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 for fear of inflexibility and strict rules. However, it’s highly recommended …
Myths
Myth: I Don’t Need to Look for Scholarships, My College Will Provide Financial Aid
When it comes to scholarships, there are three major sources: the federal government, the colleges, and outside organizations / individuals. While colleges can indeed provide hefty financial aid packages that can greatly reduce your tuition cost, they probably won’t be able to cover the full amount. Scholarship Search Scholarships are the best way to pay …
Myth: Scholarship Competition Is So Intense I’ll Never Win Anything
It’s hardly surprising that there is competition for scholarships. It is free money after all! Unfortunately the thought of competing with hundreds of other applicants acts as a deterrent to many students who decide it just not worth jumping into the fray, as they are not likely to win anything. This is a huge mistake. …
Myth: Scholarships Are Just For Minority Students
There’s a common thought among high school seniors and juniors that scholarships are just for minority students. If you limit your search, that may seem the case, but it’s far from the truth. If You Only Skim the Surface If you only look at the surface of what’s available scholarship wise, it may absolutely look …
Myth: Applying To Scholarships Is A One-Time Thing
There are countless scholarships out there and each one has its own unique qualifying criteria and guidelines. Some scholarships offer one-off awards, while others may be recurring, provided that you meet the renewal requirements. However, the one thing in common among all scholarship opportunities is that you are not limited to applying only for your …
Myth: I Should Borrow As Much As I Can In Student Loans
Considering how expensive college is nowadays, it makes sense that people would believe they need to take as much out in student loans as possible to cover the cost of tuition. This, however, is the exact opposite of what you should do. Student Loan Repayment and Interest You must keep in mind that when you …
Myth: I Need To Be in a Ton of Extracurricular Activities to Earn Scholarships
You may have heard that you need to cram your scholarship applications with tons of extracurricular activities in order to win. However, especially if the deadline is right around the corner, you may be happy to hear that’s not the case. You Don’t Need a Ton of Extracurricular Activities Each scholarship is different, but you …
Myth: I Have To File My Taxes Before Filing The FAFSA
Before you file your FAFSA (Free Application for Federal Student Aid), you’ll have to untangle some of the more complex financial aspects of the process. You might be asking yourself a ton of questions, including things you thought you wouldn’t have to worry about until after you graduated. What’s a dependent? What is net income? …
Myth: Only Students With Good Grades Get Financial Aid
As senior year goes by and the reality of college gets closer, financial aid might be on your mind. College is expensive, and financial aid is the best way of paying for a higher education. But what if your grades aren’t so stellar? Do only students with straight As receive the benefits of financial help? …
Myth: You Only Have to Submit the FAFSA Once
You hear it over and over your senior year of high school: You have to submit your FAFSA (Free Application for Federal Student Aid)! However, even though you may not hear about it much during college, don’t think the FAFSA is a “one and done” type deal that you only have to fill out before …
Copyright © 2012-2018 College Raptor®. All Rights Reserved by College Raptor, Inc.
College Raptor, InsightFA, FinanceFirst, and the dinosaur logo are registered trademarks of College Raptor, Inc.