If you find that you haven’t received enough money for college, you might want to check out a sample financial aid appeal letter asking for more money. College tuition has skyrocketed and has increased by over a 1,000% over the last three decades, far outpacing the rate of inflation. As a result, student debt has exploded and recent graduates have bleak futures of paying off their debt for many years to come.
Don’t let this happen to you! Being neck-deep in student debt can be avoided if you use your head early on and dedicate some of your time to find opportunities to fund your education. Even if you have to take on loans, there are many ways to cut down your tuition bill so college can be more affordable. Below are free sample letters you can use to get more financial aid.
Reevaluating A Financial Aid Package
You’ve gotten into the school of your dreams, but there is one problem. Their financial aid package is not as impressive as your other choices and you’re deciding between the school you want to go and the money you will have to pay. Surprisingly, this situation is quite common amongst high school seniors who are ready to head to college in the fall. Don’t let money be an issue that prevents you from attending the school of your dreams.
I am requesting a reevaluation of my financial aid package. Although the financial aid of $12,000 is very generous, I have received much larger financial aid packages from other schools (List the other schools that are offering you more). New York University is my dream school and I believe I would be an excellent addition to your undergraduate program. Unfortunately, without a bigger monetary award, I will not be able to afford the education at your institution.
I hope that you will be able to review my application for financial aid. I am even willing to meet you in person to further discuss my qualification and what I would be able to bring to your institution. I look forward to hearing from you soon.
Hardship Letter for Financial Aid
If you are genuinely undergoing a hardship that will serve as a detriment to paying for your education, you should address this in your letter. Keep in mind that it is best to completely be honest about your current situation. Do not exaggerate your hardship because you may be asked to prove it through documents.
I am writing to you concerning about the financial aid package that I received from New York University (NYU). While the award of $12,000 is very generous, I still will not be able to afford an education at the current tuition rate. I ask for an increase in my financial aid package. Even a slight increase would be of great help.
I am a single mother currently working two jobs to support my 4 year old and 8 year old boys. I intend to enroll full-time at school and work part-time as well. I will be depending largely on my savings to support my family and any financial help would be greatly appreciated. The increase in financial aid will go to help pay for tuition, books, room and board. While there are many people who are in similar situations as myself, I believe that my credentials and accomplishments will make a great addition to NYU.
I am simply asking for another chance, and I strongly believe an NYU education will help me obtain my dream job of becoming an accountant. I want to improve the standard of living for my myself and my sons, and I cannot do that without obtaining a higher education. I am also willing to meet the board in person to further discuss my qualifications. I hope to hear from you soon. Thank you.
Things to Consider
When asking for an increase in your financial aid package, you want to come across as sincere and honest as possible. Tell your story but stick to facts. Do not exaggerate or embellish your story. Keep in mind that most college boards are bombarded every year for reassessments on monetary packages. Often times, the reasons that are provided are not justified for an increase, however, there are students with legitimate reasons that really do need the extra help.
Always offer to meet face to face with the people who are in charge of reassessing your aid package. This shows that you are determined and willing to discuss your current situation and shows that you are dedicated to attending their school. The willingness to show that you are committed to attending their school is a huge plus.
Don’t put all your eggs in one basket. If you didn’t get the aid package you were hoping for, start applying to other scholarships that are readily available on the web. Apply for specific scholarships that match your gender, ethnicity, GDP and income status. By doing this, you stand a better chance of actually winning. If you do a quick Google search for scholarships, you’ll find a slew of sites that are catered to your needs. When I was applying to college, I used FastWeb, to apply to a whole bunch of scholarships and I was able to actually win $10,000 dollars as a result. I applied for ones that required essays because writing is my strong point and I knew that I could differentiate myself from all the other candidates through the power of words. In addition to looking at specific scholarships, apply for ones that will capitalize on your strongpoints.