HI all,
I am new here and was wondering if there is any advice out there for people that work on commission. My son has been accepted to a few very impressive schools (average 65K COA) and the aid has been less then stellar. We did our EFC last year prior to an ED (which he wasn't accepted). But anyway my EFC was about 30K at the time. When we did it this year for RD it jumped to 50k because of some unexpected stock options that they made me cash out and some unexpected sales commission. My sales commission isn't like a real estate agent where they get it and can keep it. What I sell has risk. I get the $$ upfront but can lose it anytime within the next year if they decide to cancel if something doesn't go right in implementation. This has happened to me numerous times - I owe the company back and sometimes it takes me months the pay back. I get a very small base salary and the rest is based on how hard I work. So over the past year I have lost a few large sales and owed the company money. When that happens it puts my family in a bad place, we are actually 3 months behind on our mortgage and racked up tons of credit card debt.. I wish I could find a new job, but this is all I know and don't have a college degree so I can't find one. I made the most I ever made last year and do not expect to make that much again..
SO my question is, do you think I can write to the colleges to explain and get more $$$. They are all need based and I am not sure if it will help. If I knew this was going to happen, I wouldn't have gotten my sons hopes up. But this was all unexpected. Yes, I made more money but am always using it to catch up. Also, year to date this year I have made 15K less then last year but could make it up in the back half of the year, just never know.
Any advice with negotiating with the schools. Or don't bother?
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