How To Ask The College for more Scholarship: Financial Aid Negotiation Tips

To be able to study abroad is a chance many students would give an arm and a leg for. International education will act as the springboard to a good job and a better life. But all is not roses to get an education abroad. Education is expensive, tuition and fees for housing and other fees add up to a lot. But hope is not lost; there are scholarships abroad. To be eligible to get scholarships, applicants need to apply with their application form,and their test scores like GMAT and GRE with essays need to be perfect. However, what if one doesn’t get the scholarship amount they thought about? Should you negotiate the scholarship amount? The good news is one can negotiate the MBA scholarships abroad. We have a list of some tips that anyone can use to negotiate the scholarships abroad.

  • Be polite but firm: To start off the negotiation process,one needs to be sure to be aware of their tone. It will not help much if one is too brash and too bold in their negotiation talks. Take time to think about what to write about and how to write it. It will help to research about the college’s appeal process for MBA scholarships abroad. Most universities aren’t able to do anything the first or second time one appeals. But if asked at the right time and using the right tone, it could work in favour of the applicant.

 

  • Be specific aboutthe what, why and how much: It will benefit the applicants if proper research is done about how much financial aid is needed with tuition, room and boarding, books, food, transportation etc. minus what the applicant can pay themselves to arrive at the final figure. The better your breakup of scholarship amount it will show the university that the applicant is not asking for aid without any reason. It is, however, important to keep in mind that not all applicants will get the asked for the amount of scholarships abroad,but even a couple of thousands of dollars will make a difference.
  • Provide evidence:Universities and admission experts advise all applicants to submit as much as evidence possible to support their financial need. There are two types of aids provided: need-based and merit-based. For need-based appeals, providing numbers and their breakdown with a history of the family finances will help. Documentation like medical bills, termination letters and bank statements etc. will also help. For merit-based aid, applicants can attach offer letters from other colleges could help you target college in matching up the scholarship amount offered.
  • Write well thought out essay and cover letters: As a part of the admission requirements, applicants need to submit an essay or a cover letter that states, why they want admission in the college of choice and how they could help the university if a seat is awarded. As a part of the appeal process, a cover letter is often written. Write out a convincing cover letter with all arguments laid out clearly. The team deciding the scholarshipsoften pressed for time and having a short but clear cover letter that catches the reader’s attention will help the applicant a lot.
  • Talk about other offers on hand: Universities will make sure to retain all the good applicants. As such if the applicants can produce offer letters and scholarship amount offered by other universities could help leverage the applicants get the required scholarship amount. Show evidence of the award letter from the rival colleges. As all colleges are often in competition to get the best and brightest student minds, the applicants target college would be willing to match the scholarship amount.

Know more about how Indian students can apply for these scholarships to study abroad at https://studyabroad.shiksha.com/scholarships

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