Bargaining on scholarship

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Bargaining on scholarship [#permalink]

27 Dec 2005, 04:05

Dear Scott&Omari!

Congratulate me - I`v been admitted to Wharton!
It was not easy but I did it!

Now I`m loosing my euphory little by little and start thinking about coming problems.

I see my most topical and important aim in trying to get scholarship from school. The thing is, that on top of Wharton I applied to some other schools of ultraelite notch. And I have a feeling that I will be admitted by at least a couple of them.

So, what will be the most effective strategy for getting scholarship in my case? Actually, I dont have hard preferences (as well as extra funds available), and I`d rather choose a school, which provides scholarship to cover tutition fees.

Shall I wait till positive admission decisions of other schools and use it as a strong argument for bargainig?
Is it OK in general to wright something like: "Dear sirs, I really like your school, but I`ve been admitted to the couple of schools I like as well. So, providing decent financial aid from your side will defenitely help me to make my choice".
Aint that rude???

I know for sure that it works with some top30, -40, -50 schools. But I`m not sure about ultraelites. So, please help me to make my mind and choose the best strategy!
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28 Dec 2005, 13:00

Honestly, don't expect for this strategy to get you very far with teh ultra-elite schools. If you tell a school like Wharton that a Top 25 school is giving you a big scholarship, they'll probably say, "Okay, then go there instead." Your better off emphasizing your hardships and needs rather than trying to get them to bid against another school.

While I understand that you want to minimize your debt, but I encourage you to go to the best school that you can, not the school that's going to give you a few more thousand dollars now. Thirty years from now, what will matter more?

Scott
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[#permalink]

28 Dec 2005, 23:53

One small but important amendment - I`m talking about bargaining within ultraelite notch, for example, Wharton vs Kellogg. When you are dealing with 2 competing schools, is it possible to raise fellowship using mentioned above fact?
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Joined: 22 Apr 2004

Posts: 1084

Location: Southern California

Schools: Kellogg MBA 2004

Followers: 29

Kudos [?]: 203 [0], given: 24

[#permalink]

29 Dec 2005, 11:06

I doubt it. You can try, but be careful about coming off as a jerk. If you're not getting anywhere, back off. No need to burn any of these important bridges.

Scott
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Bargaining on scholarship

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