To Appeal or Not To Appeal
Whether or not to appeal financial aid award offers is a question many students face this time of year. Maybe the award offer was not as much as you anticipated, or perhaps your circumstances have changed since you filed your application. There are several factors to take into consideration when deciding whether or not to appeal.
- Have your circumstances changed? If there are extenuating circumstances (like family medical bills or a recent layoff) that the financial aid office should know about, it would be reasonable to file an appeal. Be prepared to offer documentation.
- Expenses that were brought on by choice, like a vacation or a new car, are not going to sway the financial aid office in your favor, so don’t bother filing an appeal based on those kinds of financial circumstances.
- Don’t try to negotiate with the financial aid office. They try to be as thorough as possible and it is fair to present new information such as a more generous offer from another school, but there are no guarantees.
- If you do choose to appeal, file it as soon as possible, before all of the available award dollars have been spent.
- Ask the financial aid office for advice. It’s a good idea to call for an appointment to speak to someone in the office. They may be able to recommend other avenues to pursue for help financing your college education.
Piecing together the puzzle of college aid can be a challenging experience, but we can help. Contact us for guidance throughout the financial aid process.
Photo courtesy of s_falkow
Ready for your own success story?
If you’re a typical parent with college-bound students, you’re probably overwhelmed. You want to help your sons and daughters make the right choices and prevent overpaying for their education. You’re not alone! We’re here to help. Schedule your free consultation today – click below to get started!
Catch our free, on-demand webinar:
How to Survive Paying for College
Join Beatrice Schultz, CFP® for our on-demand webinar, where she provides parents with the exact steps that often greatly lower the cost of college, even if there’s little time to prepare.