How Much Financial Aid is Worth Negotiating Over?

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alittlefly
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Joined: Sun Mar 08, 2015 7:43 am

How Much Financial Aid is Worth Negotiating Over?

Postby alittlefly » Thu Apr 09, 2015 3:56 pm

I definitely don't want to come off as a penny-pincher and haggle over nothing, but what amount of financial aid difference is worth negotiating over?

$10k? $5k? Even $1k?

For my specific circumstances, it's a difference of a little less than $3k for sheer financial aid, though it comes out to be a difference of $7k when it comes to including cost of living (just for the 2015-2016 school year). Worth negotiating?

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OhBoyOhBortles
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Joined: Wed Oct 22, 2014 10:01 am

Re: How Much Financial Aid is Worth Negotiating Over?

Postby OhBoyOhBortles » Thu Apr 09, 2015 4:05 pm

Yep.

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BrazilBandit
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Joined: Sun Aug 03, 2014 8:33 pm

Re: How Much Financial Aid is Worth Negotiating Over?

Postby BrazilBandit » Thu Apr 09, 2015 4:06 pm

"You miss 100% of the shots you never take"

wildhaggis
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Joined: Sat Oct 15, 2011 1:47 pm

Re: How Much Financial Aid is Worth Negotiating Over?

Postby wildhaggis » Thu Apr 09, 2015 4:08 pm

Any amount.

What is the cost to you of doing so? What is the drawback?

If you are successful, this is the easiest money you will ever make.

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AreJay711
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Joined: Tue Jul 20, 2010 8:51 pm

Re: How Much Financial Aid is Worth Negotiating Over?

Postby AreJay711 » Thu Apr 09, 2015 4:48 pm

Do it just to do it. $5k might not seem like much, but over 13 years with interest (for the longest $5k you owe) that's over $10k. You'll pay it off with your last X number of payments sequentially. You could have bought yourself a Rolex those last few months instead.

Or you could do PAYE, dodge the tax bomb through poverty, and be no worse off.




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