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Wednesday 12 August 2015

A student who got into all 8 Ivy League schools explains a trick for bargaining with colleges


Yale sophomore Kwasi Enin

Reddit recently hosted an AMA, or Ask Me Anything, that
featured Kwasi Enin answering questions about his
incredible feat of being accepted into all eight Ivy
League schools.
Enin, now a sophomore at Yale, provided one response
about how he settled on his choice that was truly
surprising for those who don't know that you can
bargain with schools over their financial aid offers.
"For me, Yale had one of the best financial aid offers
(after bargaining a little bit)," he wrote.
Business Insider reached out to Enin to have him explain
exactly how he was able to negotiate with Yale to offer
him a better financial aid package.
Here is what Enin told us over the phone:
When it comes to financial aid offers, in comparison to
other schools, you can bargain with schools so long as
the offer is the same type of offer. For example, among
the Ivies they all give need based financial aid. So you
can't take a scholastic scholarship from one school and
compare it [to an Ivy League school].
You also have to compare schools that are similarly
prestigious, similarly ranked. You wouldn't take a
community college and compare their offer to a Harvard
offer.
In essence you write an email to the financial aid office.
You take the [financial aid offer] letter from your similarly
compared school.
So for me, I took Princeton's letter and I emailed that to
Yale, Columbia, and Penn. Within like a week, they all
sent me a new financial aid offer on their financial aid
website and they matched the same offer.
You got to send them a nice letter talking about "I love
your school but I have a better offer at a similarly ranked
school called 'X' and if you can find a way to make it
possible that I can attend this school by making the aid
work out, that would be wonderful."

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