How to Get More Financial Aid for College

I’m going to let you in on a little secret.

Colleges don’t always give you all the aid you are eligible for.

Sometimes, colleges hold money back.  And you have to ask for the money in a special way in order to receive it.

If this sounds a little strange.  It is.

To get a better perspective on how this works, I want you to put yourself in a College financial aid officer’s shoes for a minute.

You’re a college financial aid officer now.  And you have millions and millions of dollars to give away to prospective incoming freshmen, to entice them to come to your school.

You want to give them enough money that they come to your school.  But also, you don’t want to give away so much that your aid dollars dry up.

Now here is where things get tricky. One of the prospective students you offered aid to approaches you and asks if they can have more free money?

So you look a little closer at the student. They are bright, have great scores and grades and interviewed well. They would be a fine addition to your school.  So you offer them $5,000 dollars more of free money.

This should do it, you think to yourself.

But, to your amazement, the student comes back and says they would like some more money.  Because another school they have been accepted to and are deciding on, gave them more free money they your school did.  And the student actually sent you a copy of the aid package the other school made.

Rats!!! You say to yourself. The other school happens to be our biggest competitor and rival.  I can’t let this student end up there.

So you dig deeper in your pockets and give more money to the student.

All told, you offer this student an extra $6,300 dollars per year to come to your school…

Just for asking.

This sounds like a pretty good deal if you’re the student…right?

Of course it does.

Colleges call this the “appeals process.”

We here at collegemadesimple.com call it “negotiations.”

Whatever you want to call it, the fact is, there is an excellent chance you can get more money for college, just by asking and going through the appeals process in the right way.

Maximizing the appeals process comes down to a simple 5-step process, which we
will be discussing in more detail in our next video.

Until then.

I’m Scott Weingold with collegemadesimple.com and The College Planning Network.

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Editor's Note: Scott Weingold has been ranked the #1 “College Financial Aid Expert Worth Knowing About” in the entire country by CollegeStats.org.  He has co-authored the book, “The Real Secret To Paying For College. The Insider’s Guide To Sending Your Child To College – Without Spending Your Life’s Savings.” Scott also publishes a popular free online newsletter, “College Funding Made Simple" which reveals insider’s tips, methods, and strategies for beating the high cost of college.

Scott is the co-founder and a principal of the widely renown College Planning Network, LLC – the nation’s largest and most reputable college admissions and financial aid planning firm. CPN is a proud member of the Better Business Bureau, the National Association of College Funding Advisors, the National Association for College Admission Counseling, the National Association of Student Financial Aid Administrators and the Student Affairs Administrators in Higher Education.

Scott, along with his college funding advisory team, helps thousands of families throughout the country with their college planning needs and offers a series of free educational webinars and workshops on “How To Pay For College Without Going Broke In The Process!” He's been featured or mentioned in The Philadelphia Inquirer, Yahoo News, TheStreet.com, Voice America with Ron Adams, Crains Cleveland Business, and on Cleveland Connection with James McIntyre.  Scott has published numerous articles and is a professional speaker who has addressed thousands of audiences online and offline throughout the United States.  His actionable insights and candid, open approach have earned him & his team numerous media interviews, citations, and speaking opportunities, and his free online video workshop is one of the Internet’s most widely viewed pieces in the college funding space.