Timing for asking for more money?

[Salt Salt]

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I was recently accepted to two schools: one with a significant scholarship and another that offers scholarships but has yet to extend them. I would *much* rather attend School 2. The schools are very comparable in terms of ranking (though perhaps not yield---I suspect School 2 has a higher yield).

I have three questions.

1) Should I ask for money from School 2?
2) If yes, should I wait to hear back to see if I was offered a scholarship first? Or just do it ASAP? I'm afraid that if I wait until they are announced, that I won't be able to get one as easy because they have already been extended.
3) School 2's scholarships are bigger. Will this drastically decrease my chances of positive results?

My stats are higher than average at both schools, if that matters (not trying to humble brag, sorry). Thanks everyone. Adcoms especially welcome @Goro @LizzyM @gyngyn @TheUnknownAdcom

 

[Salt Salt]

Bump

 

[PlaqueBuster]

You have nothing to lose by asking for money. If they have scholarship's and are waiting to extend them, you will get that package at the minimum. But by asking politely, informing them of your offer from another school, and suggesting that they are your number 1 school and you want to attend it, you may get more.

 

[Salt Salt]

You have nothing to lose by asking for money. If they have scholarship's and are waiting to extend them, you will get that package at the minimum. But by asking politely, informing them of your offer from another school, and suggesting that they are your number 1 school and you want to attend it, you may get more.

Thanks for your response. I'm a little confused though. Are you recommending asking now, or waiting to see if I'm getting one anyways? And what do you mean about the "getting that package at the minimum"?

 

[PlaqueBuster]

Ask now. If they have already determined to give you something (seeing you got a scholarship from another school), you will get that at the least. They won't change their package they would have given you based on this request. Which is why I said there is nothing to lose.

 

[Salt Salt]

Good point. I guess I was just afraid about looking too pushy and ruining my chances. Especially because School 2's scholarship is significantly bigger.

 

[PlaqueBuster]

Good point. I guess I was just afraid about looking too pushy and ruining my chances. Especially because School 2's scholarship is significantly bigger.

At the least, ask them as to when they will be sending out financial aid package info.