EARTH-SHAKING news here guys, today the myth is busted that scholarship offers aren't made to those accepted off of the waitlist.
I got a call from Booth telling me that I had received a Harper Fellowship, for students who "demonstrate outstanding leadership, academic, and extracurricular achievements." It also means that you are supposed to be extra active in school activities in leadership roles, and, for this honor, they are paying for HALF TUITION!!!
This is incredible, I had accepted the fact that my loan payments were going to be sarcastically huge, but now they're just going to be huge! It certainly takes the edge off, though, so I won't feel so bad about all of those networking drinks that I'll be buying at 7.9% interest.
This offer had as much to do with luck as strategy, but I took several steps after I was admitted to try to secure funds. Let me share what I think worked:
Thank you note to Rose followed by phone call after being admitted. Got my name out there. No mention of money.
Attended admit weekend and got as much face time as possible with Rose and her admission's team. She was very friendly and approachable so she made it easy. I had a good admit friend from Uruguay who also has a knack for laying down the charm so she helped me get her attention at the events as well. She definitely knew my name by the time the weekend ended.
Email to Rose and Admission's officers politely outlining my dilemma: I wanted to go to Chicago but had a much better offer from UCLA with scholarship ($24K Need-Based) and I was feeling financially pressured to go with the smaller tuition bill.
Rose follows up with a 30 min phone call to tell me that Chicago can't match offers or offer need-based aid BUT she wanted to know more about my flight business and what my short and long-term post-MBA plans were. After a pretty thorough conversation, she told me that there would likely be scholarship recipients who will attend other programs and, after hearing more about my candidacy and meeting me in person, I would be competitive for the next round of scholarships...but it may take a while.
I decide to go with Booth, pay the deposit, and email Rose to thank her and know that I was happy with my decision, with or without aid.
After waiting for a month, a call comes with the good news above.
My best advice is to recent admits or those just starting the application process to just keep "nicely" asking for aid and get as much face time as possible with the decision makers once you have been admitted to a program. The worst they can say is "no". Getting in front of them in person is far more powerful than your admission interview and is your best chance to make a good impression on them to influence additional aid. I read somewhere that the best financial aid packages go to the most persistent students. Get some!
Last edited by
ultraeasy on Wed Jun 09, 2010 7:32 pm, edited 1 time in total.