February is Financial Aid Awareness Month

We want our students to be aware of some common myths about financial aid. Whether you are applying for scholarships, completing the Free Application for Federal Student Aid (FAFSA), or the Colorado Application for State Financial Aid (CASFA), there are many opportunities available to make college more affordable.

Myth: I won’t qualify for financial aid, so there is no point in applying.

Truth: Financial aid is available to students of all income levels. Even if you think you will not qualify, you may still be eligible for need-based grants, scholarships, or work-study opportunities. The only way to know for sure is to apply!

Myth: I cannot get financial aid if I am not a U.S. citizen.

Truth: If you’re an eligible non-citizen, you may still qualify for federal or state financial aid, including scholarships and the CASFA, for Colorado residents. Do not let this myth hold you back—apply!

Myth: Financial aid only covers tuition.

Truth: Financial aid can help cover much more than just tuition. You can use it for books, supplies, housing, and transportation. Applying for financial aid is the key to unlocking a wide range of resources that can support your college journey.

Myth: I must pay back the scholarships and grants I receive.

Truth: Scholarships and grants are typically free money! You do not have to pay them back, unlike loans. This makes them a valuable resource for reducing the cost of your education.

Why Should You Apply?

The financial aid application process is free and could save you thousands of dollars over your college years.

• Scholarships can help reduce educational costs and do not need to be repaid. Many are based on your academic achievements, interests, and community service, so apply early and often!
• The Free Application for Federal Student Aid opens doors to federal financial aid, including grants, work-study, and federal loans. Completing your FAFSA is an essential step in securing the funds you need.
• If you do not qualify for FAFSA, we encourage you to complete the Colorado Application for State Financial Aid to ensure you do not miss out on your financial aid options.

If you have questions or would like personal guidance, schedule an appointment with a Financial Aid Specialist today. We are here to help you through the application process at a time that works for you.