How to get a large scholarship from college

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American schoolchildren and applicants of different ages in the spring are always waiting for letters from colleges about their enrollment and the amount of financial assistance that they can count on. Most applicants are sure that after submitting an application for training and filling in all the necessary forms, it is already impossible to influence anything, but this is not so.

Edition The Penny Hoarder collected tips on how to increase your chances of enrollment and higher scholarship.

1. Make your application interesting

Few of the methods will work if you have low test scores and a low average score. As in any type of bargaining, you need to have what the other party wants: in the case of bargaining with a college, you need to be a student with high performance results.

Therefore, when passing tests and filling out an application, it is necessary to fully concentrate on this process in order to ensure the highest possible result. Successful students in the first place can count on high scholarships.

2. Examine the conditions

Each college has a certain limit on the amount that it can pay as a scholarship, and the maximum percentage of satisfying the student’s financial needs. This information can be found in university data that is publicly available. By checking this data, you will know what the maximum amount of financial assistance you can count on in each institution.

Calculation principle:

Percentage of needs: 75%.

Cost per year: $ 50 000.

Your EFC (the amount that your FAFSA estimates your family can afford): $ 30 000.

Your demonstrated need (gap between tuition and EFC): $ 20 000.

As the college covers the 75% needs demonstrated, you can count on a $ 15 000 scholarship.

If the school has allocated a lower amount to you, then you can appeal, and there is a high probability that it will be satisfied.

3. Appeal to the admissions office

In the university's financial aid department, you can only negotiate based on your stated needs and the percentage that the university is ready to cover. But at the admissions office you can request a higher scholarship for academic merit.

Once you receive a letter from a college inviting you to study, you can begin negotiations with the admissions committee, whose task is to ensure that you study at their institution.

When negotiating with the admissions committee, the numbers to know are the percentage of accepted students who end up enrolling, this data is publicly available.

The lower this percentage, the sooner the college will agree to give new students a higher scholarship if they have an achievement and a high score.

4. Use competition

Another strategy you can use during negotiations with the admissions committee is competition.

If you received a large scholarship at another university, mention this proposal in the admissions office of the institution, which gave you less financial assistance, but in which you would like to study. Confirm your words by attaching relevant documents from another institution to the appeal.

If you have a high average score and showed a good result on the tests, the university will try to equalize the amount in order to induce you to study in this institution.

5. Make sure the college has taken into account all your loans.

If, having started the training, you find out that not all the courses you have attended before and the credits for them were taken into account by your university, do not be silent, contact the dean. After recalculation, it may turn out that you have the opportunity to complete the training earlier and, accordingly, pay less.

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