How To Ask Grandparents For College Money
- By Christine Harrell
- Published 11/16/2011
- College and University
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Rating:
Unrated
Paying for college can impose a financial hardship on many students. The cost of tuition has increased throughout the country, along with the price of textbooks and other school materials. Unless the family has been saving for college for quite some time, they may need to apply for financial aid. Of course, financial aid can only go so far before it becomes necessary for the student to meet it halfway. The student can apply for a private student loan to get them through the remainder of the school terms or get a paying job. With most businesses downsizing or on a hiring freeze, getting a job can prove to be a difficult task.
So what is a student to do? He or she can simply ask for money. When it comes down to it, the worst that can happen is the person being asked says no. Students should start by asking family, like an aunt, uncle, or, best of all, a grandparent.
Any good grandparents want their grandchildren to succeed in life and if it means giving them college money to improve their education, they usually will. However, the student shouldn't just come out and ask for it. It can be rude to contact someone just for a favor. Ease in by calling or dropping in for a visit just for casual purposes. After a few of these drop-ins, the student can begin to talk about school life, eventually bringing up the topic of expenses.
Much like giving a persuasive speech, the student should outline reasons why he needs help in paying for college. He should then proceed to tell them exactly how he will use that money, such as books, rent, food and project supplies. Stress how this college education is going to help later on in life, because without an outlook or goal, there really isn't a focal point for anything else.
Don't expect something for nothing. The student can help out with cleaning or cooking to pay back his grandparents. This demonstrates a level appreciation on the grandchild's part, and may even lead to more financial support from the grandparents. The contact shouldn't come to a stop just because the money has been obtained.
For the hopeful and appreciative student, here is a list of points to discuss with grandparents when asking them to help their grandchildren pay for college.
-Explain the personal importance of a college education.
-Detail exactly what the money will be used for, including possible schools and majors.
-Discuss how their money for education will better the teen's quality of life.
-Promise to work or do other tasks in exchange for the money.
-Plan to visit more often without being asked.
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