If you're going to enroll in school, there's a good chance that you will have to apply for financial aid. While you might know what this entails in the general sense, you may be unaware of the numerous myths circulating about it. Fortunately, Robert Jain and others will be able to help you realize some of the myths in question. By the end of this piece, you'll have a better understanding of what financial aid is truly about.
"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 final." Another misconception regarding financial aid is that the packages distributed to students are final. In other words, you won't be able to change them down the road. On the contrary, it's entirely possible for changes to be made if need be. For instance, if you notice that there was an error in the amount you've been given, you may be able to negotiate. It's recommended that you consult your campus about this as early as possible.
"Getting denied financial aid means I shouldn't try applying in the future." While it's unfortunate that one may be denied financial aid, this doesn't mean that they won't be accepted in the future. The reason for this is that personal circumstances may change. You may get your personal finances in order since then, such as paying off credit card debt. In a situation like this, the likelihood of receiving aid becomes that much greater.
"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 final." Another misconception regarding financial aid is that the packages distributed to students are final. In other words, you won't be able to change them down the road. On the contrary, it's entirely possible for changes to be made if need be. For instance, if you notice that there was an error in the amount you've been given, you may be able to negotiate. It's recommended that you consult your campus about this as early as possible.
"Getting denied financial aid means I shouldn't try applying in the future." While it's unfortunate that one may be denied financial aid, this doesn't mean that they won't be accepted in the future. The reason for this is that personal circumstances may change. You may get your personal finances in order since then, such as paying off credit card debt. In a situation like this, the likelihood of receiving aid becomes that much greater.
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