Given the costs associated with higher education, it should come as no surprise that many people rely on financial aid. If you are enrolled in a certain school and reside in a certain state, chances are that you are eligible for this. What you may not know, however, is that there are numerous myths circulating about it. You might have found yourself believing these without knowing. For those that would like to learn about the myths in question, here is some insight that Robert Jain can provide.
"One doesn't have to fill out the FAFSA multiple times." This is one of the most common myths regarding financial aid that the air should be cleared on. Keep in mind that the amount of financial aid that a student requires is likely to be different from year to year. What this means is that, in actuality, one may have to fill out the FAFSA multiple times. This is just one of the many financial tips that names like Bob Jain can provide.
"I won't be able to obtain financial aid if my family makes too much money." This is another common myth that the record should be set straight on. Simply put, household income isn't the only variable. Even if your family makes considerable money, you might be able to benefit from financial aid if, for example, your grades in high school are exemplary. You may also be able to do so if you scored well on your SATs. There are many factors that contribute to this.
"Financial aid packages are known for being rigid." At first glance, you may believe that the financial aid package you receive is inflexible. The truth of the matter is that, in certain circumstances, you might be able to make adjustments. Of course, you have to make sure that your school will allow these, which is another reason why research and communication with your campus are vital. Regardless, to say that these packages can't be changed would be an oversight.
"I didn't get approved for financial aid before, so why should I apply again?" This is the wrong mindset to have, as one's chances of receiving financial aid may change over time. In fact, they might change for the better. For instance, you might not have been in a great place financially when you first apply. However, if you are able to solve problems related to your credit cards or bank account, the aforementioned aid may be easier to obtain.
"One doesn't have to fill out the FAFSA multiple times." This is one of the most common myths regarding financial aid that the air should be cleared on. Keep in mind that the amount of financial aid that a student requires is likely to be different from year to year. What this means is that, in actuality, one may have to fill out the FAFSA multiple times. This is just one of the many financial tips that names like Bob Jain can provide.
"I won't be able to obtain financial aid if my family makes too much money." This is another common myth that the record should be set straight on. Simply put, household income isn't the only variable. Even if your family makes considerable money, you might be able to benefit from financial aid if, for example, your grades in high school are exemplary. You may also be able to do so if you scored well on your SATs. There are many factors that contribute to this.
"Financial aid packages are known for being rigid." At first glance, you may believe that the financial aid package you receive is inflexible. The truth of the matter is that, in certain circumstances, you might be able to make adjustments. Of course, you have to make sure that your school will allow these, which is another reason why research and communication with your campus are vital. Regardless, to say that these packages can't be changed would be an oversight.
"I didn't get approved for financial aid before, so why should I apply again?" This is the wrong mindset to have, as one's chances of receiving financial aid may change over time. In fact, they might change for the better. For instance, you might not have been in a great place financially when you first apply. However, if you are able to solve problems related to your credit cards or bank account, the aforementioned aid may be easier to obtain.
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