Wednesday, 19 April 2017

‘How I knocked $120,000 off our college tab’

Richard Goldberg wasn't satisfied with the aid his daughter's college was offering. Here's how he got the school to sweeten the pot.
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Straight talk from the money editor
My grandma used to say: "If you don't ask, you don't get." Those words proved prophetic a few years ago when my daughter, Kaitlyn, was deciding which college to attend. She received several solid scholarship offers. That money, of course, was a factor in the decision process. Because of our family income level, I knew we wouldn't get any need-based financial aid.
Goucher College offered Kaitlyn a $40,000 scholarship ($10,000 per year). While she had received other offers, Kaitlyn was very interested in Goucher. So, we rolled the dice and Kaitlyn e-mailed school officials to explain how much she wanted to attend but was also inquiring if they could do better with the offer. A week later, Goucher contacted us, upping the scholarship to $80,000. KA-CHING! My Italian grandma more than likely was smiling down on us. For more interesting stuff like this, follow me on Twitter @jimpavia.

Jim Pavia
Money Editor
@jimpavia

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