Home | Business | Financing | Grants
Visit Our Online Store
Among the three or four most frequently asked questions about financial aid is whether or not it is possible to ask for and receive an increase in aid. The answer is "yes" for some, and "no" for others, depending on a number of variables. It is true, however, that it may be possible to wind up with an improved scholarship or financial aid package after an exchange with an admissions or financial aid staff member. Every student who applies for financial aid is required to fill out a free federal financial aid form (FAFSA) on which there are questions related to family assets and income. In some instances, colleges will also ask financial aid applicants to provide additional information on an institutional financial aid form. It is the information therein collected that enables colleges to get a picture of a student's financial need. While not all aid requires financial need, federal grants and subsidized loans do. And, federal funds may not be used to award students dollars in excess of their demonstrated need. Thus there is only one way to get an increase in federal funds. If you can demonstrate to a financial aid counselor that your financial status has changed significantly since submitting the FAFSA, or prove the existence of special circumstances, you may be eligible for additional dollars. If you have a case to make, be prepared to submit documentation and you may be successful. Your word alone will seldom if ever be enough. Colleges can be much more flexible with their own funds than they can with federal dollars. Many can and do offer academic, leadership and many other scholarships without regard to need. The Harvard's, Yale's, and Princeton's of the world seldom offer any funds not based on need, but they meet the full financial need of every student they enroll. Other colleges and universities, especially second and third tier privates, often use institutional scholarships to compete with more selective and/or less expensive colleges. Such schools are generally very comfortable using their own dollars to sweeten the pot for high-achieving students. Therefore, students admitted to such colleges might very well be able to meet with an admissions counselor and come away with additional funds if they can demonstrate that attending the college in question would be a financial stretch or that their other college options are significantly less expensive. Note that this kind of conversation should be held with an admissions counselor, not a financial aid counselor. Do not think of a request for more aid as a negotiation, and do not approach it as such. Instead, ask an admissions officer (counselor, director, or dean) for help...help that will enable the student to attend the college without creating severe hardship for his or her family. If you have a good case to make...if you can demonstrate that the financial aid package offered to you puts a college or university out of reach, you may well get the additional aid you need.
Daniel Kane, a university Dean, has created and maintains websites on online college programs and online degrees . You can get a unique content version of this article.
Article Source: http://www.therealarticles.com
5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
Additional Articles From - Home | Business | Financing | Grants
Powered by Article Dashboard