SlideShare a Scribd company logo
Your earnings only make up a portion of the equation. When applying for financial
aid you will have to get an EFC number. An EFC or Estimated Family Contribution
will determine your eligibility for aid, not just your earnings. Freedigitalphotos.net
Most colleges won’t even take home ownership into consideration when
determining eligibility for aid. Colleges determine aid by the information on you
FAFSA application and your EFC number. Freedigitalphotos.net
Only in rare circumstances is your account balance even considered.
Freedigitalphotos.net
Financial aid forms really do take a long time, but you cannot possibly hope to get
aid without them! It is easier to fill out the forms when you have all the materials
ready. Commit to filling it out it’s worth it! Fafsa.ed.gov Freedigitalphotos.net
   Most importantly, when applying for
    aid, never assume that you won’t
    qualify. If you don’t qualify there are
    other forms of aid out there like
    scholarships and grants. Do your
    research and the work and you can get
    help with paying for school! Good luck!

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4 financial aid myths

  • 1.
  • 2. Your earnings only make up a portion of the equation. When applying for financial aid you will have to get an EFC number. An EFC or Estimated Family Contribution will determine your eligibility for aid, not just your earnings. Freedigitalphotos.net
  • 3. Most colleges won’t even take home ownership into consideration when determining eligibility for aid. Colleges determine aid by the information on you FAFSA application and your EFC number. Freedigitalphotos.net
  • 4. Only in rare circumstances is your account balance even considered. Freedigitalphotos.net
  • 5. Financial aid forms really do take a long time, but you cannot possibly hope to get aid without them! It is easier to fill out the forms when you have all the materials ready. Commit to filling it out it’s worth it! Fafsa.ed.gov Freedigitalphotos.net
  • 6. Most importantly, when applying for aid, never assume that you won’t qualify. If you don’t qualify there are other forms of aid out there like scholarships and grants. Do your research and the work and you can get help with paying for school! Good luck!