On April 9, 2026, Fordham University CFO Tokumbo Shobowale announced via university-wide email that undergraduate tuition will increase 4.5% for 2026-27, bringing the annual figure to $67,925. Room and meal plan costs will rise 3%. It is the fifth consecutive year Fordham has raised tuition. The CFO cited inflation driving operational costs, and stated that Fordham will increase financial aid for students with the greatest need. New aid packages for the incoming class of 2030 already reflect the higher rate.

Fordham University sent an email to students, faculty, and staff on April 9 with a number that caught many families off guard: $67,925 — the new annual undergraduate tuition for 2026-27, up 4.5% from the current year.1

That figure doesn't include room, board, or fees. Add those in, and the full sticker price of a Fordham education is approaching $85,000 per year for students living on campus.

The announcement came from Chief Financial Officer Tokumbo Shobowale, who attributed the increase to inflation pushing up operational expenses across the board. Room and meal plan costs are also increasing, by 3%. Shobowale noted that "Fordham will increase financial aid for those with the biggest need" — and that the 2026-27 rate is already factored into aid packages for incoming students in the class of 2030.2

It is the fifth year in a row that Fordham has raised tuition.

What $67,925 Actually Means

The headline number is striking. The more useful number is what you actually pay after institutional grant aid.

For most families at selective private universities like Fordham, the sticker price isn't the price. Fordham, like most private colleges with large endowments and high tuition rates, meets a significant portion of demonstrated financial need through institutional grants. The net price — what a family actually pays after all aid is applied — can be substantially lower than $67,925 for students who qualify for need-based aid.

The challenge is that "substantially lower" means different things at different income levels. For families with incomes under $60,000, Fordham may be genuinely affordable with aid. For families in the $150,000-$200,000 range — who often don't qualify for need-based grants at a selective private school but also can't absorb a $67,000 annual bill — the math is harder. Those families feel annual tuition increases most directly.

The practical question is not "how much does Fordham cost?" It is: how much will Fordham cost your family, specifically, after all aid is calculated? The net price calculator on Fordham's website — and on every accredited institution's site — gives you a personalized estimate. Use it before making a final decision.

A Pattern Playing Out Across Private Colleges

Fordham is not an outlier. Private four-year institutions have been raising tuition above general inflation for years, driven by:

  • Rising labor costs for faculty, staff, and benefits
  • Expanded student services — mental health counseling, accessibility programs, career services
  • Deferred maintenance on aging campus facilities
  • Reduced state support (even at nominally private schools that receive some public funding)

At many selective private colleges, total sticker prices — tuition plus room, board, and fees — now exceed $75,000 per year. A smaller number of highly selective institutions have crossed $80,000.1

Understanding the difference between the advertised price and the hidden costs of college is important. So is understanding what colleges with the strongest financial aid actually offer in grants versus loans.

If your Fordham financial aid offer doesn't reflect your family's actual ability to pay, you can appeal it. Write to the Office of Student Financial Services, explain any changes in your family's financial circumstances since you applied, and attach documentation — job loss, medical expenses, divorce, a sibling starting college. About half of families who appeal receive a revised offer. The financial aid appeal guide explains how to write a strong appeal letter.

What Families Should Do Right Now

If you're comparing Fordham to other schools: Run the net price calculator at every school on your list and compare the results side by side. The sticker price comparison is almost always misleading. A school with $75,000 tuition that gives you $50,000 in grants is cheaper than a school with $45,000 tuition that gives you $5,000.

If you're a current Fordham student: Confirm with the financial aid office that your aid package was adjusted to reflect the increase. Most schools do this automatically, but it's worth a quick check before you sign the bill.

If you're a parent planning ahead: The complete guide to paying for college covers payment plans, 529 accounts, and ways to reduce out-of-pocket cost over four years. Also review colleges with the best financial aid programs if you're still building an application list — some of the most generous schools also have some of the highest sticker prices.

If the number simply doesn't work: A $67,000 sticker price is not the only path to a strong education. The guide to how much college actually costs walks through in-state public university, honors college, and community college transfer options that may fit your budget while still putting you on a strong academic track.

Next Steps Before May 1

The national college commitment deadline is May 1. Before you deposit at any school — including Fordham — do three things:

  1. Run the net price calculator and confirm you understand what you'll owe, not just this year but in years two through four (when merit aid can change).
  2. Compare your financial aid offer against every other school where you were admitted.
  3. If your offer is lower than expected, call the financial aid office now — not after May 1.

Footnotes

  1. The Fordham Observer. (2026, April 9). BREAKING: Tuition Increases 4.5% for 2026–27 Academic Year. The Fordham Observer. https://fordhamobserver.com/82633/breaking/breaking-tuition-increases-4-5-for-2026-27-academic-year/ 2

  2. The Fordham Ram. (2026, April 2026). Fordham Tuition to Increase by 4.5%. The Fordham Ram. https://thefordhamram.com/news/breaking-news-tuition-to-increase-by-4-5/