The Financial Aid Department offers assistance in Spanish, Russian, and Vietnamese. Does my Direct Loan eligibility cover the entire cost of the program? What are the eligibility criteria to apply for or receive the Direct Graduate PLUS Loan? The U.S. Department of Education pays the interest on subsidized loans while you are enrolled in an undergraduate program. informed decision. Graduate students are eligible to apply for the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS Loan. Therefore you should check this account regularly. Credit balances are refunded directly to the student as soon as possible, but no later than 14 days after the first day of classes or the date the funds were applied to a students accountwhichever comes last. New York, NY 10023, 2023 Fordham Law School | Fordham University, Free Application for Federal Student Aid (FAFSA). Veterans who are utilizing Post-9/11 GI Bill benefits and who are entitled to 100 percent of their benefit may be eligible. term. Your loan(s) will be posted as accepted.. What are the accepted forms of payment?There arevarious payment methods offeredthat will assist you in paying your tuition and fees. Am I required to accept the full amount that I am offered on my award letter? You may visit the DOE website for more information onloan repayment plans. Contact your lender for default resolution options. The maximum aggregate loan limit for federal loans is $138,500 and does not include PLUS loans or private loans. fees can be found on theInterest Rates and Fees pageof the Federal Student Aid website. You can now experience face-to-facevirtual assistance from our representatives, or you can walk into our Rose Hill or Lincoln Center on-campus locations. Phone: 718-817-3820 Email: [email protected] The unsubsidized loan begins accruing interest as soon as funds are disbursed. Can I consolidate my graduate loans and my undergraduate loans? In addition to viewing invoices, a student can authorize a third party (e.g., parent or sponsor) to view the bill. Register and log in. The loan origination fee is deducted proportionately from each loan disbursement you receive. Shortly after registration, students are sent a billing statement. ], Maintain satisfactory academic progress (SAP). Therefore, graduate students are not eligible for the Federal Pell Grant nor the Direct Subsidized Loan. Payments are usually due monthly. What is the current Direct Unsubsidized Loan interest rate? For tuition and financial aid questions, email Student Financial Services at financialaid@fordham.edu or call 718-817-3800. Once you are admitted and complete the financial aid process, any Federal Direct Loan requested will be posted to your account on themy.fordhamportal. In addition to viewing invoices, a student can authorize a third party (e.g., parent or sponsor) to view the bill. website. The request should include all relevant information describing the special circumstances upon which the appeal is based. When will I get access to my Fordham user account? You may also choose to have your loan cover the fall, spring, and summer terms. You may visit the DOE website for more information onloan repayment plans. Active Duty is in the military full time and is not currently eligible for the Yellow Ribbon Program (YRP). Students and authorized payers can verify the adjustment by logging in to my.fordham.edu (My EBill). Students and authorized payers can verify the adjustment by logging in atmy.fordham.edu(My EBill). This certification must be processed by Academic Records before your loan proceeds can be disbursed. Checks should be made payable to Fordham University. receive academic credit. For those students who are eligible to pay by credit card, payment may be made in person or by calling Enrollment Services during regular business hours at 718-817-4900 or by accessing My.Fordham and clicking on "Make a Payment." Credit card payments sent to the P.O. The FAFSA must be completed each academic year in order to remain eligible for federal student aid. The Matriculated Student Status Certificate form (see below for more information) must be completed by a student who may be registered for fewer credits to qualify for half, three-quarters, or full-time certification for purposes of veterans' benefits and federal financial aid eligibility. Unsubsidized Loans. Can I use financial aid to cover the deposit?Federal student aid cannot be used to pay the deposit. For example, the summer 2023 term is a part of the 2022-23 academic year. You can learn more aboutgraduate annual loan limitson the Federal Student Aid website. What is the Expected Family Contribution (EFC)? 