
Spooky season may be over, but some financial aid myths can still come back to haunt students if they’re not careful! 👻 Throughout October, Fiona the Financial Aid Fox helped us uncover some of the most common misunderstandings about FAFSA and TAP, so you can stay informed and keep your aid safe from disappearing like a ghost.
Here’s a recap of the Financial Aid Myths we busted this month:
Myth #1: “Once I get financial aid, I’ll automatically get it every semester.”
Truth: Financial aid isn’t automatic! You must reapply for FAFSA and TAP every year to stay eligible. Your financial aid can change if your income or situation does. Don’t forget to maintain Satisfactory Academic Progress (SAP) by keeping your GPA up, completing your courses, and staying on track to graduate; otherwise, your aid could vanish!
Myth #2: “I support myself, so I don’t have to include my parents’ information on the FAFSA.”
Truth: Even if you support yourself financially, you may still be considered a dependent student for federal aid purposes. The FAFSA form determines this based on specific dependency questions. Visit StudentAid.gov/dependency to review the criteria before you file!
Myth #3: “I don’t need to apply for TAP since I already did the FAFSA.”
Truth: FAFSA and TAP are two separate applications! FAFSA covers federal aid, while TAP provides New York State aid. ASAP students must complete both applications to stay in good standing and receive their full award package. You can apply or check your TAP status at hesc.ny.gov/totw.
Stay Ahead of the Myths!
Financial aid doesn’t have to be scary. Stay proactive, apply early, and ask questions whenever you’re unsure. Your ASAP Financial Aid team is always here to help you stay informed and ready for success.












