Podcast with Chris Abkarians: Revolutionizing Student Loans

25 Aug 2023 · 1 min

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In this podcast excerpt, the host advises students to minimize their college expenses by actively appealing their financial aid award letters. The speaker notes that many students accept the initial aid offer without requesting additional assistance, even though schools typically budget for a portion of admitted students to ask for more aid. By politely requesting extra financial help, students can secure additional funds without risking admission status, as schools generally do not penalize such requests.

Chapters

So the first thing that you really want to do is make sure that the amount you have to pay to the schools is low as it possibly can be. And my general recommendation there is that not enough people actually ask for more financial aid once they get a student loan or basically a financial aid award letter back from school. Most people just take for granted whatever the school says they have to pay instead of appealing and asking for more help. And the truth is that a lot of schools are already budgeting for and expecting a certain percentage of the people they've admitted to ask for a little bit more financial help. And if you're not asking, somebody else is, and they'll get that money. And the truth is that they're not gonna rescind your admission or take any punitive action if you're politely asking for a little bit more help to make things work.