How To: Negotiating Your Financial Aid Package + Email Templates!
The tips, tools, and tricks you need to successfully negotiate your financial aid.
- State your intent: “I would be honored to attend…”
- Mention your other offers: “X other school offered me $X scholarship and it would not make financial sense for me to attend [top choice school] due to this”
- Ask politely: “Is there anything [top choice school] can do to make my decision easier?”
- Emphasize your resolve: “[top choice school] is my top choice and I will attend if only the finances made sense.”
- Mention that you’ve planned: “I need $X more to attend. After budgeting, this is what me/my family can afford…”
- Mention how much you improved over your last semester: “I have worked diligently this last semester, leading my GPA to go up by X points…”
- Keep the email short and fact-filled
- Avoid telling your whole life story, shed light on your overall situation if you wish but keep it succinct
- Include a breakdown of figures illustrating how much you will be falling short
- Use words like “appeal,” and steer clear of words like “bargaining”
- If you have specific documentation (pay-stubs, receipts) that backs up your appeal, think about including them
- I received a better financial aid offer at River College.
- My family’s income has decreased dramatically since my father got laid off from work.
- My family’s expenses have increased dramatically after having to pay medical bills for my mother.
SmarterCollege came into existence to help students and families save money through scholarships, student loans and other financial products. The SmarterCollege Team has worked with tens of thousands of students and families to help them save money.
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