Sorry if this has been asked before...
How do you go about asking for a budget increase in financial aid loans? What are some good reasons for asking for an increase? What are some reasons that will get you a quick "no"?
Budget increase question Forum
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twenty
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Re: Budget increase question
Requests that you can't get a budget increase for, for starters. Your school should have a form where you can make a request - you'll probably have to provide documentation for things.ms2dai wrote:Sorry if this has been asked before...
How do you go about asking for a budget increase in financial aid loans? What are some good reasons for asking for an increase? What are some reasons that will get you a quick "no"?
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ms2dai
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Re: Budget increase question
Yeah they don't have a form. They want you to verbalize what you want and then they deny or approve. Thanks anyway...
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runinthefront
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Re: Budget increase question
You ask. You should be able to differentiate between good reasons (e.g., my laptop without a warranty is fried and a need a new once) vs. dumb reasons (e.g., I'm going to need more money because I want to take a trip out to Cali during Spring Break).ms2dai wrote:Yeah they don't have a form. They want you to verbalize what you want and then they deny or approve. Thanks anyway...
Also, you need to retake the LSAT.
Last edited by runinthefront on Sat Jan 27, 2018 12:20 am, edited 1 time in total.
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ms2dai
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Re: Budget increase question
Gotcha. They seem big on modest budgets but we will see what works. Not retaking the LSAT ... the score would be around the same. Standardized testing was never my "thing."runinthefront wrote:You ask. You should be able to differentiate between good reasons (e.g., my laptop without a warranty is fried and a need a new once) vs. dumb reasons (e.g., I'm going to need more money because I want to take a trip out to Cali during Spring Break).ms2dai wrote:Yeah they don't have a form. They want you to verbalize what you want and then they deny or approve. Thanks anyway...
Also, you need to retake the LSAT.
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runinthefront
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Re: Budget increase question
Okay. You will likely leave your school with crippling debt without a job that pays enough to service your debt comfortably, so I would try and be as conservative with the amount of money you take out. I think the interests rates are like 7.8% or something now Grad Plus loans. Just something to consider when deciding whether or not you must have an increase.
Good luck OP!
Good luck OP!
Last edited by runinthefront on Sat Jan 27, 2018 12:20 am, edited 1 time in total.
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A. Nony Mouse
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Re: Budget increase question
My understanding is that the best reason for a budget increase is that you have kids or other dependents. You can't get an increase for car payments.
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jchiles
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Re: Budget increase question
When you are living on non-dischargeable debt a modest budget is a pretty good idea.ms2dai wrote:
Gotcha. They seem big on modest budgets but we will see what works. Not retaking the LSAT ... the score would be around the same. Standardized testing was never my "thing."
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ms2dai
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Re: Budget increase question
Truejchiles wrote:When you are living on non-dischargeable debt a modest budget is a pretty good idea.ms2dai wrote:
Gotcha. They seem big on modest budgets but we will see what works. Not retaking the LSAT ... the score would be around the same. Standardized testing was never my "thing."