5:03. Retrieving an electronic copy of your 1098-TIn order to retrieve your 1098-T electronically, you will need to log in to my.fordham.edu. What is the process if Im eligible for a refund?A credit balance occurs when a student has funds credited to their account that exceed the total amount of their direct charges. We appreciate your understanding and patience as our staff is workingremotely. Yes. This informational form filed with the Internal Revenue Service reports the amounts billed for qualified tuition, scholarships and grants, and related expenses for students enrolled in Fordham courses for which they Does Fordham offer a payment plan for the online program? An academic year is the period of time for which financial aid is used to fund your education. Fordham email, financial aid, bill payment, and academic course information. What is the Yellow Ribbon Program (YRP)?TheYellow Ribbon Programallows degree-granting colleges and universities in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed the annual maximum cap per military academic year. To do so, please follow the instructions below. Delinquency of outstanding balances, including those from deferred or other payment plans, are subject to collection by the University or a designated agent. [If you are involved in degree requirements with a credit equivalency that will raise your enrollment to at least half-time (e.g., dissertation or comprehensive examination preparation), you can file an enrollment certification form with your school or department to become eligible. . What are my options if Im denied the Direct Graduate PLUS Loan?If you are denied the Graduate PLUS Loan, you may reapply with an endorser or follow instructions on theDepartment of Educations websiteto appeal the denial. more aboutloan consolidation. During this six-month grace period, you will receive repayment information from your loan servicer and be notified of your first payment due date. VisitFordham Veterans Associationfor more information, including theVeterans ChecklistandFAQs. Additionally, holds will be placed on future registrations, University housing, official transcripts, and diplomas. Fordham grants and scholarships, TAP, and other aid may be prorated, canceled, or returned to the program. The voucher must also include the following employer information: company name, billing address, and contact information. and Ph.D. degree programs. Can I use a private education loan to pay all or a portion of my balance?Yes. The Expected Family Contribution (EFC) is a measurement of your ability to contribute toward your educational costs. Generally, the due date is two to three weeks after the invoice is generated and will be reflected on the invoice. Learn more about the Post-9/11 GI Bill. Half of your loan will disburse at the beginning of the fall term and the other half at the beginning of the spring term. The FAFSA is available online by visiting thefederal student aid website. TheYellow Ribbon Programallows degree-granting colleges and universities For example, the summer 2021 term is a part of the 2020-21 academic year. Students must attempt and complete no fewer than 6 credit hours per term. loans. My.Fordham Libraries Career Services Fordham IT Fordham News Human Resources Policies Faculty and Staff Directory Give Give Now Fordham Fund The Financial Aid Campaign Where Gifts Are Needed Celebrating Donors Ways to Give Contact Us Advisory Boards Athletics Varsity Sports Tickets Club Sports Intramurals Education does not evaluate need nor income for loans at the graduate or professional level. processed. What documents are required to process military education benefits?Visit Vets.gov to complete theEducation Benefits Application, which generates a request for the Certificate of Eligibility (COE). To be eligible for any Federal Direct Loan, you must be: Will I need to fill out the FAFSA each year? See IRSPublication 970Tax Benefits for Higher Education for details on education tax benefits. including: Fordham utilizes electronic billing (E-Bill) to generate invoices. the student account. What is the aggregate loan limit?The aggregate loan limit is the total amount that you may borrow in federal student loans for undergraduate and graduate study. Am I required to accept the full amount that I am offered on my award letter?If you would like to decrease your Unsubsidized Loan or have loan proceeds returned, email the financial aid office at financialaid@fordham.edu. We will work effortlessly to address your questions and concerns in a timely and efficient manner. Make sure to note the total amount of the payment before initiating the transaction. My.Fordham.edu is the gateway to Fordham's online services for students, faculty, staff and alumni. Subject (course) information includes any changes approved for the current academic year. Be enrolled in a minimum of 9+ credits in any degree program within the Graduate School of Education for the entire academic year. The U.S. Department of Education pays the interest on subsidized loans while you are enrolled in the undergraduate program. Do I need to include my Social Security number (SSN) in my application for admission to be eligible for aid?Yes, your SSN must be included in your application for admission so your FAFSA can be downloaded by Fordham. If you wish to borrow more, we encourage you to consider theFederal Direct Graduate PLUS Loan. You will also need to complete Entrance Counseling and electronically sign the Loan Agreement Master Promissory Note (MPN) for your loans to disburse. You may also contact Anne Treantafeles, the veterans entry academic adviser, at 212-636-6602 or What are the repayment plan options and how do I select one? Payment in full for all charges must be made to the University on or before the due date on the first bill of the semester. When will I receive my financial aid award? Students must maintain a minimum grade point average of 3.0 for ADV, ADVN, M.S., M.S.E., and M.S.T. Students are responsible for verifying that their waiver was submitted correctly. However, if you repay some of your loans to bring your You can reach our Student Financial Services staff most readily via email. Learn more about the types of federal student aid. For billing questions, email the