$5,485

Avg. Federal Grant

$5,467

Avg. Federal Loan

$214,724,741

Total Aid Awarded

Fordham University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$214.725M

Financial Aid Official Website

www.fordham.edu/finaid

Students can avail of scholarships provided by the university, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Carnegie Dartlet $10,000 Scholarship, and Charles McGovern, Jr. Memorial Scholarship, if they find educational expenses to be on the higher side. Notably, 90% of the students at Fordham University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $29,217,932. At FU, the total percentage of applicants who receive the Federal Grant stands at 19%. On the other hand, 90% of the candidates get the Student Grant, 90% receive the Institution Grant, and 19% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,736, while the same comes to $4,633 for State Grant receivers and $28,521 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,085. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Fordham University, the percentage of candidates who opt to avail of student loans is around 53%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

18%

State Grant Aid

17%

Institution Grant Aid

88%

Pell Grant

18%

Average Aid Awarded

Federal Grant Aid

$5,485

State Grant Aid

$4,766

Institution Grant Aid

$27,520

Pell Grant

$4,974

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the 18% contribution with an average aid amount being $5,485.

Pell grants have a percentage of %18 with an average aid amount of $4,974 then the State grant aid average of $4,766 with 17%. For further detailed information refer to the university's official website.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$41,983

$30,001 - $48,000

$40,010

$48,001 - $75,000

$34,706

$75,001 - $110,000

$31,984

Over $110,000

$25,295

As shown in the table lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $41,983 while those with family income over $110,000 can expect to receive an aid amount of $25,295. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Fordham University

Average Loan Amount Average Loan Amount received per year.

$8,396/Year

Students Taking Out Loans

51%

Loan Default Rate

2.6%

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