{"id":23137,"date":"2017-01-31T10:00:32","date_gmt":"2017-01-31T15:00:32","guid":{"rendered":"https:\/\/www.mbamission.com\/blog\/?p=23137"},"modified":"2022-01-27T11:46:20","modified_gmt":"2022-01-27T16:46:20","slug":"mission-admission-leveraging-financial-aid","status":"publish","type":"post","link":"https:\/\/www.mbamission.com\/blog\/mission-admission-leveraging-financial-aid\/","title":{"rendered":"Mission Admission: Leveraging Financial Aid"},"content":{"rendered":"

\"Mission<\/a>Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday.<\/em><\/p>\n

Oh, the difference a day makes. One day, you are wondering whether you will get into any of your target business schools. The next, you get a call from the admissions committee at your first-choice MBA program, and your life changes forever. Suddenly, with an acceptance letter in hand, you become more self-assured and start to contemplate whether you might receive any scholarships. Then, your second-choice school calls and offers you $10K. You now find yourself facing a tough choice: accept the offer from the second-choice school that comes with a scholarship, or accept the offer from the first-choice program, even though it does not come with any funds.<\/p>\n

In the short term, you do not need to make this choice. With your acceptance letters in hand, you can diplomatically leverage the financial aid offer you received from your second-choice school to influence your first-choice school\u2019s decision to also offer you some form of funding. Once you have been accepted, your first-choice school might not be prepared to let you go and could find a way to offer you some financial assistance. Of course, diplomacy is key. If you make your request in too forceful a manner, you will only alienate the financial aid office, which may then decide to not offer additional resources to encourage you to choose the other school.<\/p>\n

So tread carefully, but with proper tact\u2014you will not lose anything by asking for more.<\/p>\n

Our sister firm,\u00a0<\/em>M7 Financial<\/u><\/em><\/strong><\/a>, is offering a\u00a0<\/em>free Student Loan Refinancing or\u00a0Budget Planning Session<\/u><\/em><\/strong><\/a>\u00a0for MBA students who want a realistic view on direct and indirect expenses, tips for avoiding common budgeting mistakes, and information on how to fund their degrees. Sign up for your free session\u00a0<\/em>here<\/u><\/em><\/strong><\/a>.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday. Oh, the difference a day makes. One day, you are wondering whether you will get into any of your target business schools. The next, you get a call from the admissions committee at your first-choice MBA program, and your … Read More  <\/i><\/a><\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-23137","post","type-post","status-publish","format-standard","hentry","category-mission-admission"],"acf":[],"yoast_head":"\nMission Admission: Leveraging Financial Aid | mbaMission - MBA Admissions Consulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mbamission.com\/blog\/mission-admission-leveraging-financial-aid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mission Admission: Leveraging Financial Aid | mbaMission - MBA Admissions Consulting\" \/>\n<meta property=\"og:description\" content=\"Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday. Oh, the difference a day makes. One day, you are wondering whether you will get into any of your target business schools. 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