Negotiating Grad School Financial Assistance

In summary: The schools try to keep the costs as low as possible for the students, but sometimes money is tight and some students do have to take out second mortgages or work additional jobs to make ends meet.
  • #1
nicholls
94
0
So I've received all of my grad school offers and it is time to make a decision. Of the four schools that I am seriously considering, two of them are offering much higher financial assistance which includes tuition and no TA duties (both schools in the states). The other two schools (Canadian) are offering a lot less money which also does not include tuition and includes TA duties.

If I average out the costs over a year, and assume 2k a year for summer months, the school which I want to go to for its program among other things (let's call it school A), is offering only about 73% of what I could get at the two US schools, but this also includes working as a TA. It is also about 5-10% less than the other Canadian school.

I was wondering if anyone has negotiated or has heard of people negotiating financial assistance with graduate schools on the basis of offers received at other schools?

Additionally, I have applied for a fellowship, and will hear back from it in the coming month or so. The thing is, at school A, if I get the 17k fellowship, I'll only get 2k additional funding (10k goes to the school, 5k to the supervisor, 2k to me). I feel that if I got this fellowship, it may give me a bit more leverage in trying to get more assistance.

What do you guys think?
 
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  • #2
While in general I subscribe to the theory that there should always be room to negotiate, in most cases of graduate support my experience with Canadian schools has been that you're stuck with what you're offered. They just can't justify haggling with every student who comes along.

Sometimes you can receive "top up" awards though. These are offered to students who, oddly enough, are coming in with awards already (such as NSERC).

Your TA commitments can sometimes change too. You may start teaching in your first year, but after that if your supervisor has funding you can drop to a half TA half RA or even a full RA. The letter of offer establishes a baseline for what you can expect.

Something else to consider is the cost of living, which can vary considerably from city to city. So more money may not necessarily translate into more cash in your pocket.
 
  • #3
I think it is very similar to what Choppy describes in the U.S. as well. At least the handful of schools that I am directly familiar with have a "standard" support offer... if the student wants to go and apply for additional funds from some other source, this is welcomed and encouraged, but the department has a certain budget per student, and that's it.
 

FAQ: Negotiating Grad School Financial Assistance

What is the best way to negotiate for financial assistance in grad school?

The best way to negotiate for financial assistance in grad school is to be prepared and have a clear understanding of your financial needs. Research the average cost of living and tuition for the program you are interested in, and be prepared to explain why you need additional funding. It is also important to approach negotiations respectfully and professionally.

What types of financial assistance are typically available for grad school?

There are several types of financial assistance available for grad school, including scholarships, grants, loans, and assistantships. Scholarships and grants do not need to be repaid, while loans must be repaid with interest. Assistantships are often offered in exchange for work, such as teaching or research, and may provide a stipend or tuition remission.

When is the best time to negotiate for financial assistance in grad school?

The best time to negotiate for financial assistance in grad school is before you accept an admission offer. Once you have accepted an offer, it may be more difficult to negotiate for additional funding. It is also important to note that some programs have specific deadlines for financial aid negotiations, so it is best to inquire early.

How much financial assistance can I expect to receive in grad school?

The amount of financial assistance you can expect to receive in grad school varies depending on the program and institution. Some programs may offer full funding, while others may only offer partial funding. It is important to research the program and institution's financial aid policies and average funding amounts to have a realistic expectation.

What should I do if I am not satisfied with the financial assistance offered?

If you are not satisfied with the financial assistance offered, you can try negotiating with the institution. Be prepared to provide a clear explanation of your financial need and any additional information that may support your request. You can also consider reaching out to external funding sources, such as private scholarships or grants, to supplement your financial aid package.

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