Myth: Athletic scholarships cover the full cost of college attendance. Fact: In addition to the multitude of partial scholarships given out in sports like baseball, where full scholarships are rare, many basketball and football players on so-called “full rides” often find that their scholarships fall short of covering the cost of attendance by a few thousand dollars.

A 2010 study conducted jointly by the National College Players Association and Ithaca College found that Division I student-athletes on “full” scholarships were left with an average shortfall of $2,951 per year, or $14,755 over four years. That same year, the average student loan debt among all college seniors who graduated was $25,250, according to the Institute for College Access & Success. (Facebook/Robert Griffin III Official)