|
|
|
August 4, 2000/3 Av 5760, Vol. 52, No.47
BBB offers tips to recognize financial aid scamsAs the college selection and admissions process is underway, many high school seniors and their parents may be noting a surge in incoming mail about college."As families begin to examine various higher education opportunities, it's not too early to also give consideration to available financing/funding options," says Elaine Hugunin, president and CEO of the Better Business Bureau serving Central and Northern Arizona. "Waiting until the last minute to pursue scholarships, grants or financial aid packages could leave students vulnerable to fraudulent pitches from scholarship search firms," she says. The BBB advises students to first check with high-school guidance counselors and public librarians for reputable sources of information about scholarships, grants, and fellowships offered by civic and fraternal organizations, foundations, corporations, professional clubs and the like. Student loan information is available from federal and state governments, banks, credit unions and savings and loan companies. The BBB advises students and parents to carefully evaluate any offers, and look for the following warning signals that can signify a scam:
|
