Financial Aid Package

<p>I heard that you can negotiate with a financial officer for a larger financial Aid package. Is this true?</p>

<p>New York Times just had an article about this a few days ago:</p>

<p><a href="http://www.nytimes.com/2007/01/07/education/edlife/07spending.html?_r=1&ref=edlife&oref=slogin%5B/url%5D"&gt;http://www.nytimes.com/2007/01/07/education/edlife/07spending.html?_r=1&ref=edlife&oref=slogin&lt;/a&gt;&lt;/p>

<p>Hope this answers your question.</p>

<p>
[quote]
Such decisions are made on a case-by-case basis. Students who succeed in securing more aid generally have some leverage: a special talent or high scores as well as a competing offer from a rival school. </p>

<p>

[/quote]

I believe is a key point, the college will reconsider based on how bad they want the student and the school will consider some students to be "expendable" because they can always pull from the waitlist.</p>

<p>However, some of the things you must keep in mind are as follows:</p>

<p>A school that gives FA based on need (example; the ivies, MIT, etc) will not "negotiate" a another school's merit package (you must compare apples to apples)</p>

<p>Most schools will only reconsider if you present an offer from a peer school or a direct competitior. for example: If you are accepted to an Ivy, most will only reconsider your FA package if you present an offer from a peer school (another ivy, MIT, Stanford, AWS). Other schools, if they have the funds would be more likely to reconsider you package if you present a comprable/better one from an ivy.</p>

<p>You should ask how much should you expect this package to change year over year.</p>

<p>If you are looking to increase your merit, you must also ask if the terms of the scholarship is also changing, is there is a phase in to obtaining the GPA, if there is a probationary period should there be a slip in grades, etc.</p>