Are you planning on enrolling in a higher education program? Regardless of the college or university you have your sights set on, you might need some help in the financial sense. This is where financial aid comes into the picture. It's not uncommon for potential students to apply for this, but there is considerable information that is, to say the least, inaccurate. Here are just some of the myths in question that Robert Jain can clear the air on.
"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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