Myth: Student Loan Consolidation is the Same as Refinancing


Just because student loan consolidation and refinancing are often mentioned together, does not mean the terms are interchangeable. In fact, the two services are quite different. Student Loan Consolidation Consolidate: combine a number of things into a single or more effective whole. That is exactly what student loan consolidation does. It takes multiple student loans …

Myth: If I Match Most of a Scholarship’s Requirements, I Can Still Be Eligible


Submitting a scholarship application is a lot like submitting a resume. You’ll give them your name, your experience, answer some questions, and might even have an interview. So it follows that if you don’t 100% meet all the requirements on a scholarship, you can still submit your application…right? Meeting All Eligibility Requirements Nope. When it …

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 …

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 …

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 …