| There are many myths when it comes to financial | | | | In the 1990s, it was estimated that Gettysburg |
| aid and college. So many students and parents | | | | College in Pennsylvania at more than 75 freshmen |
| repeat visits to one another each and every year. | | | | who received financial aid that came from families |
| Instead of verifying facts, everyone just repeats | | | | earning $100,000 plus. They also had over 600 |
| what they have heard from other people who | | | | students that were receiving financial aid who |
| have not verified facts. You should spend a little | | | | came from families earning more than $50,000 |
| time and do some homework. | | | | per year. Do not make assumptions, go in and |
| There is a myth that filling out paperwork and | | | | verify the facts. |
| applying for financial aid causes a lot of trauma. | | | | Another myth is that all financial aid comes in the |
| This is partially true, you do have to fill out a lot | | | | form of a loan. This is very far from the truth. |
| of paperwork and answer a lot of personal | | | | Yes, one form of financial aid is a student loan. |
| questions. Parents will be required to submit all | | | | Many people choose this path when there are no |
| kinds of information, including accounts, stocks, | | | | other options available or in combination with |
| and your personal tax returns. The colleges want | | | | other available options, such as grants and |
| this information so that they can help you get | | | | scholarships. You will have to pay this money |
| money. Remember colleges and universities are in | | | | back over a period of time with interest. Before |
| business to make money, and the way they | | | | you commit to borrowing money in the form of a |
| make money is through students attending their | | | | student loan, make sure you understand the |
| school. | | | | implications of it. |
| There is a myth that it is too hard to qualify for | | | | Another myth is that if you want to go to college |
| aid. There is some validity to this, but it usually | | | | and you are older, there will not be any financial |
| takes much less time to apply for financial aid | | | | aid available for you. Once again, this is as far |
| than it does to apply for college. There are lots of | | | | from the truth as you can get. Financial aid is |
| questions, but all they want is just answers in the | | | | financial aid. It does not matter whether you are |
| form of numbers. There are no essays required | | | | 18 years old or 92 years old. If you qualify, you |
| when filling out the paperwork. Dig through your | | | | qualify. If you don't, then you don't. It does not |
| information and find out the correct answers in | | | | have anything to do with age whatsoever. Any |
| your done. It's really very simple. | | | | kind of grant or scholarship that is available, you |
| Many students and parents' thing they will not | | | | will be eligible for, just as long as you meet the |
| qualify for aid because they make too much | | | | requirements. |
| money. There are many students who get | | | | Go and verify the facts. Do not sit around and |
| financial aid, not student loans, whose parents | | | | make assumptions and talk about things with |
| make six-figure incomes. They give this money | | | | other people who are also making assumptions. It |
| legitimately without lying or cheating. There are | | | | will lead you to believe there are no options out |
| many different factors that are considered | | | | there, when there really are. |
| besides your parent's income to see if you qualify. | | | | |