And the Facts to Debunk Them

Only students with the best Only students with the best grades qualify for financial aid.grades qualify for financial aid.

Merit-based awards are called scholarships.

Financial aid is ‘need-based’.Financial aid is awarded based on a

family’s ability to pay for college.

With no college savings, a communityWith no college savings, a community/Jr. college is my only choice./Jr. college is my only choice.

Family savings helps, but there are other ways to pay for your education.

Lower income families usually find their expected contribution to be modest.

Low interest rate loans are available.Tuition pay plans are offered by colleges

and universities.

I can’t consider my 1I can’t consider my 1stst choice school; it costs too choice school; it costs too

much.much.

Rule: the higher total costs the easier to demonstrate financial need.

Studies show the income of private college families is lower than the income of families at larger schools.

Aid is often available to offset stated costs at most schools.

Students should apply for aid then evaluate the award letter when it arrives.

Only students from reallyOnly students from reallylow-income families qualify for low-income families qualify for

aid.aid.Many forms of assistance are available to

students and to parents.Low interest loans are available to parents

and to students.All families should apply whether they think

they qualify or not.Many families are surprised when they do

qualify for aid.

Millions of scholarships go Millions of scholarships go unclaimed, unclaimed, I can hire a service to help.I can hire a service to help.

Professional scholarship search agencies profit from their services.

Information can be accessed on the Internet or from HS counselors.

Colleges have Financial Aid offices.Track your activities, awards,

community service & employment now to help later when filling out scholarship applications.

Who needs a college degree? Who needs a college degree? The cost isn’t worth it.The cost isn’t worth it.

People with a college degree earn almost twice those with just a high school degree.

College degrees will increase in value over time unlike cars that lose their value over time.

$30,000 for tuition and living $30,000 for tuition and living expense? Are all schools this expense? Are all schools this expensive?expensive?

True, some private colleges do, in fact, cost more than a new car.

Financial aid is largely proportional to the college’s costs.

78% of all college students attend colleges with costs less than $8000.

Average cost of tuition and fees at a 4-year university nationwide is $5132.

I am going to be the only I am going to be the only student at my school on financial student at my school on financial

aid.aid.

More than 60% of full-time students at 4-year colleges/universities receive financial aid.

75% of students receive financial aid at private colleges/universities.

Debt is bad. I will be in Debt is bad. I will be in huge financial debt later.huge financial debt later.

Excessive debt and defaulting on loans is disastrous.

Studies show financial benefits of a college degree easily compensate for the burden of student debt.

Repayment of student loans can be deferred and do have a 6 month grace period upon graduation.

Interest rates on student loans are lower than credit card interest rates.

As a star athlete, I know I will As a star athlete, I know I will get an athletic scholarship.get an athletic scholarship.

On average, only 1 percent of undergraduates receive athletic scholarships.

Most student aid is awarded on financial need-not athletic talent.