How does the Law School Financial Aid Office determine that I need Fordham’s need-based Aid?
Fordham Law School uses the financial information provided in the Fordham Financial Aid Application to calculate your family contribution to determine eligibility for Fordham Law’s need-based financial aid (Fordham grant and Revolving loan). The family contribution consists of a parent contribution, as well as a student contribution. The parent contribution calculation begins with adjusted gross income (AGI) and subtracts federal, state, local and FICA taxes, as well as minimum living expenses, adjusted for the size of the family. A percentage of this “adjusted income” is added to a contribution for assets. The asset contribution is no more than 6% of net assets, adjusted for the age and retirement status of the older parent. The total is adjusted by the number of family members enrolled in college at least half-time. The minimum student contribution is determined by taking a minimum “self-help” amount of $3,500 annually plus one-third of the student’s assets reported on the Fordham Ap
Related Questions
- This calculator cannot be used to determine HOPE Scholarship eligibility; contact the Financial Aid Office for assistance. Whats an Advisor Hold and does every student have one?
- How does an offer of a merit scholarship affect an offer of need-based aid from the Financial Aid Office?
- How does the Financial Aid Office determine which types of aid I will receive?
