Federal and State Aid Administered by Fordham University
Federal Supplemental Education Opportunity Grant (SEOG)
These federal funds are awarded from a limited amount of aid administered by Fordham University. It is used to provide assistance to students who demonstrate exceptional need.
Federal Perkins Loan
Funds from the Perkins
program come primarily from repayments by previous Fordham University borrowers, in addition to contributions from Fordham and the Federal Government. This loan currently has an annual interest rate of 5%. Interest does not accrue while you are in school. Repayment does not begin until nine months after you complete or terminate your education. Your account will be credited at the Office of Student Accounts only after you sign a promissory note.
Federal Work-Study Program
This aid is not credited to your Fordham Student Account. Wages are paid monthly, directly to you, for the hours actually worked in the form of a paycheck. The maximum annual earnings are limited to the amount listed in your award letter. If you have been offered work-study in your package and you accept the offer, the Office of Student Employment will contact you during the summer to arrange an interview and placement in an on-campus position. Employment on campus is another opportunity to be a part of the Fordham community while earning income to meet your day to day educational expenses.
Higher Education Opportunity Program (HEOP) Grant
This aid is limited to New York State residents who have been designated as eligible for the HEOP program. It is gift aid which does not have to be repaid. Part of this aid is credited to your account. If you are a commuting student, a portion of the HEOP grant will be paid to you in the form of a stipend.