Students must report all outside scholarships or similar awards to the Financial Aid Office. 

If the total aid and available resources received exceed the student’s unmet need, the Financial Aid Office will adjust the Federal and Institutional awards of these students so as not to exceed the documented financial need.   The outside scholarships will first be used to cover unmet financial need as calculated from the student expense budget (i.e. the Institutional Cost of Attendance) less the Family contribution, and less all financial aid.

After unmet need has been exhausted; if necessary, the Financial Aid Administrators will first make adjustments to federal student loans and/or employment as necessary.   Fordham aid will only be adjusted if the amount of the additional resources exceeds the combination of unmet need, loans and work.

Students must report all outside scholarships or similar awards to the Financial Aid Office. 

Note: For non-need based Presidential Scholarships and Scholarships based on semi-finalist standing in the National Merit, National Achievement, or Hispanic Recognition competitions, one-half of all outside scholarships (Other than Pell and State awards which reduce the scholarship dollar for dollar.) may be kept by the student. However if federal aid is part of the package the total of all aid may not exceed financial need.