College  |  October 18, 2019  |  Bryana Blanco

FAFSA Myths: Common Myths Debunked by FAFSA Queen Bryana Blanco

What you'll learn
  • The types of financial aid the FAFSA could qualify you for
  • When to file the FAFSA
  • How often to file the FAFSA

One of my favorite things about college is the camaraderie—how my peers and I overcome some of the same college struggles. One of the biggest obstacles many students face (but don’t really talk about) is finances. Don’t get caught up with common FAFSA myths, make sure you get the financial aid you need.

Yes—I’ve been called the FAFSA Queen

If there’s one financial pitfall to avoid at college, it’s failing to fill out the FAFSA (Free Application for Federal Student Aid).

For some students, the application seems like too much of a headache to fill out, or they don’t understand how to complete it. Other students believe all the FAFSA myths out there.

I’ve helped a lot of my friends fill out the FAFSA and I’m here to set the record straight. Let’s separate FAFSA fact from fiction.

Apply for financial aid the fast, easy way

Sallie MaeSM and Frank have simplified the FAFSA® –and it's free!

• Takes just 7 minutes, vs 1 hour on
• Guides you through step-by-step
• Almost all who apply get some kind of aid

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Debunking 3 common FAFSA myths

1. The FAFSA costs money

If you’re looking for the answer to “does the FAFSA cost money?” just know that it does not! The application is 100% free. That’s what the first “F” stands for.

2. My family makes too much money to qualify for aid

You’ll never know unless you apply! There are all sorts of different types of aid you could qualify for. The FAFSA is the gateway to more than $150 billion in grants for college, work-study funds, and federal loans, as well as certain state-based aid.

3. The FAFSA is only for college freshmen

The information you provide in the FAFSA, and the aid offered, is only valid for one school year. College students should apply for the FAFSA every year—and so should graduate students! Keep up to date on when to file the FAFSA on their site.

Start a conversation with your friends

Now that you know all about the FAFSA, spark a conversation about financial aid and normalize it among your peers. See what information your friends are knowledgeable about and teach them any tips you might know.

And remember to submit your FAFSA early! Financial aid is first-come, first-served. So it could pay off (literally) to get your application in quickly. The application opens as early as October 1.

Remind your friends to apply early, too. Even better, you can apply together.

You’re FAFSA-ready!

I hope you can use these tips to ensure you and your friends get all the financial help possible to make college (and maybe even grad school!) happen.

Sallie Mae does not provide, and these materials are not meant to convey, financial, tax, or legal advice. Sallie Mae makes no claims about the accuracy or adequacy of this information. These materials may not reflect Sallie Mae’s view or endorsement. Consult your own attorney or tax advisor about your specific circumstances. Reproduction without explicit permission is prohibited.