College acceptances are pouring in. Upper middle class (UMC) students are getting excited, realizing they’ve accomplished their dream of acceptance into the college of their choice. However, when students and parents look at their financial aid award letter, another emotion washes over them. One of dread.
Financial aid is a tough game to play these days. And the government and colleges are not giving much aid o UMC families. If this happens to you, is there any way to get more money?
Let’s start with the federal government. Their answer is pretty much set and it’s impossible to reach anyone at a US government office in regard to a financial aid package. Therefore, the only option you have is to go directly to the individual college and talk with the Financial Aid Officer (FAO). The FAO is the person who decides how much money each student receives. It is possible to negotiate for more money, but your reasons have to well-documented and legitimate.
Therefore, as you can guess, the FAO holds a lot of power. It is in your best interest to be polite to her/him and not waste the FAO’s time. If the college is too far, simply request a phone meeting. Or if possible, request an in-person meeting. Remember, you have every right to ask about your financial aid package. And if you have the supporting documents, you have every right to ask for more aid.
Here is an article that covers everything you should know when dealing with an FAO:
Best of luck to you and your family. Please contact us with any questions. We’ll be happy to assist you in this stressful (but joyous) time. And congratulations to all those students who were accepted to their dream colleges. Well-done!
~ the WPC team