Negotiating On College Financial Aid Package As a graduating high school senior, you’ve been accepted into two of your top choice colleges. One is your home state university and the other is a small private university approximately 5 hours away from home. Each school offers you very different Financial Aid packages. The package from the private school consists mostly of loans, and the package for the state school consists mostly of scholarships. You really,really want to attend the private school because it has exact major you want and you think you will adjust quicker and better on a smaller campus. Given the less favorable financial aid package and considering greater traveling costs to and from school if you attend the smaller university, you are without additional aid. As you go through the process of deciding on which school to attend, you realize that a recent change in your parents’ job status, resulting in lower income, will impact your financial packages. As such, you want the schools to adjust the financial packages to reflect changes in your family’s need level. The period for submitting financial aid application has passed. The private school has agreed to re-review your paperwork but you must reply that you will attend the school. You might be in a losing situation if you agree to attend the school without knowing how the updated paperwork will impact your financial aid. How do you negotiate that you can not commit to attending the school without the revised financial package? Set up – Have each students take time to prepare for a meeting with financial aid office at the small private university; given it is the top choice school. Use “Tips for Preparing” sheet as guide. Tip – Determine which negotiation style is best applicable in this situation.
Negotiating On College Financial Aid Package As a graduating high school senior, you’ve been accepted into two of your top choice colleges. One is your home state university and the other is a small private university approximately 5 hours away from home. Each school offers you very different Financial Aid packages. The package from the private school consists mostly of loans, and the package for the state school consists mostly of scholarships. You really,really want to attend the private school because it has exact major you want and you think you will adjust quicker and better on a smaller campus. Given the less favorable financial aid package and considering greater traveling costs to and from school if you attend the smaller university, you are without additional aid. As you go through the process of deciding on which school to attend, you realize that a recent change in your parents’ job status, resulting in lower income, will impact your financial packages. As such, you want the schools to adjust the financial packages to reflect changes in your family’s need level. The period for submitting financial aid application has passed. The private school has agreed to re-review your paperwork but you must reply that you will attend the school. You might be in a losing situation if you agree to attend the school without knowing how the updated paperwork will impact your financial aid. How do you negotiate that you can not commit to attending the school without the revised financial package? Set up – Have each students take time to prepare for a meeting with financial aid office at the small private university; given it is the top choice school. Use “Tips for Preparing” sheet as guide. Tip – Determine which negotiation style is best applicable in this situation.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Negotiating On College Financial Aid Package
As a graduating high school senior, you’ve been accepted into two of your top choice colleges.
One is your home state university and the other is a small private university approximately 5
hours away from home. Each school offers you very different Financial Aid packages. The
package from the private school consists mostly of loans, and the package for the state school consists mostly of scholarships. You really,really want to attend the private school because it has
exact major you want and you think you will adjust quicker and better on a smaller campus.
Given the less favorable financial aid package and considering greater traveling costs to and
from school if you attend the smaller university, you are without additional aid. As you go
through the process of deciding on which school to attend, you realize that a recent change in
your parents’ job status, resulting in lower income, will impact your financial packages. As such,
you want the schools to adjust the financial packages to reflect changes in your family’s need
level. The period for submitting financial aid application has passed. The private school has
agreed to re-review your paperwork but you must reply that you will attend the school. You
might be in a losing situation if you agree to attend the school without knowing how the updated
paperwork will impact your financial aid. How do you negotiate that you can not commit to
attending the school without the revised financial package?
Set up – Have each students take time to prepare for a meeting with financial aid office at the
small private university; given it is the top choice school. Use “Tips for Preparing” sheet as
guide.
Tip – Determine which negotiation style is best applicable in this situation.
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