Test Post: 4 Myths About Financial Aid

4 Myths About Financial Aid

Myth #1: the FAFSA is too hard to fill out.

We promise! It’s not that bad.

Completing the FAFSA online at fafsa.gov takes only about 30 minutes with easy step by-step instructions for every question. If you do get stuck, use the free, private chat on fafsa.gov for help.

Myth #2: My federal taxes need to be filed before completing the FAFSA.

Paper Throwing

Don’t give up just yet!

If your taxes are sitting on your desk, or in some spreadsheet waiting to be done, you can still fill out the FAFSA by using your prior years taxes to estimate. Once you file your taxes, you can log back in at fafsa.gov and update the information.  You may even be able to use the IRS Data Retrieval Tool, available on the FAFSA website, to import your tax numbers automatically into your FAFSA.

Myth #3: My parents make too much money.

Not filling out the FAFSA is like throwing money out the window.

There is no income cut-off for federal student aid. How much money your family makes is just one small part of the formula that determines your eligibility. In fact, if you’re a graduate student, a veteran, married or have children, or if you are 24 or older, parental information may not even be necessary.

Myth #4: My grades aren’t good enough to get aid.

You don’t have to be Einstein.

Since grades aren’t a factor in the eligibility formula, you can still get federal student aid if your grades are not perfect Just keep in mind: in order to continue getting financial aid, you’ll need to maintain grades that your school considers satisfactory for receiving aid.

Get started today by visiting FAFSA.gov