Potential Magazine Winter 2016 | Page 17

Be Realistic Be honest and keep your request within reason. For example, you probably shouldn’t expect a more prestigious university to compete with an offer from a less competative school; if you are going to use another college’s offer as leverage they should be fairly comparable. You also shouldn’t expect the financial aid office to offer more due to high mortgage payments or other regular expenses that are within your control to change. Timing is Everything! It can be most beneficial to ask for more money in the window soon after receiving the school’s offer but before sending in any deposits (May 1 is the national deadline so you have time!). The reason is twofold: appeals process. If this is the case, keep records and be sure make note of the names of the people you speak to as you go; they’re a wealth of information and are almost always eager to help, so you’ll want to get to know them by name! 5 minutes = $ 4000 • Extra scholarship money may be depleted if you wait too long to make your request, and • Once schools have sent an acceptance letter to your teen, they become somewhat invested in them. But once your teen has committed with a deposit, schools may feel less pressure to give any extra incentives to draw them in. Angie Hayden is Managing Editor of Potential Magazine and mother of two girls. She is always on the lookout for ways to pay for college. Know the Process Keep in mind that while a quick email did the job in our case, every school is different and your teen’s school may have an Math Help Math Enrichment Test Prep Homework Help INGOME WADRCN OULD BEC YOUR CHIL h t a m t u o b a y z a Cr Mathnasium of Montgomery 334.356.1570 mathnasium.com/eastmontgomery 3441 Taylor Road Montgomery, Al 36116