Few families are able to go it alone when it comes time to pay for a college education. The college financial aid system is designed to help relieve this burden with its scholarships, grants, student loans, and tax incentives.

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Aid Myths

Common misconceptions regarding financial aid include:

» I make too much money to qualify for financial aid.

» I will use a service to find a scholarship.

» College aid planning is only for high school seniors.

» I'll put money in my child's name to reduce taxes.

» I will just borrow the money for college tuition.

» I won't claim my child on my tax return, so he or she can file as an independent student.

» I'll conveniently leave information off the Financial Aid Application (FAFSA).

» I'll hide money in a trust.