@tacocat333 - As I always say, “It never hurts to ask!” I agree with @smakl70 it helps if you can say that, if the school can get closer to what your family has the ability to pay, he will definitely enroll in the school, as it’s his #1 choice. We had a problem with S16, last year, because the offer of aid did not match the NPC at his #1, and this is school with a good reputation for meeting need. They said that they had changed the NPC format in Jan 2016, so it resulted in higher NPCs than in the fall of 2015, when S16 was applying. They asked us to fill out a request for reconsideration, and we pointed out that DH’s bonus is not guaranteed every year, and I’m self employed, so my income fluctuates from year to year. We asked for the $4500 difference, between the original NPC and what they offered, and they met us just over 1/2 way, and an assurance that the COA will go down for our son, quite a bit, once S17 is in college too.
Another CC friend and her D just went back to the school with a better offer/lower net COA, and they wanted her D enough, that they increased the merit aid by about $7,000.
It helps if the student makes the first call, perhaps to admissions rep to start, and then to the fin aid office, if admissions can’t help. The schools like to see a student taking charge of the request, as it shows maturity, so they can express how much they’d like to attend said school. Parents can get involved when the school needs specific information. You will definitely have to follow up in writing, as well.
According to reports I’ve read, nearly 50% of requests for increase aid are granted, in some form or another. You can search the web first, to find out if there is any information about appealing an aid award, for the specific school, so you and your student go into the process with as much information as possible. Here are a couple of fairly recent articles.
http://time.com/money/collection-post/4285135/how-to-negotiate-college-financial-aid/
http://www.cbsnews.com/news/4-keys-for-negotiating-a-better-college-aid-offer/
Taco Son has quite good stats for the schools to which he’s been accepted, so he should be a desirable candidate for admissions. I would definitely go for it! It takes some work, but it could very well be worth $$ it.