All Myths Articles

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Myth: I Should Start Searching for Scholarships During Senior Year

By Allison WignallLast updated on August 10, 2021
Did you know you can win a scholarship as early as kindergarten? That’s right, scholarships aren’t just for graduating high school seniors. This means you don’t have to wait until senior year to start searching for, applying to, and winning scholarships—and here’s why you shouldn’t wait: Start as Early as Possible Ideally, you should start …
A portrait of a young man wearing a red graduation gown with his mom on his side.
myths

3 Myths About Financial Aid

By Hilary CairnsLast updated on June 11, 2020
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
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Myth: Stuck With Refinance Student loan Until You Pay Them Off

By College Raptor StaffLast updated on May 3, 2019
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 …
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Myth: Only Federal Loans Have Forbearance Options

By College Raptor StaffLast updated on June 16, 2020
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 July 8, 2021
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 …
Public Service Loan Forgiveness can be quite a relief.
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Myth: Private Loans Can Qualify for Public Service Loan Forgiveness

By Allison WignallLast updated on November 14, 2019
Qualifying for the Public Service Loan Forgiveness (PSLF) can be a huge relief for federal loan borrowers. After some hard work in the public service sphere, graduates can find their debt vanishing. So, if students with private loans do the same thing—work as teachers, enlist in the military, work for the government, join a non-profit—could …
Pile of three bronze coins over a pile of dollar bills.
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More Myths About Student Loan Refinance And Consolidation

By College Raptor StaffLast updated on June 16, 2021
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

5 More Scholarship Myths 

By College Raptor StaffLast updated on September 11, 2020
You’ve read about the 5 most common scholarship myths that stop many students from applying for free money that could be used to pay for college. Unfortunately, those aren’t the only scholarship myths out there. We’ve put together 5 more scholarship myths that you should not to believe in. Myth #1: I can apply for …
Federal student loan repayment plans are much more flexible than you think
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Myth: Federal Student Loan Repayment Plans are Rigid and Inflexible

By Allison WignallLast updated on June 21, 2019
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, …