Office of Student Accounts at studentaccts@fordham.edu or call 718-817-4900. Students are liable for any costs incurred in the collection of delinquent accounts. What constitutes an academic year for federal student aid? You will be notified before the start of the fall term if you are not making SAP and given options on how to appeal your status. If you are attending for only one term, there will be one disbursement at the beginning of the term and your total loan amount will be sent to Fordham in one payment. Further detail is available on theRefunding of Credit Balancespage. You must first secure a Grad PLUS credit decision. Therefore, graduate students are not eligible for the Federal Pell Grant nor the Direct Subsidized Loan. Box address will be returned to the sender. Education uses to determine if you are eligible to receive federal student aid. For the most up-to-date payment methods, pleasego to the Student Accounts website. Fordham has been committed to assisting veterans achieve in their higher education. You are not required to pay while in school; however if you choose to, there is no penalty to prepay. For further information about your Fordham email, including how to access it via mobile device, see theFordham IT Do Direct PLUS Loans affect my aggregate loan limit?Only Direct Subsidized/Direct Unsubsidized Loans (formerly referred to as Stafford loans) and federal loans made through the Federal Family Education Loan (FFEL) Program count toward your aggregate loan limit. What is the difference between active and non-active duty? How do I apply for the Direct Graduate PLUS Loan? If you wish to borrow, we ask that youmake your loan request online. Note: The dates and refund portions are determined each year; the information below is approximate and subject to change. Promissory Note (MPN) on thefederal student aid websiteif you have not previously done so. Lincoln Center You regain eligibility for another $20,500 each fall. The loan origination fee is deducted proportionately from each loan disbursement you receive. Complete details on the financial aid application process for graduate students at Fordham are available in theFinancial Aid Guide and Federal Direct Loan Request Form for Graduate and Professional Schools. Registration, late payment, student activities, laboratory, maintenance of matriculation, and other special fees are not refundable after classes begin. Learn more aboutgraduate annual loan limits. Are there any loan forgiveness options available?Please review the Department of Education website for more information onfederal loan forgiveness programs. The plan is administered on either an academic year-based If the voucher is received past the bill due date, you will be responsible for any late fees incurred. Generally, this is the 12-month period that begins on July 1 and ends on June 30 of the following year. Please email studentaccts@fordham.edu to request a 1098-T to be generated for you if you fall into one of the two categories listed. We appreciate your understanding and patience as our staff is working remotely. Please reference the table below to determine which FAFSA to complete based on your desired start date: The summer term is considered a trailer to the academic year. You should be aware that the University administration will send official messages only to your Fordham Our commitment to this program guarantees that ALL tuition and fees are fully covered for admitted veterans who are classified in the VAs maximum benefit category of eligibility. View Fordhams third-party billing information. Learn more about the difference between unsubsidized and subsidized loans. The 1098-T forms for Fordham University are administered byEducational Computer Systems, Inc (ECSI). The primary purpose of theForm 1098-Tis to inform students that this required information When will loans disburse to my student account? websiteand select the Request PLUS Loan link. What criteria is used to determine eligibility for federal student aid? the add/drop period has passed. Learn more about loan consolidation. have been admitted and claim your Fordham ID IT credentials. There is a loan origination fee that is a percentage of the total loan amount. ECSI mails and electronically sends your 1098-T. By Jan. 31 all eligible students should receive their 1098-T tax statement. Regulations stipulate that a students unpaid charges on their bill must be satisfied before a refund can be What is the difference between a Direct Unsubsidized Loan and a Direct Subsidized loan?Direct Subsidized Loans are available to undergraduate students with financial need. Are students required to accept university health insurance?Students who do not complete a waiver prior to the deadline will automatically be enrolled in and charged for each semester in which they are enrolled. New students who want to withdraw the acceptance of our offer of admission are required to write a letter stating that they want to withdraw from the Graduate School of Education (GSE). Credit balances are refunded directly to the student as soon as possible but no Help page. If you would like to decrease your unsubsidized loan or have loan proceeds returned, email the financial aid office at financialaid@fordham.edu. View Fordhams third-party billing information. in school, there is no penalty if you choose to prepay. Fordham is my school. For a complete outline of program tuition and fees visit ourtuition and fees