What is better for negotiating $$$?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.

Which is most effective/respected?

A professional/sincere email
22
88%
A " " mailed letter
1
4%
A phone call
2
8%
 
Total votes: 25

btr77
Posts: 42
Joined: Tue Oct 12, 2010 8:40 pm

What is better for negotiating $$$?

Postby btr77 » Thu Feb 03, 2011 4:58 pm

Any thoughts?

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Verity
Posts: 1253
Joined: Sun Jan 30, 2011 11:26 pm

Re: What is better for negotiating $$$?

Postby Verity » Thu Feb 03, 2011 5:01 pm

The best thing is other, higher offers from peer schools. Bring this to the other schools' attention via a nice, professional email, and hope for the best.

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bk1
Posts: 18425
Joined: Sun Mar 14, 2010 7:06 pm

Re: What is better for negotiating $$$?

Postby bk1 » Thu Feb 03, 2011 5:02 pm

Phone: awkward, especially considering they likely can't get back to you while you are on the phone.

Snail Mail: slow and a pain in the ass, on top of the fact that they have to sort it out of their pile of junk mail.

E-Mail: clear winner, it allows for quick back and forth while also allowing them to get back to you at their convenience.

btr77
Posts: 42
Joined: Tue Oct 12, 2010 8:40 pm

Re: What is better for negotiating $$$?

Postby btr77 » Thu Feb 03, 2011 5:17 pm

On a side note...whats the deal with stipulations? One offer I have is a full ride that requires I remain in the top 40%, the other is 40k that requires a 3.25 GPA. Is top 40% roughly the same as a 3.25. I'm confused.

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bk1
Posts: 18425
Joined: Sun Mar 14, 2010 7:06 pm

Re: What is better for negotiating $$$?

Postby bk1 » Thu Feb 03, 2011 5:26 pm

btr77 wrote:On a side note...whats the deal with stipulations? One offer I have is a full ride that requires I remain in the top 40%, the other is 40k that requires a 3.25 GPA. Is top 40% roughly the same as a 3.25. I'm confused.


Every school has a different curve. 3.25 may be top 40% at some school or it may be top 20%, you don't know unless you know how the school curves its classes.

ETA: Stipulations suck, haggle to get them removed. With a top 40% requirement, there is a 60% chance you will lose your scholarship. Being more likely to lose your scholarship than maintain it is a horrible place to be in.




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