Because unlike many "peer" schools at a similar level, Fordham still has a lot of need based scholarships.B986 wrote:Possibly a dumb question... but why does Fordham not have a ton of money? It seems like many peer schools charge similar tuition and are much more generous with scholarship money. Not sure I would get any money at Fordham, but just curious about this.JenDarby wrote:I don't think they'd likely bump it up to 35 because they don't have a ton of money and they need many people with great numbers over a few people with really great numbers. 5k/yr is enough to sway some people to Fordham in and of itself. That being said, I highly recommend you try!
Basically, most aid at Fordham is need-based and not merit-based.
Other schools have slowly gotten rid of need based because they'd rather buy themselves better statistics than help those who otherwise can't afford to go.
On top of that, a good chunk of fundraising over the past decade has been to pay for the new building