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 …

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—either in athletics or academics—in order to win a scholarship. Such a lofty requirement might scare away some students from even trying to apply for scholarships. The fact is, while good grades and sports skills can earn someone scholarship money, they’re …

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 …

Myths about Student Loan Refinance and Consolidation

Necessary knowledge of student loans doesn’t end after you’ve applied and accepted the granted loans. After college, whether you graduate or leave early, you will be responsible for repaying those amounts so it pays to understand how to do that, which may include refinancing and consolidation. However, there are a lot of myths floating around …

Financial Aid Myths That Are Costing You Money

When it comes to financial aid, believing in a few myths can cost you a lot. Every year, students lose out on thousands of dollars that they could have gotten by way of scholarships, grants, and federal student loans simply because of a few prevailing misconceptions. Take a look at some of the common financial …