The Loyola Scholarship is the award Fordham uses for strong applicants who sit outside the top merit bands. It is worth between $1,000 and $12,500 a year against tuition, and both first-year and transfer applicants are considered.
Selection happens inside the admission read, so nothing extra is required from you. The amount within the range depends on how your academic record and leadership compare with the rest of the admitted group.
Even at the top of the range this covers a modest share of Fordham's annual cost, so it works best stacked with family funding. The amount stays the same each year for up to four years while you keep a 3.0 GPA and full-time enrolment.