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
October 8, 2021
FAFSA is an acronym. It stands for "Free Application for Federal Student Aid". Please take note that the first word in the acronym is "Free". You do not need to pay to fill out the FAFSA but there are certainly websites out there that will charge you for their assistance. If you are asked for a credit card at any point in the process, you are at one of these sites. If you do not want to pay to complete the FAFSA, be sure to apply at https://studentaid.gov/h/apply-for-aid/fafsa. The FAFSA must be completed by you and your family each year if you wish to be considered for need-based grants from the college or university you are or will be attending as well as subsidized student loans. [...]
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A study abroad program can be the beginning of the most exciting chapter of your college experience. Often, the travel, housing, credits and even food are included in the price of the program you choose. However, this is no reason not to look for more financial opportunities! [...]
August 19, 2021
As you get ready for this next big step in your life, this last year at home can feel like the longest and the shortest you ever had! While you prepare to select a college and research scholarships and financial aid, don’t forget to spend some quality time with your friends and family. While movies, even when based on a true story, are always a little bit fantastic, they are also works of art that share experiences among their viewers. [...]