Re: Negotiating Merit Aid
Posted: Wed Mar 13, 2013 4:48 pm
What's the consensus on asking for a specific amount? i.e. being awarded $15,000, requesting $25,000 and hoping they meet you in the middle at $20,000.
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I asked for a specific amount during my negotiation process and was initially denied, but later given the specific amount I asked. I had reasoning though, I calculated cost of living between the schools, etc. and said $X is how much I'll need to attend your school and it cost me the same as attending competitor school. YMMV.ph5354a wrote:What's the consensus on asking for a specific amount? i.e. being awarded $15,000, requesting $25,000 and hoping they meet you in the middle at $20,000.
You can, but don't expect anything more at this point. Top 50% isn't too bad of a stip though?cnjorda wrote:I negotiated my scholarship amount, but didn't think to negotiate the stipulation. I need to be in the top 50% of my class to keep it. I already put down my seat deposit and residence hall security deposit, so I lost a lot (if not all) negotiating power. Any advice about how to approach the subject anyway? I negotiated the amount twice with the Dean of Admissions who basically said not to ask for more money again. Should I talk to him? Talk to my point of contact?
That's a tough one since you've already fired two bullets. Maybe you could follow up with another person, and lead-in with a question about the stipulation policy - something that's not answered on the website - how many people lose their scholarships/are scholarships lost completely or reduced? Explain you're relying heavily on funding and toss in an inquiry about the possibility of having the stip removed altogether toward the end.cnjorda wrote:I negotiated my scholarship amount, but didn't think to negotiate the stipulation. I need to be in the top 50% of my class to keep it. I already put down my seat deposit and residence hall security deposit, so I lost a lot (if not all) negotiating power. Any advice about how to approach the subject anyway? I negotiated the amount twice with the Dean of Admissions who basically said not to ask for more money again. Should I talk to him? Talk to my point of contact?
Yes, the added stipulation to increase my scholarship to a little over half tuition was that I have to stay in the residence hall for the first year. I'm moving across the country, so it's convenient, but damn expensive.chrisbru wrote:You can, but don't expect anything more at this point. Top 50% isn't too bad of a stip though?cnjorda wrote:I negotiated my scholarship amount, but didn't think to negotiate the stipulation. I need to be in the top 50% of my class to keep it. I already put down my seat deposit and residence hall security deposit, so I lost a lot (if not all) negotiating power. Any advice about how to approach the subject anyway? I negotiated the amount twice with the Dean of Admissions who basically said not to ask for more money again. Should I talk to him? Talk to my point of contact?
Did you say residence hall security deposit? Ouch. I can't imagine living in university housing.
Thank you for the advice. I'm going to do that. It's worth a shot.justonemoregame wrote:That's a tough one since you've already fired two bullets. Maybe you could follow up with another person, and lead-in with a question about the stipulation policy - something that's not answered on the website - how many people lose their scholarships/are scholarships lost completely or reduced? Explain you're relying heavily on funding and toss in an inquiry about the possibility of having the stip removed altogether toward the end.cnjorda wrote:I negotiated my scholarship amount, but didn't think to negotiate the stipulation. I need to be in the top 50% of my class to keep it. I already put down my seat deposit and residence hall security deposit, so I lost a lot (if not all) negotiating power. Any advice about how to approach the subject anyway? I negotiated the amount twice with the Dean of Admissions who basically said not to ask for more money again. Should I talk to him? Talk to my point of contact?
No. Acceptance at sticker may not be a negotiating factor. It depends on the disparity of rank, cost, etc.ALeal90 wrote:So I just got off of the phone with Ann Levine and she tried to tell me that acceptance to a higher ranked school with better employment/bar passage rates aren't solid points to bring up in the negotiation process when trying to get money from a lower ranked school. Is she on crack?
