Students believe a lot of things about the Free Application for Federal Student Aid to the point where they mistakenly believe the whole thing is pointless for them – thus skipping out on hundreds or thousands of dollars in potential college money.

Here are some of the common myths about FAFSA that deserves clarifying:

I earn too much to qualify for federal aid

Income is not the only thing that will determine whether you are eligible for federal aid or not. Other factors like the size of the family, the number of children in college at the same time and even the age of the parents will be taken into consideration.

I am too ‘dumb’ to get federal aid

An above-average GPA will definitely help you get better offers from colleges, but these colleges look more into your need for financial assistance rather than the GPA of the recipient. As long as you perform decently enough in the academic sector, then that you’re fully eligible for student aid.

I am *insert race and/or skin color* and don’t qualify for student aid

Seriously, is this a belief you still hold in this day and age? Federal aid does not prioritize one race or another – as long as you are an American citizen – regardless of color, you can apply for FAFSA and qualify for financial aid from the government.

The FAFSA is too complicated for me to understand

I won’t deny that the FAFSA has quite a few tax terms to get to grip with. But this does not mean that the process is made inaccessible. There are instructions printed on each page of the FAFSA forms on what you need to look for. You can even approach a school counselor or the financial aid department of a college to get a better idea of how to go about the process.

I can’t afford the tuition of a private school I want to go to

A private college may seem expensive at first glance, but you have to take into consideration that more expensive colleges usually offer more aid to get more students enrolled. Academic, extracurricular and financial needs could reach the point where a private college could be cheaper in the long run than another university.

Last updated: May 10, 2012 by & filed under FAFSA

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