Debunking Myths About Financial Aid

Every year, thousands of students and families let misconceptions about financial aid stop them from applying for -- and receiving -- the aid they deserve. Let's let the folks at collegedata.com set the record straight.

Myth #1: There isn't enough aid for everyone, and certainly not for my family.

Fact: The amount of aid for college students increases almost every year. According to the College Board: More than $185 billion in financial aid was distributed to undergraduates during the 2012-2013 academic year in the form of aid from all sources, including grants, work-study, loans, and tax credits and deductions. Between the academic years 2007-2008 and 2012-2013, grant aid for full-time undergraduates increased an average of 6.8 percent each year.

If you need financial help, get in line. You have only yourself to blame if you don't. Visit collegedata.com for lots more mythbusting information.