This is a common misconception. While a perfect GPA is a great goal, falling short of an A+ average does not disqualify you from financial aid. Federal student aid programs don't give preference to A+ students. As long as you are not flunking out of high school, you are eligible for federal funding. However, keeping a high GPA helps on college applications and can help with college-based assistance, so don’t let your grades slip.
Applying for financial aid is tedious, but it is the fastest and easiest way to get free funding. If you are need financial aid, apply. Filling out applications and waiting a month or so for your results is much faster than saving money on your own, and financial aid will save you hundreds in loan debit.
Wrong. In 2005-2006, financial aid funding rose to over $130 billion. Though not everybody receives federal grants, everyone gets federal student loans which have lower interest rates than private loans. Other types of aid, like scholarships, are offered by countless organizations and colleges have financial aid packages for incoming students. Contact the colleges you are considering to ask about the financial aid they offer to students based on your financial need.
While there are scholarships available exclusively to minorities, federal aid is not exclusive to a particular race, ethnicity, or gender. Federal funding is strictly need-based. The FAFSA does not require you to disclose information such as race/ethnicity.
This misconception is perpetuated by scholarship search services that charge a user fee. That is how they convince students to pay for something that is free at other services. You don’t read this claim on a free website or publication. There is plenty of financial aid out there, some companies just try to convince users that they have “exclusive information” to make money. This is a scam. Visit www.scholarships.com to conduct a free scholarship search and get free financial aid information.
Everyone qualifies for something. Fill out your FAFSA to see what you qualify for. Thousands of students are awarded financial aid every year. Financial aid is available to all students in need, not just the exceptionally needy. Every award helps. Remember, to qualify you must submit your FAFSA. Apply early to get the best financial aid package possible.
Wrong. Federal aid divvies out in the form of grants and student loans. Still confused about the difference between a grant and a loan? A grant is a gift, and loans are borrowed and must be returned. Both grant and loans help pay for college so they are both considered financial aid.
Latest College & Financial Aid News
April 14, 2021
by Izzy Hall
Traditionally taken the first two weeks of May, the AP Exams test students’ knowledge from their Advanced Placement classes, with the possibility of being awarded college credit for a high score. Last year, the College Board made significant chances to the AP Exams in order to accommodate the coronavirus pandemic’s effect on students, schools and curriculums. This year, the exams will look more like they have in the past, but with some notable changes. [...]
April 13, 2021
Let’s say you’ve made it. You are enrolled in college, or have been for a year or two. You’re receiving some financial aid, or even a scholarship, but something’s missing. It’s money. No matter how generous the package you’re receiving is, there’s always one more book to buy, one more activity fee, one more dining hall bill… [...]
April 6, 2021
by Izzy Hall
The coronavirus made laptops a necessity for college students. Where before students without personal computers or laptops could use on-campus computers and provided software to meet the technological needs of their courses, the shift last spring to online classes necessitated that students have a stable internet connection and a compatible device. While the majority of students were able to meet this requirement, according to a study by EDUCASE, some students found themselves without a modern laptop that could run the most up-to-date browser, use RAM-heavy software or keep up even with reliable high-speed Wi-Fi. One university has announced a unique remedy for this technical situation. [...]