The Free Application for Federal Student Aid (FAFSA) is one of the essential ways that students can get free money for college. However, there are a number of myths that sometimes stop students from even applying. Don’t let that be you! Here are some myths you can just ignore and fill out the FAFSA anyway.
- My family income is too high, so I won’t get anything – Remember that the FAFSA helps you apply for more than just need-based financial aid. You can also receive federal student loans that offer much better rates and terms than loans from banks or other commercial sources.
- I didn’t get any free money last year, so it’s not worth trying again this year – Not only do your circumstances often change from year to year, but the algorithm used to determine who gets aid can be adjusted as well. It is always worth it to apply each year and see what happens.
- There’s no rush; I can file when I have the time – You may be a long way from the federal application deadline, but you also have to beat state and school deadlines, which usually occur months before. Therefore, you should apply as soon as possible.
The Best Tips for College Hopefuls and Families
College Planning Source is here to help you create the best college experience for yourself. From funding tips to admissions advice, we can help you with personalized planning advice. Schedule your college planning assessment today by calling 858.676.0700, or you can submit the online contact form.
