All Myths Articles

Students holding open textbooks against their legs.
myths

Myth: I Should Start Searching for Scholarships During Senior Year

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

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

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

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.
myths

Myth: Scholarships Take Up Too Much Time and Aren’t Worth the Effort

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.
myths

Myth: Private Loans Can Qualify for Public Service Loan Forgiveness

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.
myths

More Myths About Student Loan Refinance And Consolidation

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 …
A woman is looking at her laptop with her hand is holding her face.
myths

5 More Scholarship Myths 

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 …