All Paying for College Articles

College Myth: Financial Aid is Only for Poor Students

Charts showing that more than 50% of college students receive some form of gift aid, including federal and institutional grants and scholarships, to make college more in your price range myths
Many students from middle class and upper middle class families assume they won’t receive any need-based financial aid. This isn’t necessarily the case. Need-based financial aid Colleges and the government decide how much need-based financial aid you’re eligible for by subtracting your expected family contribution (EFC) from your college’s cost of attendance. If there’s a …
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College Myth: I Don’t Need to Fill Out the FAFSA; I Won’t Get Financial Aid

A student filling out papers with a pen. myths
There are students who think they’re won’t get financial aid from the federal government. Therefore, they sometimes don’t see the point in filing the FAFSA (Free Application for Federal Student Aid). However, these students don’t realize that they may be missing out on grants and scholarships from their college. They’re even missing out on low-interest-rate …
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College Myth: College is for Rich Kids

Chart showing the distribution of student loan debt by what percentage of students have what amount of debt at graduation. College is for rich kids -- not. myths
You’ve probably heard horror stories about students who pay $60,000 plus every year to attend college. If you’re an average middle-class college hopeful, this can be disheartening. It seems like college is for rich kids only, and not as accessible to other students. The good news is that the most-often quoted price–the sticker price–is paid …
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College Myth: I Could Never Afford to Pay for an Ivy League College

Students think that they can never afford an Ivy League college, but they actually can myths
Most students who consider attending an Ivy League college, like Harvard and Stanford, think of them as dream schools. Even some well-qualified students shy away from applying. They think they could never afford an Ivy League college. The good news is that, for most students, Ivy League colleges and other elite, selective universities are often actually …
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College Myth: I Have to Fill Out Hundreds of Applications and Essays to Try to Get Scholarships

Charts showing that only 13% of students get scholarships from private sources myths
Teachers and counselors encourage many of their students to search the internet and apply for as many scholarships as possible. Teachers and counselors push students to get scholarships — as many as they can. This can be helpful for some students, but it’s usually not the most efficient way to reduce your cost of college. …
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College Myth: College Isn’t Worth the Price

Statistics showing the value of a college degree: 170% increase in wages, $1,000,000 additional lifetime income, 10 years to recoup the cost of an average undergraduate degree, 47% less likely to be unemployed. It's a myth that college isn't worth the price myths
Accounting for inflation, the annual cost of college has more than doubled since 1980. With the average cost of attendance at private colleges now at $42,419, it’s no wonder people question the investment value and think college isn’t worth the price. Not only is the cost of college rising, many students are forced to take …
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Where Does Financial Aid Come From?

Sources of student financial aid financial aid
Once you hit send on those financial aid applications, what happens next? Money doesn’t suddenly fall onto your doorstep, so where does it come from? In being a good consumer, it is good to know this information. Where do financial aid dollars come from? There are 4 primary sources of financial aid: Federal Government State Government …
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Guide to College Financial Aid

how much is college financial aid
The financial aid equation You can run but you cannot hide. It’s time to face the finances. Before you get into the details of how and when to apply, it’s important to have some basic understanding of how the system works. I promise that it’s not as gruesome as you fear. In fact, the underlying principle …
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Paying for College: Grants, Scholarships and Loans

College Tuition List financial aid
Paying for college You need to understand the difference between sticker and net price before understanding how paying for college works. The amount left after you factor in merit and talent scholarships for the college, need-based aid from the college, and any federal grants for which the student may qualify is your net price. It …
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