page. Contact Us. Phone: 718-817-4900 Email: [emailprotected] Hours of Operation: Monday - Friday, 9 a.m. - 5 p.m. New York is my campus. Student Accounts: 718-817-4900 Student Employment: 718-817-3820 Admission - Undergraduate Day*: 718-817-4000. Yes. The aggregate loan limit is the total amount that you may borrow in federal student loans for undergraduate and graduate study. Direct Subsidized Loans are available to undergraduate students with financial need. Maia Munich, 19, was nearly attacked by the goose. Information on Direct Graduate PLUS Loan origination fees can be found on theInterest Rates and Fees pageof the Federal Student Aid website. For a complete outline of the online MSL program tuition and fees, visit ourtuition and fees page. If you are attending the fall and spring terms, there are two disbursements. While you are not required to pay while How much am I eligible for with the Direct Unsubsidized Loan?Most graduate-level students are potentially eligible to receive up to $20,500 per academic year from the Direct Unsubsidized Loan. . Learn more aboutfederal student aid eligibility criteriaon the Federal Student Aid website. attend. You may also choose Academic Records: 718-817-3900; Fax: 718-817-2685 The PDF includes all information on this page and its related tabs. Learn more about the types of federal student aid. Subsequent to the receipt of your voucher, the Student Accounts office will send an invoice to your employer. Learn more aboutinterest rateson the Federal Student Aid website. You should be aware that although you can defer payments while you are in school, interest will still accrue on your loan(s). Will I be able to view my award package before submitting the deposit?Once you are admitted and complete the financial aid process, any Federal Direct Loan requested will be posted to your account on the my.fordham portal. The maximum aggregate loan limit for federal loans is $138,500. studentaccts@fordham.edu Hours of Operation: Monday-Friday, 9 a.m. - 5 p.m. Lincoln Center Campus Financial Aid Financial Services Leon Lowenstein Building 113 West 60th Street Room 214 New York, NY 10023 Phone: 718-817-3800 Fax: 718-817-3921 Email: financialaid@fordham.edu Hours of Operation: Monday-Friday, 9 a.m. - 5 p.m. Student Accounts When can I apply for the Direct Graduate PLUS Loan? A credit check is performed to determine whether a Graduate PLUS Loan applicant meets this requirement. For example, for the 2023-2024 year the cost of tuition is $1,045 per credit1: Please note that tuition per credit does not include per semester fees. Borrowers are not required to make payment while in school but are encouraged to make quarterly interest payments to limit the total amount of interest paid. How will I receive my financial aid award letter? service and is YRP eligible at 100 percent COE. What is the Fordham student portal?My.Fordham.edu is the gateway to Fordhams online services for students, faculty, staff, and alumni. When should I complete the FAFSA?The FAFSA is available every Oct. 1 for the upcoming academic year. ECSI mails and electronically presents your 1098-T. **By Jan. 31, all eligible students receive a 1098-T tax statement.**. The Office of Student Financial Services will review and certify loan eligibility based on federal guidelines. Learn more about repayment timelines. Balances that remain unpaid by the due date will incur a late fee of $15 or 1.5% per month, whichever is greater. was provided to the IRS, as well as help evaluate whether a student is eligible for an educational tax credit. Fordham University Refunding of Credit Balances, Financial Aid Guide and Federal Direct Loan Request Form for Graduate and Professional Schools, Federal Direct Unsubsidized Loan, you must complete the online Federal Direct Unsubsidized Loan Request Form. How will I receive my financial aid award letter?You will be notified by email once your financial aid offer is posted to your account on the my.fordham portal. Current and former students may login to show their courses completed, where relevant, in the Bulletin. On April 20, a goose control company called Geese Relief was spotted on . Fordham Identification Number (FIDN). You can apply for the Direct Graduate PLUS Loan within 180 days of the start of your program, or once you are enrolled. While phone calls may not be the quickest way to reach us at this time, we will have designated team members ready to answer phone inquiries. If you need to borrow more than your maximum eligibility in the Federal Direct Unsubsidized Loan, consider the Federal Direct Graduate PLUS Loan. How much can I borrow with the Direct Graduate PLUS Loan?If approved for the Grad PLUS Loan, you can borrow up to the cost of attendance as determined by Fordham. to have your loan cover the fall, spring and summer terms via three disbursements, each at the beginning of each term. Exceptions: Please note Fordham University is not required to provide 1098-Ts to non-matriculated or non-resident alien students. What are my options if Im denied the Direct Graduate PLUS Loan? If you wish to borrow a Federal Direct Unsubsidized or Federal Direct Graduate PLUS Loan, the Free Application for Federal Student Aid (FAFSA) should be completed along with yourloan requestform at least two to four weeks prior to requiring your loan funding. Your email should come from your Fordham email address and must include Please note that private education loans are not listed