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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"?

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"?

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.

Yeah they don't have a form. They want you to verbalize what you want and then they deny or approve. Thanks anyway...

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...

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).

Also, you need to retake the LSAT.

runinthefront wrote:

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...

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).

Also, you need to retake the LSAT.

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."

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!

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.

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."

When you are living on non-dischargeable debt a modest budget is a pretty good idea.

jchiles wrote:

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."

When you are living on non-dischargeable debt a modest budget is a pretty good idea.

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