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With tuition costs spiraling upwards with each passing year, and endowments shriveling up, financial aid is at an all-time premium. Students are increasingly taking out loans to pay for college – but risk-free financial aid is always the more attractive – and smarter – option. Unfortunately, there is a great deal of misinformation out there about financial aid. These myths are propagated because they have a ring of truth, and they paint an especially dreary picture of the financial aid situation. However, things are not so bad as they seem. Strangely enough, these myths intensify around the area of graduate programs, where the financial burden on the student is perceived to be larger. In fact, grad school doles out aid to a bigger percentage of its students than undergraduate programs do. This infographic dispels 8 of the most common myths surrounding the world of financial aid.