Finance & Career
These bookmarks are a part of the Alabama FAST: FAFSA Application Survival Toolkit. For more information, visit aces.edu/FAFSA.
Alabama FAST Bookmarks
Bookmark | Myth | Fact | |
---|---|---|---|
![]() | FAFSA is for low-income families. | You do not have to have a low income to qualify for FAFSA. Households with incomes more than $200,000 could qualify for some forms of aid. | |
![]() | FAFSA is only for federal grants and scholarships. | Grants, scholarships, loans, and work-study are available via the FAFSA process. Federal loans through FAFSA are low interest.You automatically qualify for these loans by completing FAFSA. | |
![]() | FAFSA is not for students who work to pay for school. | Many work-study jobs on college and university campuses require completion of FAFSA to qualify for employment. | |
![]() | FAFSA is only for those who want need-based scholarships. | Many merit-based scholarships also require completion of FAFSA to determine a student’s scholarship amount. | |
![]() | FAFSA is only for students who plan to pursue an associate or bachelor’s degree. | Students who are enrolled in or plan to pursue a career or technical education at a community college or other training program are eligible for need-based Pell Grants, federal student loans, and more by completing FAFSA. |
Portia Johnson, Extension Specialist, Assistant Professor, Auburn University; Kassandra Ross, Clinical Instructor of Marketing, University of Alabama; Emily Hines, Regional Extension Agent, Auburn University
New July 2022, Alabama FAST Bookmarks, FCS-2655