Many students, especially the juniors in college hear about a lot of myths about FSFA and student loans. If you have ever been in such a situation, here are some of the biggest FAFSA and student loan myths. In fact, statistics shows that such information is the reason some of them fail to submit applications even when they need this money badly. .
Myths about student loans
If your parents earn too much, you do not qualify
Although there are many students who believe this, the truth is that there is no cut off on the amount of income that your parents should make for you to qualify for an FSFA or a student loan. If you look at some of the people when have successfully applied, you will find out that there is a big difference in the financial abilities of their families. In fact, the approval process does not consider anything to do with this and therefore, you are free to apply whether your family is poor or wealth.
You are not eligible if you do not have good grades
Applying for a student loan is not the same as applying to join college. In as much as you will need to attain certain grades to be allowed to join a certain college, it is quite different when you are applying for an FSFA. At this point, the only thing that they will seek is to prove that you are a student. Whether you are the performer in your college or the worst, nobody will want to know about it as long as you are a genuine student.
It is too difficult to apply
Although it used to be a long process applying for an FSFA as well as a student loan, things have changed. The fact that you can apply online is an indication that you do not even have to visit any office. Just take a few minutes off your schedule and submit your request. If there are any inquiries to make, you also can submit them online making it both fast and easy.
There also are people who will lie to you that to apply for an FSA and student loan, you have to within a certain age bracket. There is no limit placed on the age. What is baffling is that some of the biggest FAFSA and student loan myths are too obvious yet some students still believe them.