So say the disparity of rank is 2 tiers for one school and one tier for another and at a peer institution, my COA would be lower because I can commute from my parents house. All three schools have better employment and bar passage rates than this lowly tier 4. Still no chance at a solid negotiation letter?chrisbru wrote:No. Acceptance at sticker may not be a negotiating factor. It depends on the disparity of rank, cost, etc.ALeal90 wrote:So I just got off of the phone with Ann Levine and she tried to tell me that acceptance to a higher ranked school with better employment/bar passage rates aren't solid points to bring up in the negotiation process when trying to get money from a lower ranked school. Is she on crack?
If you're trying to negotiate with a tier 4, you're doing it wrong IMO. But, since this thread isn't for me to tell you that going to a 4th tier school is stupid...ALeal90 wrote:So say the disparity of rank is 2 tiers for one school and one tier for another and at a peer institution, my COA would be lower because I can commute from my parents house. All three schools have better employment and bar passage rates than this lowly tier 4. Still no chance at a solid negotiation letter?chrisbru wrote:No. Acceptance at sticker may not be a negotiating factor. It depends on the disparity of rank, cost, etc.ALeal90 wrote:So I just got off of the phone with Ann Levine and she tried to tell me that acceptance to a higher ranked school with better employment/bar passage rates aren't solid points to bring up in the negotiation process when trying to get money from a lower ranked school. Is she on crack?
So pretty much don't remind a school of how shitty they are and that they should literally pay for it. I find that ridiculous. Like c'mon man I have schools with better opportunity to get a jahhb. Why not offer me more money to raise your bullshit medians?chrisbru wrote:If you're trying to negotiate with a tier 4, you're doing it wrong IMO. But, since this thread isn't for me to tell you that going to a 4th tier school is stupid...ALeal90 wrote:So say the disparity of rank is 2 tiers for one school and one tier for another and at a peer institution, my COA would be lower because I can commute from my parents house. All three schools have better employment and bar passage rates than this lowly tier 4. Still no chance at a solid negotiation letter?chrisbru wrote:No. Acceptance at sticker may not be a negotiating factor. It depends on the disparity of rank, cost, etc.ALeal90 wrote:So I just got off of the phone with Ann Levine and she tried to tell me that acceptance to a higher ranked school with better employment/bar passage rates aren't solid points to bring up in the negotiation process when trying to get money from a lower ranked school. Is she on crack?
Yeah, in that case it's worth a shot. I wouldn't phrase it like "these schools do better in employment" but rather hey, my COA would be a lot lower here, can you do anything to make that more affordable?
Because the schools know that if you didn't have a reason to go there, you wouldn't bother negotiating. Don't be the girl at the bar that tries to find out which guy will buy her the best drinks and the best breakfast in the AM. If you don't want to go there, then don't go there. If you need to remind a school that you are out of their "league", as you make it seem, then stop fucking them around. You clearly have better offers, is a bottom tier full ride worth it?ALeal90 wrote: So pretty much don't remind a school of how shitty they are and that they should literally pay for it. I find that ridiculous. Like c'mon man I have schools with better opportunity to get a jahhb. Why not offer me more money to raise your bullshit medians?
Ok. So how about instead stating in my negotiation email, "I've gotten into schools X,Y and Z. Bar passage and employment rates are all a major concern for me. Not to mention, school Y is close enough to my parents house to where I can commute from home. In this instance, my COA would be decreased dramatically as I would have to pay no living expenses by living at home. Again, I appreciate your offer but cost of attendance at your school would be double the price of school Y. Can you make my decision a little easier?" Something along those lines like telling them they're shitty without actually saying it? Lolchrisbru wrote:Because the schools know that if you didn't have a reason to go there, you wouldn't bother negotiating. Don't be the girl at the bar that tries to find out which guy will buy her the best drinks and the best breakfast in the AM. If you don't want to go there, then don't go there. If you need to remind a school that you are out of their "league", as you make it seem, then stop fucking them around. You clearly have better offers, is a bottom tier full ride worth it?ALeal90 wrote: So pretty much don't remind a school of how shitty they are and that they should literally pay for it. I find that ridiculous. Like c'mon man I have schools with better opportunity to get a jahhb. Why not offer me more money to raise your bullshit medians?
