FinAidFeb: Mythbusters
In the spirit of FinAidFeb, we've put together a few common financial aid misconceptions for you to share with your students. Feel free to update the text as you see fit, download and share the graphics, and direct your students to applicable resources.
Myth: Submitting a FAFSA is too complicated and not worth filling out.
The truth is: You should complete the FAFSA. It is faster and easier than ever to fill out, with most students and families completing it in less than 15 minutes.
Myth: The financial aid office doesn't tell students about all their options because they want students to take out loans.
The truth is: College is an investment, and every student’s situation is unique. The financial aid office wants you to succeed and is filled with advocates who will ensure you understand the various federal grant, work-study, and loan options.
Myth: I won’t qualify for financial aid, so I shouldn’t fill out the FAFSA.
The truth is: Many students are surprised to learn they qualify for financial aid, regardless of income and grades. Filling out the FAFSA is the only way to know for sure.
Myth: I will receive the same financial aid offer each year.
Truth is: Remember to complete the FAFSA every year. Each application re-evaluates your financial situation, which can change your aid options. Ask your aid office for more info!
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