7 Myths About College Financial Aid (From the WSJ)


	7 Myths About College Financial Aid (From the WSJ)

jedipunk

7-10-2007 3:02 PM

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finance, college

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7360b91d-a60a-4386-8dfd-e7f9fa0543fe/33E07C64-3DCF-4C54-95C5-10E45D25D53F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/" href="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/" style="font-size: 11px;">allfinancialmatters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/">
<H3 class=storytitle id=post-1877><A 
title="Permanent Link to 7 Myths About College Financial Aid (From the WSJ)" 
href="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/" 
rel=bookmark>7 Myths About College Financial Aid (From the WSJ)</A></H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><STRONG>1. Financial aid comes only in the form of grants and scholrships.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><STRONG>2. The value of my retirement funds and my home will prevent me from getting need-based aid.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><STRONG>3. I should choose a lender from the list of “preferred” lending copanies recommended by my college financial-aid office.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><STRONG>4. I’m doomed: I’ll have two kids in college at the same time.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><STRONG>5. The federal aid process is bound by a strict formula, and it’s virtually impossible to eke any special consideration out of college administrators.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><P><STRONG>6. Not to worry. Our brilliant/talented/athletic child will get plenty of privately funded scholarships, maybe even a free ride.</STRONG></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/"><STRONG>7. The 529 college-savings plan offered by my state is bound to be the best for me.</STRONG></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/33E07C64-3DCF-4C54-95C5-10E45D25D53F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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