(hint: the answer is no. Don't go to a bottom tier school).
I still don't understand why you so desperately want more money from this school if you think it sucks so much.ALeal90 wrote: Ok. So how about instead stating in my negotiation email, "I've gotten into schools X,Y and Z. Bar passage and employment rates are all a major concern for me. Not to mention, school Y is close enough to my parents house to where I can commute from home. In this instance, my COA would be decreased dramatically as I would have to pay no living expenses by living at home. Again, I appreciate your offer but cost of attendance at your school would be double the price of school Y. Can you make my decision a little easier?" Something along those lines like telling them they're shitty without actually saying it? Lol
Appreciate it brahh. Prob gonna say how beautiful their 1990s facilities are and how nice their profs are. I really want to use the full ride as leverage for a higher ranked school.. But in any case, it would be nice to know that I have a full ride waiting for me somewhere if it doesn't work out that way. I just hope they offer a good amount off the bat. Their 75th percentile gpa/lsat are 3.26/150 for entering fall 2013 class.. My numbers are 3.8/154.. I'm planning to retake in October or December but there's a chance I may be out of the country both months so we'll see. Do you think with my numbers now I would have a full ride shot at this tttt ?chrisbru wrote:I still don't understand why you so desperately want more money from this school if you think it sucks so much.ALeal90 wrote: Ok. So how about instead stating in my negotiation email, "I've gotten into schools X,Y and Z. Bar passage and employment rates are all a major concern for me. Not to mention, school Y is close enough to my parents house to where I can commute from home. In this instance, my COA would be decreased dramatically as I would have to pay no living expenses by living at home. Again, I appreciate your offer but cost of attendance at your school would be double the price of school Y. Can you make my decision a little easier?" Something along those lines like telling them they're shitty without actually saying it? Lol
However, that sounds fine, but I would definitely put in there why you want to go to the school so they know you are interested and not just dicking them around.
You might have a shot. I really don't know much about TTTT scholarships.ALeal90 wrote: Appreciate it brahh. Prob gonna say how beautiful their 1990s facilities are and how nice their profs are. I really want to use the full ride as leverage for a higher ranked school.. But in any case, it would be nice to know that I have a full ride waiting for me somewhere if it doesn't work out that way. I just hope they offer a good amount off the bat. Their 75th percentile gpa/lsat are 3.26/150 for entering fall 2013 class.. My numbers are 3.8/154.. I'm planning to retake in October or December but there's a chance I may be out of the country both months so we'll see. Do you think with my numbers now I would have a full ride shot at this tttt ?
No, do it now before they can pledge all of their scholarship money. If they are offering you a scholarship this early, they are interested, and you should talk to them about your financial concerns sooner rather than later.Snowboarder1588 wrote:Hi guys, this is all great info, so thank you for posting it. I have a quick question, do you guys think it's too early to negotiate scholly money at this point? Basically I got 2 offers from very similar schools, but school A happens to be in a better geographic preference for me. School B gave me a renewable scholly, while A only gave me a 1 time scholly. I'm wondering if I should wait a little later into the cycle before negotiating or if it's fine to do it now. Any thoughts?
Thanks! I like that prespective.chrisbru wrote:No, do it now before they can pledge all of their scholarship money. If they are offering you a scholarship this early, they are interested, and you should talk to them about your financial concerns sooner rather than later.Snowboarder1588 wrote:Hi guys, this is all great info, so thank you for posting it. I have a quick question, do you guys think it's too early to negotiate scholly money at this point? Basically I got 2 offers from very similar schools, but school A happens to be in a better geographic preference for me. School B gave me a renewable scholly, while A only gave me a 1 time scholly. I'm wondering if I should wait a little later into the cycle before negotiating or if it's fine to do it now. Any thoughts?