Myth #2
Most college students are supported by their parents and take advantage of a multitude of available loans, scholarships, and savings plans.
Reading about this myth was a bit startling since decision makers should know the FAFSA process and that it does not cover 100% of the financial expenditures associated with college. (On a side note, for an interesting study on FAFSA applications check out the article below that explain how the application process can be improved to help more students attend college.)
http://govcentral.monster.com/education/articles/18078-removing-barriers-to-college
The Public Agenda study says that “nearly 6 in 10 students who left higher education without graduating say that they had to pay for college themselves. In contrast, more than 6 in 10 of those who completed their degrees say that they had help from parents or other relatives to cover the cost of school.”
Adding to the pain, the study cites that “3 in 10 of those young people who leave school without getting a diploma report that they have college loans.” These students as you can imagine are the worst off, feeling dejected, having no college diploma yet college loans to pay.
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