Fordham Revolving LoansPrior to the 2011-12 academic year, Fordham offered its own subsidized loans to its neediest students. These loans were guaranteed renewable for second year students in the day division and second and third year students in the evening division. In the student's third year (day division) or fourth year (evening division), the loan could be reduced by income over $15,000 that was earned in the summer preceding the third or fourth year. The equation for this is: (gross income minus $15,000) x0.6 x 0.5.
Although this loan program has been discontinued, all Fordham Revolving Loans previously awarded to students will be renewable as outlined above during the student's career at the Law School.