Parents agonize about whether their college bound kids should apply as early decision, early admission, priority or regular admission. They also express anxiety about things they've heard about college admission and financial aid. Many of the things they have heard are either conditional by college and not universally true, only partly true or are no longer true. The most common are:
Myth 1: If both parents are employed, you don't qualify for any financial aid. This is not true. Financial aid is complex and most families qualify for some form of financial aid. Student loans are financial aid.
Myth 2: You get in-state tuition at out of state colleges if you choose a major that is not available at any college in your state. This is partly true. If your state participates in a consortium agreement with other states and your state approving agency approves your request you may qualify for in-state rates in other states.
Myth 3: You are more likely to be denied admission if you apply early. This is true at some colleges and false at others.
The right admissions strategy is as individual as the student and institution under consideration. Admissions strategy is a key factor in student success and reducing college costs.