Misconceptions Concerning The Financial Aid Packages
Misconceptions concerning the reasons to apply for financial aid
People often think that they do not deserve something and this narrow-mindedness can prevent them from changing their destiny. The majority of population is assured that financial aid is meant for the most talented or the poorest students. They would be astonished with the news that the financial aid does not discriminate. It is meant not only for the straight A students or brilliant sportsmen. It is not compulsory to be an infant prodigy to apply for it.
Financial aid is not meant for the poorest only, though it is meant for them as well. It is difficult to judge what family income could afford the parents to save money for their childs education. What if there are several children in the family? There is only one most common reason why the government may accept the application for the financial aid. This is the applicants need.
Misconceptions concerning the financial aid itself
Another misconception concerns the financial aid purposes and character. Some parents think that it is supposed to make education affordable. But it is a mistake, the financial aid may only defer the payment. This fact has to be taken into consideration, because different life circumstances may complicate the repayment. Application for financial aid may have the following negative consequences:
too much debt may prevent would-be graduates from buying a house of their own;
marriage may be problematic before sinking the debt;
the parents planned retirement will not be possible.
Some parents are mistaken about the amount of the aid. For example, they may try to negotiate about the aid amount. Some families apply to several schools, hoping that they will compete for a potential student. But it is not the case. The reasons for some substantial changes in the financial aid package must be more meaningful.