Financial Aid Myths Debunked
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Questions and Answers

Which of the following is a myth about financial aid?

  • Most people qualify for some type of financial aid.
  • Your family size and year in school are not considered when creating your financial aid package.
  • There is an income cutoff for financial aid. (correct)
  • The FAFSA form is only for federal student loans.

    • What is the purpose of the FAFSA form?

  • To access student aid (correct)
  • To create financial aid packages based on family size and year in school
  • To apply for federal student loans
  • To determine income cutoffs for financial aid

    • Which of the following is NOT mentioned as a type of financial aid?

  • Work-study programs (correct)
  • Grants
  • Loans
  • Scholarships

    • What does the FAFSA form allow you to apply for?

    <p>All of the above</p> Signup and view all the answers

    What factors are considered when creating your financial aid package?

    <p>Income, family size, and year in school</p> Signup and view all the answers

    Which of the following is true about financial aid?

    <p>Financial aid is available to most people, regardless of income.</p> Signup and view all the answers

    Which of the following is true about the FAFSA form?

    <p>The FAFSA form is a tool to access multiple types of funding.</p> Signup and view all the answers

    Which of the following is a myth about financial aid?

    <p>Financial aid is only available to students with high academic performance.</p> Signup and view all the answers

    Which of the following is NOT mentioned as a type of financial aid?

    <p>Work-study programs</p> Signup and view all the answers

    What is considered besides income when creating a financial aid package?

    <p>All of the above</p> Signup and view all the answers

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