All Myths Articles

Federal student loan repayment plans are much more flexible than you think

Myth: Federal Student Loan Repayment Plans are Rigid and Inflexible

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, …
You may think that scholarships are only for minority students but it's not

Myth: Scholarships Are Just For Minority Students

As you move through high school and get closer to college, it’s time to start applying for scholarships. There’s a common thought among high school seniors and juniors that scholarships are only for minority students. If you limit your search, that may seem the case, but it’s far from the truth. When You Only Skim …
Circle number 1 placed on a blue wooden wall.

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 …
Don't borrow as much as you can in student loans

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 …
Do you have to file your taxes before filing the FAFSA

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’re asking yourself a ton of questions. Things you thought you wouldn’t have to worry about until after you graduated. What’s a dependent? What is my estimated family contribution? What …
It's a myth that good grades get financial aid

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 good grades get financial aid? Do only students …
A gold "1" with a teal background.

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 …