Applying for financial aid, whether it’s federal aid from the FAFSA or institutional scholarships and grants from the CSS Profile, is a big part of preparing for college for many families. It can be a complicated and lengthy process, and even if you follow all of the steps, complete and submit everything on time, and even follow up with tax documents and other paperwork, the financial aid award you receive may not be fair or appropriate based on your family’s circumstances.
So then what do you do?
One aspect of financial aid that isn’t always understood is the appeal process. For some families and in certain circumstances, an “appeal” or “reconsideration request” may be an opportunity to fairly obtain additional financial aid dollars. This opportunity is not available to all families, and the process should be properly followed in order to save time and to maximize your chances at success.
College financial aid is NOT like negotiating with a car dealership, where bluff and bluster may get you a bigger, better deal. Appealing for more financial aid depends on presenting the college financial aid office with adequate documentation of special circumstances that affect the family’s ability to pay for college.
We cover this more extensively in this episode. Listen in as we discuss appeals and how it might benefit your family! The tips we share in this podcast could literally save you thousands of dollars off the cost of college.