Frequently Asked Questions
Below are answers to many of the questions that we receive throughout the year. The questions are organized by the following categories:
If you do not find an answer to your question here, please e-mail us at mailto:email@example.com.
What is Fordham Law School’s Federal school code for the FAFSA?
The Fordham Law School federal school code is 002722. Fordham University has one federal school code for all of its undergraduate and graduate schools which corresponds to Fordham University, Bronx, New York.
The earliest you can file the FAFSA form is January 1st for the upcoming year. Students who have never filed a FAFSA should first apply for a Personal Identification Number (PIN) at http://www.pin.ed.gov. The PIN allows you to electronically sign your FAFSA.
No. Although Fordham Law does not have a FAFSA deadline, you should complete the FAFSA as early as possible, but no later than June 1st, if you wish your loan proceeds to be credited to your tuition account prior to the start of the semester.
Do I need to file my tax returns before completing the FAFSA?
No. You may use estimates of your income and you can update the FAFSA once you have the actual figures. Fordham will receive the updates electronically.
Does Fordham Law School require that I report my parents’ financial information on the FAFSA?
No. As a student pursuing a graduate degree, you are considered independent by federal guidelines, and Fordham does not require that you submit parental information on the FAFSA. However, Fordham does require parental information on a separate application available to admitted students to determine a student’s eligibility for Fordham’s need-based aid.
I filed my FAFSA and have not received a Student Aid Report (SAR). What should I do?
If you have completed the FAFSA online and have provided an e-mail address, you will be notified of your SAR by e-mail a few days after you have completed the FAFSA. If you completed the paper FAFSA or did not give an e-mail address, your SAR will be delivered by mail.
If you haven't received a (SAR), call the Federal Student Aid Information Center at 1-800-4-FED-AID (toll free) or 1-319-337-5665. You must provide them with your Social Security number and date of birth as verification.
Am I required to file a FAFSA every year?
Yes. After filing the FAFSA for the first time, you will receive a Renewal FAFSA Application which contains preprinted information from the previous year’s FAFSA.
What is the difference between the Law School Financial Aid Office and the University’s Enrollment Services Office?
Law students’ financial needs are serviced by both the Law School’s Financial Aid Office and the University’s Enrollment Services Office. The two offices have separate administrative functions. The Law School’s Financial Aid Office, located at 33 West 60th Street, 9th Floor, determines eligibility for Fordham’s need-based grants and named scholarships. The Office also provides guidance related to application procedures for Federal, private and bar loans, assists with credit issues, provides exit interviews and advice on loan repayment and loan repayment assistance programs. Contact: firstname.lastname@example.org
The University’s Enrollment Services Office, located at 113 West 60th Street, 2nd Floor (Lowenstein Building), is responsible for processing your federal and private loans, distributing your tuition bill, the monthly tuition payment plan, processing refunds, assessing late fees and distributing 1098-T forms. Contact: 212.636.6700 ext. 5.
How do I apply for Fordham’s Need-based Financial Aid?
In order to be considered for Fordham’s need-based aid, you must complete the Fordham Financial Aid Application which is available on the admitted students’ website.
When should I complete the Fordham Financial Aid application?
First year students are strongly urged to complete the Fordham Financial Aid application shortly after being accepted to the Law School to insure that you are afforded full consideration for Fordham’s need-based grants and named scholarships.
Continuing students who were determined ineligible for Fordham’s need-based aid in a prior year and whose parental financial circumstances have changed may complete the Fordham Financial Aid application no later than June 1st. Applications are available upon request by e-mailing law email@example.com.
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. The family contribution consists of a parent contribution, as well as a student contribution.
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 application. In addition, spousal income is considered as is a portion of student income for evening division students.
As an evening student, am I eligible for Fordham’s Financial Aid?
Yes. To be considered for Fordham’s need-based financial aid, all students are required to complete the Fordham Financial Aid application and submit parental financial information.
