Saving Thousands with Financial Appeals
College Admission offices report to me that less than 1 in 25 applicant-families know how to appeal for larger scholarship awards.
College Financial Aid offices report to me that less than 1 in 100 applicant-familiesknow how to appeal for larger financial aid awards.
Combined, parents are leaving tens of thousands of dollars on the table and needlessly overpaying for college. Not our CollegeLogic families though. They know how to appeal for larger awards. We plan well ahead and strategize along the way to create our strongest leveraging position.
Just this week, we saved a mom over $25,000/ year in college costs by submitting two appeals in the following way:
- We create leverage in admissions for improved merit awards two ways. One, by securing larger scholarships from comparable colleges. And two, by securing lower price points from comparable colleges. Our application strategy is designed to generate these options. We submit the supporting documents to the admissions office in the form of an appeal. They submit the appeal to their board for review. In many cases, the awards are increased relative to the numbers and in accordance with the college policy.
- We increase financial aid awards routinely by knowing the college numbers and using them in our appeal. We base it on the situation in which the family EFC is less than the net cost of the college, thereby qualifying the family for university need-based aid. We apply the college-stated percentage of need-met to the qualifying amount to determine expected financial aid. When the financial aid award of the college does not meet the expected amount, we appeal. When the factual and indisputable numbers are applied, a favorable determination is usually met.
The appeal process is this simple, yet this elusive, adding tens of thousands of additional costs to college expense.
To see how we routinely help families get college right, saving parents thousands in college costs, click here- CollegeLogic
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Founder and CEO, CollegeLogic
Office # 203.470.3704