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November 7, 2016

Tuition: Fact or Fiction?

Attending a private college is more affordable than you think. We debunk five common myths associated with tuition.

Myth: You can’t afford to attend a private college.
Fact: Yes you can! Guilford College has a competitive financial program — 97 percent of our traditional students receive financial aid, and 100 percent of the incoming class received a merit scholarship.

Myth: Getting phenomenal grades is the only way to get scholarships.
Fact: Guilford considers more than your GPA or standardized test scores. Your class rank, academic courses and service experiences all affect the scholarship you receive. We’re also test-optional, which means you can provide a writing portfolio instead of ACT or SAT scores.

Myth: You don’t need to fill out the FAFSA because your parents make too much money.
Fact: Every student should fill out the FAFSA. The FAFSA not only determines your eligibility for federal and state grants, but it provides access to guaranteed, low-interest student loans, as well as parent loans. Most important, we use the FAFSA to award our Guilford College Grant, yet another form of free aid.

Myth: The FAFSA is too hard to fill out.
Fact: The FAFSA has come a long way. It now typically takes families only 30 minutes to complete, and it’s even based on last year’s taxes! You can also transfer your tax and income information directly into the FAFSA from the IRS. But if you do get stuck, help is just a phone call, email or web chat away.

Myth: You’ll graduate with debt you can’t pay off.
Fact: It’s true that college is an investment, like a home, that pays off over time. But it’s important to remember that affordability includes resources you’ll have down the road as a result of your college degree. Plus, Guilford students graduate with more than $3,000 less in student loan debt than the national average. And with the income-based repayment plans offered by the federal government, repaying your loans has never been easier.

Are you a prospective student trying to figure out how to pay for college? Our counselors are eager to help you with your financial aid, scholarship and loan needs. Contact your counselor today at 336.316.2354.