I am married, work full-time, and no longer receive financial support from my parents. Do I still have to provide parental information?
Yes. In order to be considered for Fordham’s need-based aid, all students must provide parental information on Fordham’s Financial Aid application. Reviewing the student’s parental financial information enables us to determine the neediest students, based on family size, age of parents and asset/income information and treat all applicants equitably.
We understand that there are sometimes special situations and individual circumstances that cannot accurately be reflected in the application. If you would like us to consider your special circumstances, please include the detailed information on the financial aid application. Or, you may call our office, send us an email, or make an appointment to meet with a financial aid representative.
I am estranged from one of my parents and do not have access to his/her information. What should I do?
If you are estranged from one of your parents and have no way of acquiring his/her information, please complete the Fordham Law Financial Aid Application with as much parental information as you can. In the “Special Circumstances” section, please provide a detailed explanation of why you are unable to provide a parent’s information. You can attach an additional sheet with your application, if necessary. The more information you provide in the application, the better equipped we are to understand your family’s financial situation and provide you with an accurate financial aid package.
If I wish to be considered for one of the Named Scholarships listed at the Financial Aid website, how do I apply?
Upon submitting the Fordham Financial Aid Application, you will be considered for any and all Named Scholarships for which you are eligible. There is no separate application.
I received an outside scholarship. Must I notify the Law School Financial Aid?
Yes. Students are required to contact the Law School Financial Aid Office at firstname.lastname@example.org as soon as possible after receipt of any outside, private scholarship assistance. Any outside assistance you receive will affect your eligibility for other financial aid funds. Students may receive up to the cost of attendance in financial aid for the academic year. If an outside scholarship exceeds that maximum, then other aid for which you may no longer be eligible must be reduced or cancelled.
How can I access my financial aid information at My.Fordham.Edu?
Only admitted and continuing students may access my.fordham.edu. Click on the Student tab and log into Financial Aid. Navigate across the tabs on top to see your cost of attendance, financial aid awards, view the financial aid documents received, see the disbursement dates and track your education loans.
How do I renew my Fordham financial aid?
Merit scholarships are guaranteed renewable throughout your three or four years at the Law School. Fordham’s grants are guaranteed renewable for all second-year students (day and evening) and for third-year evening students. Rising third-year day and rising fourth-year evening students must complete a Summer Earnings Information Form no later than June 1st in order to renew their Fordham financial aid, as the aid may be reduced by one-half of the student’s summer earnings in excess of $15,000.
What is the Federal Direct Unsubsidized Loan and how do I apply?
The Federal Direct Unsubsidized Loan is not need-based. The maximum a student may borrow in the Federal Direct Unsubsidized Loan program is $20,500. Interest begins to accrue on this loan from the date of disbursement at the rate of 6.8%. Students are advised to review the section on Federal Loans at the Financial Aid Website and then consult the Applying for Aid section for step by step instructions on how to apply.
Please note that as of July 1, 2012, the Federal Direct Subsidized Loan is unavailable to graduate and professional school students.
What is the Federal Direct Graduate PLUS Loan and how do I apply?
The Federal Direct Graduate PLUS Loan (Grad PLUS) is a non-need, credit-based loan available to law students who have an absence of bad credit. Interest begins to accrue on this loan from the date of disbursement at the rate of 7.9%. Most students borrow the maximum in Federal Direct Unsubsidized Loans first. The Grad PLUS Loan is then used as a supplement to the Federal Direct Unsubsidized Loan. Further information on the Grad PLUS Loan can be found at the Financial Aid website under Loans. To apply, consult the Applying for Aid section of the website for step by step instructions.
What are my other loan options, if any?
Private loans, or alternative loans as they are sometimes referred to, are available to law students with very good credit to cover educational expenses. A co-signer may be required in order to obtain a private education loan. Private loans lack important consumer protections, such as deferment, loan forgiveness, flexible repayment options, and they cannot be included in a Federal Loan Consolidation. Many have variable interest rates that change every quarter, with no cap on the interest rate. Please consult the Financial Aid website for further information on obtaining a private loan.
