When to Negotiate Financial Aid?

[YellowSalamander]

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I've been fortunate to receive a full-tuition scholarship at a competitive institution this cycle. When should I go about negotiating financial aid with other programs? Before or after they release their financial aid packages?

 

[Mr.Smile12]

Thread 'VIDEO (University of Chicago) Negotiating financial aid for medical school'

Feb 28, 2024

Please let me know if the video disappears. Link added to Becoming a Student Doctor.

• Mr.Smile12
• financial aid negotiation
• Replies: 6
• Forum: Financial Aid

• 

Is there a reason why you want to go to another school that doesn't offer you a free ride?

 

[YellowSalamander]

Is there a reason why you want to go to another school that doesn't offer you a free ride?

I'm incredibly grateful for my acceptance to the program and the scholarship. However, I believe the other school is a better mission fit given my professional interests, closer to my support system, and the state politics is considerably more tolerant, a factor I deem important given that I am LGBTQ+. The cost of attendance is an important consideration, but I also have to consider my happiness and wellbeing.

 

[Mr.Smile12]

I'm incredibly grateful for my acceptance to the program and the scholarship. However, I believe the other school is a better mission fit given my professional interests, closer to my support system, and the state politics is considerably more tolerant, a factor I deem important given that I am LGBTQ+. The cost of attendance is an important consideration, but I also have to consider my happiness and wellbeing.

Do your calculations for the difference in COA that will be shared with your financial aid office to whom you are requesting help (as the video suggests). Make sure your other questions about student support with your school with full tuition are answered. Check for other opportunities that could be partly funded (for now) at the mission fit school that could later impact the COA.

 

[YellowSalamander]

Do your calculations for the difference in COA that will be shared with your financial aid office to whom you are requesting help (as the video suggests). Make sure your other questions about student support with your school with full tuition are answered. Check for other opportunities that could be partly funded (for now) at the mission fit school that could later impact the COA.

Thank you! I plan to attend both of the second-look events next month, and will take it from there. If I am lucky they might offer to match, but not expecting anything.

 

[drcdbby]

Do your calculations for the difference in COA that will be shared with your financial aid office to whom you are requesting help (as the video suggests). Make sure your other questions about student support with your school with full tuition are answered. Check for other opportunities that could be partly funded (for now) at the mission fit school that could later impact the COA.

Hi, I wanted to ask if you still recommend doing this between a lower tier full coa scholarship(this school has the higher coa between the two) and a higher tier full tuition one that I would like to negotiate a stipend from?

 

[drcdbby]

Hi, I wanted to ask if you still recommend doing this between a lower tier full coa scholarship(this school has the higher coa between the two) and a higher tier full tuition one that I would like to negotiate a stipend from?

Sorry to add on to this post