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Given the costs associated with higher education, it should come as no surprise that many people rely on financial aid. If you are enrolled in a certain school and reside in a certain state, chances are that you are eligible for this. What you may not know, however, is that there are numerous myths circulating about it. You might have found yourself believing these without knowing. For those that would like to learn about the myths in question, here is some insight that Robert Jain can provide.
"I only have to apply for financial aid once." This isn't exactly true, especially for students that plan on fulfilling multiple years of education. According to names such as Bob Jain, the amount of financial aid that one requires will be different from year to year. What this means is that, in many cases, the FAFSA will have to be filled out and applied with every new semester. Consult your school's financial aid department for specifics.
"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.
"Once you receive your financial aid package, you can't make changes." In fact, you can make certain adjustments to your financial aid package if you believe they're needed. These run the gamut from the specific amount you've been given to the personal information listed. All you have to do is contact your school, draw their attention to any errors, and see what can be done to amend them. Financial aid packages are more flexible than most realize.
"If I applied for financial aid, and was denied, I shouldn't apply again." It's important to note that financial aid, as mentioned earlier, is influenced by different factors. What this means is that if you're denied this type of aid one year, this doesn't mean that the result will be the same the year after. This is especially true if you make improvements to your personal finances, such as paying off outstanding debts. Continually apply, all the while making small improvements in your personal life.
"I only have to apply for financial aid once." This isn't exactly true, especially for students that plan on fulfilling multiple years of education. According to names such as Bob Jain, the amount of financial aid that one requires will be different from year to year. What this means is that, in many cases, the FAFSA will have to be filled out and applied with every new semester. Consult your school's financial aid department for specifics.
"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.
"Once you receive your financial aid package, you can't make changes." In fact, you can make certain adjustments to your financial aid package if you believe they're needed. These run the gamut from the specific amount you've been given to the personal information listed. All you have to do is contact your school, draw their attention to any errors, and see what can be done to amend them. Financial aid packages are more flexible than most realize.
"If I applied for financial aid, and was denied, I shouldn't apply again." It's important to note that financial aid, as mentioned earlier, is influenced by different factors. What this means is that if you're denied this type of aid one year, this doesn't mean that the result will be the same the year after. This is especially true if you make improvements to your personal finances, such as paying off outstanding debts. Continually apply, all the while making small improvements in your personal life.
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Please contact Bobby Jain for further details about what you have just read.. This article, Financial Aid: The Myths That Robert Jain Can Clear Up is released under a creative commons attribution license.
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