When can I expect my loan proceeds to hit my tuition account?
One half of your total loan proceeds will be applied to your tuition account three days prior to the start of each semester.
I did not borrow the maximum in the Federal Direct Unsubsidized Loan. How can I borrow more and what is the deadline for applying for additional loan funds?
Complete another Federal Direct Stafford Loan Request Form. You can apply for a federal loan for the current academic year up to the last day of class. Since loan processing time takes at least 2 to 3 weeks, you should apply no later than three weeks prior to the scheduled end of classes.
I have run out of money and need to borrow an additional Grad PLUS Loan. What do I do?
You may borrow up to the cost of attendance less any financial aid you received for the academic year. To determine the remaining amount that is available for you to borrow, go to my.fordham.edu and click on the Student tab then log into Financial Aid. Your cost of attendance and all financial aid for the academic year will be listed under the Awards tab. If your last Grad PLUS Loan request is older than 90 days, another credit check will be required. Go to studentloans.gov to complete the section Request a PLUS Loan. Then complete the Grad PLUS Loan Request Form. If your last Grad PLUS Loan request is less than 90 days old, you need only complete the Grad PLUS Loan Request Form or e-mail us the additional amount you wish to borrow.
Tuition charges will be applied to your tuition account in mid-July for the fall semester and mid-December for the spring semester. Payment is due generally within two-three weeks after the charges have been applied to your account.
Is there a Tuition Payment Plan?
Yes. On behalf of Fordham University, Tuition Management Systems (TMS), an affiliate of Key Bank, offers a Tuition Payment Plan on either a ten or twelve month yearly basis or on a semester basis with five monthly payments. Further information can be obtained at www.afford.com/fordham.
I have a credit balance on my tuition account, but my refund hasn’t been processed. What do I do?
Refunds are generally automatic. If you do not receive a refund within ten days after a credit balance has appeared on your tuition account, kindly contact the student accounts office at email@example.com or call 212-636-6700 and your refund will be processed within 24 hours.
How do I enroll in Direct Deposit so that my refund is deposited directly into my checking/savings account?
To have your refund check deposited directly in your checking/savings account, you must complete a Direct Deposit Application. The Form must be returned, together with a voided check, either in person to the Enrollment Services Office, 2nd Floor, Lowenstein Building, or by mail to Fordham University, Thebaud Hall 205, 441 Fordham Road, Bronx, NY 10458.
If you received your tuition bill and your Fordham Financial Aid is not reflected on the bill, please e-mail the financial aid office at firstname.lastname@example.org.
What if I don’t know the current holders of my law school loans?
Log on to http://www.nslds.ed.gov. The National Student Loan Data System is the Department of Education’s central data base which will list all your federal loans. You will need your PIN to access the data base. If you lost or forgot your PIN, request one at www.pin.ed.gov/PINWebApp/pinindex.jsp. To obtain private loan information, log on to annualcreditreport.com. For information concerning your Fordham Revolving Loans, e-mail Kathleen Keenan at email@example.com.
When will repayment of my Law School loans begin?
Federal Direct Grad PLUS Loans have no grace period and you will be called upon to begin repayment of these loans within 30 to 60 days after graduation. Federal Direct (Stafford) Loans have a six-month grace period. Lenders have the option of choosing to begin tolling the grace period from the last date of enrollment (which is the last day of the examination period) or from the graduation date. Fordham Revolving Loans carry a six-month grace period and June 1 is used as the separation date. Interest will begin to accrue on your Fordham Revolving Loans on December 1st and repayment will begin on January 1st. Private loans have a 6-9 month grace period, depending upon the lender.
What is the rate at which my law school loans are accruing interest?
• Subsidized Stafford and Federal Direct Subsidized (Stafford) Loans borrowed after July 1, 2006 do not accrue interest until the loans go into repayment. Then interest accrues at the fixed rate of 6.8%.
