First of all,
the fact that you received an offer of discounted tuition proves that tuition is not limited to what the colleges advertise.
Tuition is negotiable!
Next, while you may be happy about the grant, remember that it was unsolicited and the college’s first offer. All offers remain open until May 1st, the date by which all offers must be accepted. It will never be reduced or taken away. It establishes a new maximum cost. You can always appeal for more.
Lastly, in most cases, the early unsolicited grant is from a college that is not your child’s top choice. This may your first actual experience with the idea that the value of an education is a function of the quality and the price. As the price goes down, the value rises.
If your child already received an unsolicited grant, what was your reaction? If you haven’t, think what your reaction would be to a college who provides an unsolicited offer of a price reduction. I know that the reaction of a number of students and parents is to take a new look at the same college with a different value proposition.
It all makes perfect sense.
It all also confirms the results of a competitive marketplace. Having the colleges compete for your child’s enrollment provides the opportunity to negotiate tuition.
What it doesn’t do is teach you how to best appeal for even larger grants … from the same colleges.
The Getting Money for College process focuses on how to use your strengths to boost your advantage and save thousands of dollars on college.