Why They Should Negotiate
"Colleges often have a bit of flexibility with tuition and financial aid packages, and sometimes all it takes is a conversation to access those resources. Especially if your circumstances have changed—like if there's been a financial setback in the family, or you've received a better offer from another school—it's absolutely okay to ask for a review."
Do Research First
"Before you reach out to the financial aid office, it's a good idea to do some research. Know what you're asking for and why you're justified in asking for it. For example, if you've received a better financial aid offer from another institution, that's useful leverage." It can make sense to even apply to multiple institutions, just to have the opportunity to negotiate.
How to Start the Conversation
When you do contact the financial aid office, be polite, respectful, and express gratitude for the aid you've already been offered. Then, clearly explain your situation and why you're asking for additional help. Put your request in writing.
FAFSA maximizes your chances of receiving financial aid. FAFSA is required for State and Federal student aid programs, including the Federal Pell Grant, which does not need to be repaid. It is also necessary for many additional awards or financial assistance provided by private organizations, foundations, and colleges or universities.
Be Prepared to Follow Up
Remember, the worst they can say is 'no,' and even if that happens, you're no worse off than you were before. But if they say 'yes,' it could make a big difference in making your education more affordable.
Example Script
Here's a quick script to give you an idea of what you might say:'Hello, my name is [Your Name], and I'll be attending [School] this coming fall. First, I want to express my gratitude for the financial aid package I've been offered; it's a big help. However, I've received a more generous offer from another school and was wondering if there's any flexibility in improving my current aid package to make attending [School] more feasible for me and my family.
Encouragement
Don't underestimate the power of asking. You're advocating for your education and your future, and that's something to be proud of.
Private institution tuition is on a sliding scale. Many colleges and universities base tuition prices on each family's ability to pay. They calculate this number based on the EFC from your FAFSA.