pursue his other options fully. Most of the kids who get in off the waitlist are commuters anyway. Are you within commuting distance? If you are, then graciously accept a spot on the list if it interests you, and otherwise, close the book and move forward with the schools where he has an acceptance. </p>
<p>I am sorry this didnt work out for you. Best wishes.</p>
<p>The other thing I would worry about on the wait list would be whether there was a chance for finaid if coming off the list. Might not be.</p>
<p>Should I be worried if I haven’t received my final financial aid packet yet? I thought we were supposed to hear by April 1st</p>
<p>Call them on Monday and find out what is going on. Did they receive all the necessary documentation?</p>
<p>Yes, they have, and there’s a loyola scholarship listed online but I haven’t actually seen any official numbers. I’ll call them Monday if nothing comes in the mail.</p>
<p>We have an acceptance but the only mention of financial aid is that it should come in early april. Don’t expect any merit but hoping for some need based assistance. Have others already heard about need based financial aid?</p>
<p>Full financial aid info appeared on myfordham several days after acceptance letter came. Can’t remember if email notification ever came. I just kept checking on line. Nothing in snail mail. There was some grant money as well as Loyola scholarship, work-study, and loans. Less than a couple of schools but a lot more than Northeastern or BC.</p>
<p>Just got financial aid for EFC lower than $10,000. The amount to be covered by family is : $39,374. Pretty interesting. I would love to be able to pay that amount.</p>
<p>Should I call the financial aid office to ask about this discrepancy?</p>
<p>Fordham doesn’t claim to meet full need, so it’s not really a discrepancy, just a gap.</p>
<p>Yes, I know. But it’s quite a large gap, don’t you think?</p>
<p>From what I’ve read, your best chance of getting an increase would be to say you can’t attend without more $, but that you definitely would say yes with sufficient aid. And have a number ready that’s the minimum it would take. It can’t be the full gap amount, I wouldn’t expect. Put it in terms of an appeal, not negotiation. I have not done this myself, but I’ve both read it and heard it from someone that worked in a college office (not Fordham).</p>