How to Effectively Appeal Financial Aid Packages

The rising cost of college is a barrier to attendance for many students, even with financial aid. But students can get extra money to pay for college, in some cases, by filing a Financial Aid Appeal letter.

Assess Your Current Financial Circumstances -  Applicants who experienced a change to their financial circumstances over the last two years – like layoffs, furloughs or pay reductions brought on by the coronavirus pandemic – should consider filing a financial aid appeal.

Don't call it negotiation -  colleges don't like the word "negotiate" because it sounds like you're haggling at the marketplace or car dealership. Instead families are advised to use the word "reconsideration" in letters and emails to colleges.

Have a Conversation With the Financial Aid Office -  If you're filing for a need-based appeal, send an introductory email to your financial aid counselor and request a time to talk over the phone to discuss special circumstances, experts suggest.

Reach Out to the Admissions Office -  A school's financial aid office only handles need-based aid, so contact the admissions office for appeals related to merit aid. Most additional awards granted by schools are scholarships.

Use a Competing Offer -  Some schools are willing to adjust a student's award package to match a better offer from another college. Much of the merit aid will depend on the school's endowment.

Hold on to deposits –  Experts say there is no reason to commit before the deadline. Wait until you have a complete picture of all your financial aid offers to submit.

Appeal as Soon as You Know Your Needs -  If for any reason you want additional funding, don't wait until right before the deadline to file an appeal – especially for merit-based aid.

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