Sunday, Jun 24 2018 | Updated at 01:04 AM EDT

Stay Connected With Us F T R

Mar 23, 2017 01:38 PM EDT

Because of the rising cost of college, many students have a lot of misgivings whether they should go to college at all or not. Those who do so find themselves with student loan debt they couldn't afford to repay. However, experts say that there are many ways how to get additional funding beyond Free Application for Federal Student Aid or FAFSA.

Submit an appeal letter showing the change in your financial situation

Kelly Peeler, founder of the startup NextGenVest, advise seniors that the best way to negotiate more financial aid from FAFSA is to show them that your financial situation (if any) has changed since you filled out the initial form.

If your situation has indeed changed, update your forms immediately and write and appeal letter telling them exactly how your financial situation changed.

Watch video

Let colleges compete for you

Colleges are competitive and they want to get more students as much as possible. You can use that by sending them a letter saying you want to go to there but another college is offering you and they're giving you more money for scholarship.

Students should have a consumer attitude when they think about college education. They should negotiate until they can get what they want. It's as if they are buying a house.

Go back after the deposit's due

Another tactic that could get students more financial aid is follow up the school they want to go to after the deposit's due. That's because at this time, schools already have an idea who is coming and how many. Some schools who have overestimated their popularity and ended up with few students than they expected might be willing to give out those extra more dollars lying around. It doesn't hurt to ask or negotiate.

See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide

Follows additional funding, scholarship, financial aid, FAFSA
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Controlling Robots With Brainwaves And Hand Gestures

Jun 23, 2018 AM EDTWhat if you can control robots with a simple flick of a finger? A team of experts is trying to make that a reality through this latest experiment.

Flavored Electronic Cigarettes Linked To Possible Cardiovascular Disease

Jun 16, 2018 AM EDTScientists from the Boston University School of Medicine looked into the effects of flavored e-cigarettes to the lining of blood vessels. Here are ...

LendingTree Study: Which Places Have the Most Student Debt?

May 31, 2018 AM EDTLendingTree outs its study that identifies places in the United States with the most student debt. Here's the complete list.

Best College Reviews Names 10 Best Master's in Biomedical Engineering Programs Online

May 31, 2018 AM EDTPlanning to pursue a master's degree in Biomedical Engineering? Here are some of the best online programs you need to consider.