Oyin Adedoyin

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1,572 appearances 36 recordings 1 series first heard Mar 2023 last heard Feb 2025

Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Here’s How to Negotiate a Better College Financial Aid Package · 24 Apr 2023 podcast

Financial experts we spoke to say that colleges and universities may offer additional aid for a variety of reasons. matched

If your family's financial situation has changed or if you can provide new information that makes you an even more attractive candidate, it pays to let them know. matched

Plus, rather than just accepting the initial offer, there's almost no risk in just asking for more. matched

Well, that's the first rule about negotiation. matched

Don't say that you're making a negotiation. matched

Don't say that word now. matched

Well, advisors tell us that basically there's a technique here. matched

So the key is to be more subtle about your advocacy. matched

Instead, use phrases such as, our child is really excited about attending your college X. We're writing to ask what can be done to make it more financially feasible for them to attend. matched

Yes. matched

Phrase everything in a positive and respectful manner. matched

The worst they can say is no. matched

They won't rescind an offer. matched

And so schools will typically let you know how to best discuss a financial aid offer, whether that's something on their website or that's a representative from the admissions office that you can email to get that information. matched

So for starters, if your family's financial situation has changed, for example, since you got that initial financial aid award, be clear about those changes. matched

For example, if one of the student's parents lost their job, if someone has an illness with high medical bills and now needs to support an older parent, let the school know. matched

Any change in financial status can be a boost in your financial aid package. matched

To make your case, show the additional costs your family is facing and be ready to also share documentation such as an employment separation letter or those medical bills, anything that can really make your case. matched

Yes. matched

This is the best time to also ask for additional aid based on academic performance or other merit. matched

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