All Myths Articles

College Myth: Only Students with a 4.0 GPA Get Scholarships

Only students with a 4.0 GPA get scholarships right? Wrong. You can have B's and still get plenty of scholarships myths
There is such a heavy emphasis placed on good grades and a high GPA–and for good reason, of course. GPAs can determine anything from college admissions to selective schools to qualify for scholarships or grants. What happens if you’ve got a few B’s thrown in there with the other A’s? Or what if you have …

College Myth: Students Shouldn’t Have Their Own Credit Card in College

A close-up of two gold credit cards. myths
A common worry among most college-bound students and families is their finances. The cost of college has risen dramatically in the past years and hunting for scholarships and deciphering financial aid can be tough. Then there are the smaller scale questions of how they actually pay for their everyday purchases. Will their home banking still …

5 Myths About College Costs & Financial Aid Every Parent Needs to Know

how much is a college education myths
When it comes to the cost of college, there are a lot of myths out there. Many times, these myths can scare students and families away from colleges that might have been very affordable, or even cost that family thousands of dollars in lost financial aid opportunities. Understanding how both the cost of college and financial …

College Myth: Most Colleges Are Way Out of My Price Range

Charts showing that more than 50% of college students receive some form of gift aid, including federal and institutional grants and scholarships, to make college more in your price range myths
If you’ve just started your college search, you may be shocked to discover that the cost of attendance at your dream school is tens of thousands of dollars per year outside of your price range. How does anyone afford college at this price? Very few students pay the sticker price to attend college Nearly all …

College Myth: Financial Aid is Only for Poor Students

Charts showing that more than 50% of college students receive some form of gift aid, including federal and institutional grants and scholarships, to make college more in your price range myths
Many students from middle class and upper middle class families assume they won’t receive any need-based financial aid. This isn’t necessarily the case. Need-based financial aid Colleges and the government decide how much need-based financial aid you’re eligible for by subtracting your expected family contribution (EFC) from your college’s cost of attendance. If there’s a …

College Myth: I Don’t Need to Fill Out the FAFSA; I Won’t Get Financial Aid

A student filling out papers with a pen. myths
There are students who think they’re won’t get financial aid from the federal government. Therefore, they sometimes don’t see the point in filing the FAFSA (Free Application for Federal Student Aid). However, these students don’t realize that they may be missing out on grants and scholarships from their college. They’re even missing out on low-interest-rate …

College Myth: College is for Rich Kids

Chart showing the distribution of student loan debt by what percentage of students have what amount of debt at graduation. College is for rich kids -- not. myths
You’ve probably heard horror stories about students who pay $60,000 plus every year to attend college. If you’re an average middle-class college hopeful, this can be disheartening. It seems like college is for rich kids only, and not as accessible to other students. The good news is that the most-often quoted price–the sticker price–is paid …

College Myth: I Could Never Afford to Pay for an Ivy League College

Students think that they can never afford an Ivy League college, but they actually can myths
Most students who consider attending an Ivy League college, like Harvard and Stanford, think of them as dream schools. Even some well-qualified students shy away from applying. They think they could never afford an Ivy League college. The good news is that, for most students, Ivy League colleges and other elite, selective universities are often actually …

College Myth: I Should Wait Until I’m Accepted to Apply for Financial Aid

It's a myth that you should wait until you're accepted to apply for financial aid myths
Applying for financial aid can be tough. Beyond the complicated jargon and long forms, financial aid is tricky. Not only that, there’s a lot of conflicting and misguided advice. For example, most people think that they should apply for financial aid after they get accepted. However, this isn’t usually the right approach. We broke down …
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