Myths About Financial Aid

1.  “Federal student aid is just ‘free money’ like grants.”

2.  “My parents make too much money, so I won’t qualify for aid.”

3.  “Only students with good grades get financial aid.”

4.  “I don’t have good credit, so I can’t get a student loan.”

5.  “My ethnicity or age makes me ineligible for federal student aid.”

6.  “The FAFSA®  form takes forever to fill out, and it’s really hard to do.”

7.  “I support myself, so I don’t have to include parent information on the FAFSA® form.”

8.  “I can’t file my FAFSA® form in October because I haven’t applied to any schools.”

9.  “I’ll have to update my FAFSA® form after I file my taxes in the spring, won’t I?”

10. “I didn’t qualify for financial aid last year, so filling out the FAFSA® form again is just a waste of time.”

**For more information on these myths, go to Studentaid.gov/resources.