The Washington Post: “In just a few weeks, families across the country will find out how much their children will receive in financial aid … This will send students and their parents into a frenzy over how to persuade the colleges to give them more assistance. Negotiating for additional financial aid isn’t easy … But if you want to plead your case for more money, there’s a way to strengthen your argument.” Mark Kantrowitz comments: “Negotiation for more financial aid depends on presenting a college financial aid office with documentation of special circumstances that affect the family’s ability to pay.”
“Here’s the reality: Most demands for more money fail — miserably. Although appeals are seldom successful, you have a slightly better chance at private nonprofit schools and high-cost colleges, which often have a policy of providing more aid to needy students … If, however, your financial circumstances have changed, it’s worthwhile to submit an appeal. A number of special circumstances can affect a family’s ability to pay. These include a recent job loss or salary reduction, unusually high child-care expenses, or medical costs not covered by health insurance.”
“Kantrowitz provides useful suggestions on writing an appeal letter, including the do’s and don’ts. For example, don’t ask for a specific amount of money. Do detail a significant financial hardship.”
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