on this site. The primary purpose of IRS Form 1098-T is to inform you that we have provided this required information to the IRS. Can I consolidate my graduate loans and my undergraduate loans?A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan including both graduate and undergraduate loans. Fordham Law Students: Please visit the School of Law Registrar. Visit Vets.gov to complete theEducation Benefits Application, which generates a request for the Upon University request, you must also provide acceptable documentation to clarify any existing data conflicts from your FAFSA. Questions regarding eligibility should be directed to the VA at 888-442-4551. loans. We urge you to contact your tax advisor, call the IRS at 800-829-1040, or visit theIRS websiteif you have any questions regarding the HOPE or Lifetime Learning Tax Credits. you are in school; however, you will need to check with your loan servicer. School-based aid consists of funding provided by Fordham GSE. Phone: 718-817-4900 Email: [email protected] Student Employment. Fees are determined by program. We will work effortlessly to address your questions and concerns in a timely and efficient manner. Information about the estimated cost of attendance per year is available from the Office of Student Accounts. Information on Direct Graduate PLUS Loan Financial Aid: [emailprotected] Student Accounts: [emailprotected]. The Universitys refund policies and procedures ensure equitable refunds to students who withdraw from all or a portion of their studies or when payment is in excess of the total charges. Learn more aboutgraduate annual loan limits. For Questions About Student Loans: Contact the Financial Aid Office. 113 West 60th Street One-third of your loan will disburse at the beginning of each term. Are there any additional loan fees for the Direct Unsubsidized Loan?There is a loan origination fee that is a percentage of the total loan amount. Can I use loans to cover additional expenses (e.g., housing, books, supplies)?The total cost of attendance (COA) for the academic year includes tuition, fees, and living expenses. For help in understanding your invoice, visitUnderstanding Your Bill. Generally, payment is due 2-3 weeks after being billed and will be reflected on the invoice. The enrollment fee ranges from $75 to $110. The Department of The loan origination fee is deducted proportionately from each loan disbursement you receive. The maximum annual Direct Unsubsidized Loan eligibility is $20,500. Who can I contact at Fordham for questions about military education benefits? How do I set up my Fordham ID and password?In order to access the features listed above, you MUST claim your MyFordham account. When is tuition payment due?The payment due date will be approximately two to three weeks from the date of your invoice (see above). Do I need my parents tax information to complete the FAFSA if I live on my own? Learn more aboutfederal student aid eligibility criteriaon the Federal Student Aid website. Once approved for benefits, the VA will mail the COE to you within 6-8 weeks from submitting the application. Letters should be directed to the admissions office at gse_admiss@fordham.edu. If a student is in one of these two categories, Fordham University can generate a 1098-T by student request. How do I retrieve an electronic copy of my 1098-T? Therefore, the Office of Student Accounts begins processing refunds once the add/drop period for a college has passed. The lenders listed on ELM Select have worked with Fordham in the past and are offered for your convenience. Any additional monies will be returned to the student. Contact Information Student Accounts West Campus - West Building, W193, 1st Floor, Section M SAO@sacredheart.edu 203-371-7925 203-365-7536 If eligible for a refund, you may receive funds via direct deposit at no cost; or have your refund sent via check. We are an approvedYellow Ribbon Program University. The Office of Student Financial Services is available to counsel students and families on various financing options. How does my employer go about paying the school? Matriculating in a degree granting program, Enrolled at least half-time as determined by your academic department, Have a valid Social Security number (SSN), Be registered with Selective Service if you are male (you must register between the ages of 18 and 25), Be enrolled or accepted for enrollment in an eligible degree program, Be enrolled at least half-time in an eligible program. Letters should include the date of withdrawal, student ID number, and program name. In addition to borrowing limitations based on the cost of attendance for the program, students are also limited in terms of lifetime borrowing. What are the consequences if my tuition bill is not paid when classes begin?You may start classes but need to have the bill completely satisfied before you are able to register for the next term. The non-refundable enrollment deposit is $250. You will be redirected to the ECSI website, where you can select which tax year you wish to view. Your loan(s) will be posted as accepted.. How much am I eligible for with the Direct Unsubsidized Loan? Box address will be returned to the sender. Spring invoices are generated in December. This form is available once you have been admitted and claim your Fordham ID IT credentials. Students who receive a voucher from their employer to finance their education must present it to the Office of Student Accounts.