Five Tips for Negotiating College Tuition

" High cost of higher education. Rising once again. A new report showing average tuition for four year public college jobs six and a half percent from last you have private schools will charge almost four and a half percent are. Right our next guest says there are ways to get the prices to provide. Negotiation. Joining us now from LA -- Jerry Slavonia he is founder and CEO -- campus explore. Dot com so Gerri I thought if you call up you know my daughter just tobacco shares another six months before -- applies to colleges if I start negotiated on the phone. Are they going to hang up on me."

" They might you have to wait until after you've actually been accepted at the college. And that's when they they discussion about tuition and actually should be -- what's your first line agility. Well I mean ideally you're gonna have a couple of options for your daughter. One may include a public school that you're perfectly acceptable -- but having an open dialogue that you know is basically discussing your bottom line expense. Is going to open up the discussion for the advisor to potentially put out some scholarships or grants that you may not have been aware. Okay tell us how this works because I think people aren't quite understanding of the home negotiation process. Right so the first -- you gotta do is make sure you have the discussion because it's not set this down what the tuition should be. So that they report you guys are siding. The the actual net tuition receive from from private schools is about 50%. So the schools already have the mechanisms. To make up the difference. And if you don't ask about it they're not going to put it on the table but basically these are. You scholarships. And grants that that individual school is -- have available to close the deal on your on your state. And so again it is really about. Just making sure you have a discussion with that it. But -- while Jerry there's no walk on those. On those scholarships I mean is there any way that they can actually. Cut back is somebody -- dean of admissions or somebody have a little flexibility. In how much they charge. It yes they do they have a lot of flexibility at the private schools. Particularly. But you aren't going to see them say okay we're going to lower the tuition for you what you're trying to accomplish is it lower out of pocket expense. Without making up the difference through loan which ultimately have to pay back."

" How do you make -- school. Want you or your child. Adding that this is certainly I think the effort an opportunity where you say get them excited about the actual applicant."

" That's right students are in this economy and at this time in our in our evolution. Commodity. There's overcapacity. There are fewer students graduating from high school so just the fact that you've been accepted. You are one it believe me. Particularly in these tuition dependent colleges. They are suffering the most from what the private. For profit institutions have done which is. Basically turned the considerable amount of market share of these available students. -- just the fact that you are interest in the school makes you -- Believe it or not -- commodity and they want to close the deal on him are. And they're going to do whatever they can't so again helping out when you're choosing your school you want to be wise about it you want to make sure that no what no matter what option you have. No matter what school you've been accepted to it to get one for you. But ultimately if you have a preference over over one. Be sure that you are they you know map out the tuition rates that each school okay -- job for a pony -- thank you very much was has about ten years ago before -- knew little about having -- I."