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 …
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 applications with tons of extracurricular activities in order to win scholarships. 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 to Win Scholarships Each scholarship is …
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 …
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 …
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 …
Myth: I Don’t Have to Worry About Repaying My Student Loan Until After I Graduate
When it comes to student loans, many a college student push thoughts of repayment to the backs of their minds. It’s a problem for another day, right? They can worry about repaying loans after graduation… Well, that may not be the best plan. College Costs List Repay As You Go Ideally, you should start trying …
Myth: Only Top Athletes and 4.0 Students Get Scholarships
There is a pervading myth that you have to be the best of the best in order to win a scholarship. At a glance, scholarships can seem like they are only easily available to the elite. This means people with extremely high levels of skill in their field of choice–whether it be athletics or academics. …
6 Myths About Federal Student Loans
Taking on student loans is how many college students can afford to go to college. They are often part of financial aid packages from colleges and universities. These student loans can seem daunting, especially with student debt being the highest it’s ever been. But one of the best ways to make something less scary is …