When I speak to parents about college planning “loopholes” and “landmines,” one of the most interesting topics (judging from the questions I get) is how to negotiate with colleges.
I’m speaking tonight in Dix Hills in detail about this, but I wanted to quickly share my 5 steps for successfully negotiating with a college:
- Understand that colleges are BUSINESSES (I know, they’re “nonprofit!”) and, as such, do not always give their highest and best offers because they want your money!
- The best way to stack the odds in your favor is to have offers from other, competitor colleges. This means that high school juniors should think about applying strategically – NOT only to colleges featured on rear windows of cars in your neighborhood, Saturday afternoons on ESPN or in March Madness (Prediction – Villanova will report receiving a record number of applications this year)
- Follow each college’s rules for appealing a financial aid offer – most have paperwork for you to complete (yay – more forms!) to request a re-evaluation of your award
- Have a legitimate reason to ask them to reassess your award – some colleges claim that they will not look at other offers, I’d send them anyway. Other legit reasons are unanticipated loss of income and unexpected increase in expenses. Not: We live in an expensive area of the country! (They know that already, they consider that to be a choice you’ve made.)
- Be nice, grateful, courteous. Not outraged, entitled or aggressive. Obvious tip that should go without saying? Um, yeah. No comment.
If you want more of the “411” on negotiations/appealing and other college planning strategies, come on by tonight at the Half Hollow Hills Library!
Other topics to be covered:
- How to “hide” your money from the financial aid formulas, the financial aid office and James Comey
- Legal and ethical strategies to triple your eligibility for financial aid
- The biggest college planning mistake 53% of parents make…and how to avoid it
- The counter-intuitive, inconvenient truth behind published admissions statistics…and what you need to know – and do as early as 9th grade – to multiply your odds of getting in
- The one question your Class of 2018 or younger kid must answer on a college application…but isn’t actually asked
Sign up now, we still have 7 seats left as of this morning. Bring a friend who could use this info, just forward this email
-Andy “Art Of The Financial Aid Deal” Lockwood
P.S. I know, I know, it’s not easy to pull yourself away from the latest Wikileak bombshell scheduled for release tonight. But I recommend you come anyway. Chances are you’ll be able to catch up on the news after our workshop.