How do I distinguish among the lender, loan holder and servicer?
The lender is the bank or lending institution from which you borrowed. The loan holder is the organization that currently owns your loan. The servicer is the agency employed by the lender/loan holder to service the loans. Servicing includes billing, collecting payments, processing requests for deferment, forbearance, cancellation, and answering your inquiries. Once in repayment, you generally contact the servicer of your loan.
What is the difference between a deferment and a forbearance on my Federal loans?
Who is servicing my Fordham Loan?
Affiliated Computer Services, Inc. (ACS) is Fordham’s Loan Servicer
Has Fordham sold my loans to ACS?
No. Fordham has hired ACS to perform billing and collection on its behalf.
What is my loan account number?
Your Fordham Revolving Loan account number is 48400-your social security number-01. For security purposes, your social security number has been decoded. To obtain the decoded number, log on to ACS's website at http://www.acs-education.com. or check your Disclosure Statement.
At what rate is interest accruing on my Fordham Loan(s)?
8% per annum.
How Do I Contact ACS?
By telephone: 1-800-826-4470
Can I check my loan balance on line?
Log on to ACS’s website at http://www.acs-education.com.
When will the first payment of my Fordham Revolving Loan(s) become due?
May graduates - January 1st
Can I make my payments on-line?
Log on to ACS’s website at http://www.acs-education.com and make a payment through ACS’s Express Pay.
Are credit card payments accepted?
Suppose I have lost my coupon payment booklet, where do I mail my payment?
ACS, Inc. - Education Services
Be sure to include your account number on your check: 48400-your social security number-01, so there’s no confusion as to which account to apply your payment, as ACS may be servicing another of your loans.
How are payments applied to my Fordham Revolving Loans?
Payments are first applied to any outstanding fees, then to interest and lastly to the outstanding principal.
Is there a penalty for accelerating payment on my Fordham Revolving Loans?
No. Payments in excess of the required installment will be applied directly to reduce principal, decreasing the unpaid balance upon which interest will accrue for the next interest calculation period.
At what point is my payment considered late?
Payments are due on the first of each month. You have a fifteen-day grace period each month to get your payment to ACS. If your payment is not processed by the close of business on the 15th of the month, a $10 late fee will be assessed.
I’ve moved. How do I update my address with ACS?
How do I obtain a deferment on repayment of my Fordham Loan(s)?
E-mail firstname.lastname@example.org. ACS has no authority to grant you a deferment on repayment of your Fordham Loans.
Does Fordham have a Loan Forgiveness Program?
Yes. Fordham’s Loan Forgiveness Program is available to all graduates who borrowed from Fordham’s Revolving Loan Fund. To be eligible, graduates must be employed in government service, federal, state or city, or in a non-profit public interest organization qualified under Section 501(c)(3) of the Internal Revenue Code. There is a maximum income level that participants in the program may not exceed.
What is the maximum qualifying income for participation in Fordham’s Loan Forgiveness Program?
The maximum qualifying income is $66,850 for calendar year 2012..
What is the application deadline for Fordham’s Loan Forgiveness Program?
The application deadline is November 1st or within one month after the graduate obtains qualifying employment. Graduates have three years from the date of graduation to apply for this Program.
As a participant in Fordham’s Loan Forgiveness Program, will I be required to make payments on my Fordham Loan(s)?
No interest will accrue and no payments need be made on your Fordham Revolving Loans while you are a participant in Fordham’s Loan Forgiveness Program. If you participate in the Program for three full years, one-third of your Revolving Loan(s) will be forgiven. After four full years of participation in the program, another one-third will be forgiven. If you complete five full years of participation, you will owe Fordham nothing on your Fordham Revolving Loans.
Are Judicial Clerks eligible for Fordham’s Loan Forgiveness Program?
If I have a question concerning my Fordham Revolving Loans not answered here, whom should I contact?
E-mail email@example.com or call 203-746-0163.