All Myths Articles

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myths

3 Myths About Financial Aid

By Hilary CairnsLast updated on March 24, 2025
There are plenty of misunderstandings when it comes to financial aid for college, particularly when it involves the Free Application for Federal Student Aid, also known as the FAFSA. Here are just three you may have heard: FAFSA Equals Free Money Some parents and students apply for the FAFSA under the impression that any offers …
refinance student loan
myths

Myth: Stuck With Refinance Student loan Until You Pay Them Off

By College Raptor StaffLast updated on December 22, 2022
Don’t be one of those students who automatically assume that they are stuck with their original loans until they pay them off. Believing this myth has resulted in students unnecessarily paying thousands of dollars extra by way of higher interest rates on their original loans. The fact is there are ways you can exchange your …
myths

Myth: Only Federal Loans Have Forbearance Options

By College Raptor StaffLast updated on December 22, 2022
A lot has been written about forbearance options being one of the many benefits of federal student loans but what is generally overlooked is the fact that some private lenders also offer borrowers this option. Forbearance Options Forbearance allows you to postpone your monthly payments temporarily for a fixed period of time. This can come …
It's easy to fall into the trap and think that scholarships take too much time.
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Myth: Scholarships Take Up Too Much Time and Aren’t Worth the Effort

By Allison WignallLast updated on February 27, 2025
Students have to juggle a lot while applying for college: regular school work, ACT/SAT test prep, college visits, seeking recommendation letters, narrowing their list, and then comes the headache of figuring out how to pay for it. With so many myths about scholarships out there, it can be easy to think that scholarships take up …
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myths

More Myths About Student Loan Refinance And Consolidation

By College Raptor StaffLast updated on February 25, 2025
When looking for ways to manage your loan repayment you will come across the terms ‘refinancing’ and ‘consolidation’. While both of these are offer practical alternatives to managing your student loans, they may not always be the best option for all borrowers. Moreover, there are several myths out about student loan refinance and consolidation that …
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myths

10 Common Scholarship Myths

By College Raptor StaffLast updated on November 14, 2023
Believing one or more of the many prevailing scholarship myths can stop you from applying for free money that you can use to pay for college. Scholarships are the most well-known form of financial aid, and for good reason: scholarships and grants make up about 57% of all aid awarded each year. But just because they’re well-known …
Federal student loan repayment plans are much more flexible than you think
myths

Myth: Federal Student Loan Repayment Plans are Rigid and Inflexible

By Allison WignallLast updated on March 24, 2025
The government is infamous for its red tape and paperwork. It can sometimes feel like you’re doing back-flips and jumping through hoops just to get things done. Add that mentality to student loans, and it’s no surprise that many people avoid federal student loans. Federal student loan repayment plans are inflexible and have strict rules, …

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